Post-Holiday Real Estate Rush

January 2015

Viewing posts from January , 2015

Post-Holiday Real Estate Rush

We’re past the holidays, and you know what that means! Besides being a few pounds heavier than before Thanksgiving began, January also brought us a 62% increase in new listings on the market from December. Now that Christmas decorations are put away and holiday guests have gone home, sellers have gotten serious about getting their properties on the market.

While more listings going active on the market was a good thing, it didn’t mean that it was easy for buyers to get under contract on their dream home. The number of new listings in January was 3,964… and a whopping 4,514 homes went under contract in the same time frame.

Real estate professionals worry that this lack of supply could stall the market. Potential sellers worry that they won’t be able to find a home to buy and may choose to stay put. Buyers could get frustrated with high prices and bidding wars and choose to rent for another year instead.

 

 

Ultimate Home Seller Checklist

Preparing to sell your home? Here are some quick tips to attract strong buyers. (Print Version)

  • Clean and Declutter – Cramped rooms are a buyers’ turnoff, so make sure you open up and brighten each room. Start with the furniture – remove the oversized pieces, or those that don’t fit the room’s main purpose. For example, get rid of one of your living room end tables, and remove the desk from your family room. Buyers should see there is enough space in the house for their needs.
    • Next, look at your countertops, shelves, and inside cabinets. Keep the knick knacks to a minimum, and the decor neutral so buyers can easily picture bringing their lives into your home.
  • Make Necessary Repairs – There are two kinds of repairs you should consider before selling your home. The first are cosmetic repairs. These are the “nice to haves” for buyers, and the associated costs should be relatively low. Repaint rooms to be less bold, and replace outdated light fixtures or hardware. The overall goal is that your home should feel fresh and modern.
    • Second, you should get a presale home inspection to determine any fixes that could affect your home’s ability to sell. You know if you have an aging roof or radiator, but an inspection will tell you if they’ll need to be replaced in order to get the sale approved.
  • Get Curb Appeal – Picture yourself as a buyer pulling up to your home for the first time. The lawn is well cared for, the landscaping is impeccable, and the front door has a fresh coat of paint. These natural observations set the tone for the entire walk through, so don’t underestimate the importance of curb appeal.
    • In addition to the details noted above, make sure your house is well lit at night, and easy to find. Buy new, larger house numbers so buyers don’t drive past it by accident. Brush off any walkways so buyers have an easy time getting to the front step.
  • Hire an Agent, Set a Price – Last year, sellers using real estate agents to sell their homes netted $26,300 more on average than those who chose not to hire an agent. $26,000! Agents understand the local market and the marketing practices necessary to sell your home. Give me a call TODAY at 720-891-9000.
  • Offer Up Your Home’s History – There is a lot of public record data out there, but wouldn’t you rather buyers hear it directly from you? Create a simple binder showcasing the price you paid, past owners and price history, and any upgrades you’ve made to the property. Include a page with recently sold data of similar homes nearby, so buyers know that the neighborhood is in high demand!
  • Get Ready for Showings and Open Houses – When a buyer is coming to look at your property, it’s important that you leave your home for the duration of the visit. Make sure your home looks and smells clean, and then get out of Dodge until they’ve left.

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