When you decide to sell your home, it’s a major moment in your life. You may be on a tight timeline, or you may have some flexibility. You may be looking to move into your dream home, or you might be downsizing after your kids have moved out. In any selling situation, there are many administrative details to consider, and there’s the emotional equity you have in your home. You want to leave your home sale feeling good about the process, and the price you receive. The best way to ensure that you’re happy with the final result after selling your home is to know your market before you sell.
Knowing Your Market Creates Realistic Expectations
Your home holds a personal value that will never be quantified in a listing. You may have raised your children in your home. Doubtless, you have memories and a level of sentimental value invested in your home, but those things may not be reflected in the price of the home. Knowing the housing market in which you are selling will help you create realistic expectations about how much your home will sell for. What’s the typical asking price for a home of a similar square footage in your neighborhood? How fast can you expect that home to sell once listed? Knowing these factors will help you keep a level head during the process.
Understanding the Surrounding Market Helps You Make Updates to Your Home
You want to understand the housing market at large, but you also need to be familiar with the market on a more granular level. You should even familiarize yourself with the homes on your street. What are the features that a prospective homebuyer will expect from a home in this area? You may decide to make some of these updates before selling your home, to increase its value and ensure the home sells quickly. Taking inventory of these features will also inform you of the changes that you don’t need to make, saving you time and money.
Weigh Market Factors as You Move Forward with Your Listing
There are a number of factors that influence how quickly your home may sell, and the final price you receive for your home. If you keep yourself informed of the factors influencing your market, you can maintain realistic expectations about the home selling process. You may also weigh these market factors when deciding to sell your home. If most homes are selling above asking price in your neighborhood, you may raise your asking price. If homes are selling quickly in your neighborhood, this can give you confidence when negotiating with a buyer.
Work With Bill Swanson When Selling Your Home
Bill Swanson and the agents at The Swanson Group strive to make the home selling process as easy as possible. By staying informed about the housing market, and working with an expert, you can ensure that the home selling process goes smoothly. To begin the process of selling your home, contact The Swanson Group office in Omaha, NE at 402-679-6566.
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