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In these unprecedented times, many homeowners are waiting for the other shoe to fall. Being conservative is a smart approach, but knowing when to sell your house is essential.
As a premiere real estate agency in Los Angeles homeowners trust, we’ve been giving our clients a little real estate education. We’d like to share some of that information with you. One crucial aspect of this education is understanding when to sell your house. Knowing the right timing can make a significant difference in your selling experience. So, let's delve into the factors that can help you decide when to sell your house.
#1. Preparing For Market Doesn’t Really Take That Long
When it comes to real estate education, knowing when to sell your house is understanding that preparing your home for the market doesn’t necessarily take as long as you think. Many clients assume they need a lengthy 6-month preparation phase. You might be surprised to learn that 60 days is often all we need to get your house ready for sale.
Here are some tips for getting your home market-ready:
1. Buy light bulbs (a lot of light bulbs): When showing your home, buyers like the lights on. It adds ambiance and creates warmth, both appealing to buyer psychology.
2. Deep clean your house: It pays (literally) to have your home looking clean and polished before the buyers come calling. This attention to detail is crucial when considering when to sell your house.
3. Organize your space: A clutter-free home lets buyers imagine where to put their stuff. And letting their imaginations wander to that place improves buyer sentiment. This organization step is essential in determining when to sell your house.
4. Hire a storage unit: One of the freedoms of owning your own home is being able to furnish and live in it just as you please. But to secure a robust sale price, buyers need to imagine your home as theirs. This strategic move should be considered carefully when deciding when to sell your house.
5. Get those repairs done: Ideally, everything will work when buyers come to look at your home. Perception is everything; a broken lock or leaky faucet gives the buyer the impression that you haven’t maintained your home. This breeds the question: What else needs fixing? Ensuring these repairs are addressed is crucial in determining when to sell your house.
6. Neutralize: If you’ve got any neon feature walls or deep, opulent wallpapers—now is the time to neutralize them. Go with white, gray, and greige to update your walls and create a plain backdrop for your buyers to paint their lives across. This neutralization process should be part of your considerations when contemplating when to sell your house.
#2. A Qualified And Experienced Realtor Is Magic
Working with an experienced real estate agent Los Angeles homeowners recommend is key to a fast and successful sale. Your listing agent will craft a selling strategy, and they can also provide valuable insight—and practical services—to ensure you secure the best price for your home. This is a great way to know when to sell your house:
- They can hire a professional photographer. High-resolution, well-lit images catch the eye.
- They’ll take care of home staging. Staging a home does help it secure a higher sale price.
- They know the local housing market. They’ve done their homework, and they know the area. A leading realtor can assist you in every stage of the sale process.
In real estate, recognizing the value of a qualified and experienced realtor is like understanding the ‘why’ in achieving a successful home sale or purchase. Is it the right time to sell your house? Read “Start with Why” by Simon Sinek to understand any endeavor’s core purpose and motivation.
#3. Low-Interest Rates = Motivated Buyers
Home buyers across California can secure incredibly low mortgage rates as we near the end of 2020. In mid-August, the average rate for a 30-year fixed-rate mortgage was 2.91%. Savvy buyers are moving fast to secure the lowest mortgage rates available in the last half a century. If you’re considering selling your home, evaluating when to sell your house is important to take advantage of this favorable market.
You can read Stephen Covey’s “The 7 Habits of Highly Effective People” about the importance of a proactive approach for buyers in a favorable market.
You can capitalize on buyer demand by partnering with one of Los Angeles’ most innovative and focused residential realtors. Contact us to capture your share of buyer demand—it’s never too late with the right team behind you. Don’t miss the opportunity to make the most of when to sell your house in this unique market. So, let me ask, is it the right time to sell your house?
Want to upgrade or buy a new house? Hurry and watch this: Watch Before You Buy A House.
Disclosure: This article contains affiliate links. Clicking on these links and buying these products may result in us receiving a commission at no additional cost.
Takeaways:
- Timing Matters: Knowing when to sell your house is crucial for a successful sale, and there is still time to get on the market.
- Realtors Make a Difference: Collaborating with an experienced real estate agent is essential for a fast and successful sale, helping you decide when is the right time to sell your house.
- Low-Interest Rates Are a Motivator: Considering low mortgage rates is a key factor to consider when determining when to sell your house in this favorable market.
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