The housing market has been through a rough patch but there is little doubt that the housing market is currently booming. Of course, there is the possibility that the market will slow next year. While that is good for first-time buyers it isn’t what you want to hear as a seller. An accelerated market is a perfect opportunity to sell.
Understanding The Accelerated Market
In essence, this type of market happens when property sales are rapidly increasing. Demand is currently outstripping supply. That means you can get top dollar for your property. In fact, thanks to the limited supply, you may be able to get over the asking price as buyers enter a bidding war.
The key to making the most of this type of market is to prepare your home properly for sale. Here are the tips you need to ensure your home is properly prepared.
Get The Surveys Done
It is customary for a home inspection to be completed after an offer has been made, allowing the buyer to renegotiate if necessary. However, in bidding wars, this is not usually an option. After all, if the buyer tries to renegotiate the seller can simply move to a different buyer.
But, it does make it more complicated for all the involved parties. To combat this have your property inspected, including dye penetrant testing, before you list it. This ensures everyone interested knows exactly what they are getting themselves involved in. That makes the entire process much simpler.
The next step is to make sure as many people as possible can see themselves living in the property. The easiest way to do this is to remove all the clutter in your house. While you don’t want it to look too minimalistic, it needs to strike a balance between loved and empty enough to allow a buyer to put their own mark on it. Removing the majority of your personal items will help with this.
Don’t confuse cleaning with de-cluttering. Cleaning means cleaning all the surfaces in the home and even the garden should be tidied to ensure it looks its best. That’s the key, you want your home to look clean and shiny, it will encourage a positive response from buyers.
Top Tip: During the process of de-cluttering and cleaning you may notice walls are tired or scuffed. This is the perfect opportunity to repaint the walls. But, if you are painting make sure you use a pale or neutral color. This helps with the sale and ensures the house is a blank canvas for the new owners.
With an accelerated market, you can get great results simply by listing your property as an open house and encouraging potential buyers to look.
However, a crucial part of this stage is to set the scene, known as staging in the business. This can be done by rearranging the items you have or by renting pieces of furniture to ensure your house looks it’s very best for potential buyers.
You may be surprised at how often this is done and how successful it can be.