If you’re thinking about putting your house on the market this spring, the time to start preparing is now!
With persistent cold and blustery weather, it may feel like the spring selling season is in the distant future, but if you begin taking actions now, you can avoid the pressures of last minute preparations. Remember, you’ll be faced with much stiffer competition because the housing market gets flooded with new listings every spring. So, if want your property to stand apart from the competition, it’s going to take extra effort on your behalf. If you want your house to be in good shape when the weather starts to warm up, here are 4 tips to follow.
1. Call Me!
Having an experienced agent represent you is critically important; especially with the online shift that is occurring in the real estate industry. Marketing a home has become sophisticated and it requires a skilled, professional marketing strategy. I will help you identify the notable features of your home which will help you maximize the way you showcase those features
2. Inspect Interior Systems
When was the last time you had your heating, ventilation, air conditioning (HVAC) system inspected? Many times cold winter months reveal problems with air circulation in the form of an extra cold room. That same room will most likely be problematically warm during the upcoming hot summer months. Change your air filters and check your air conditioner now. If it needs to be serviced, repairs are usually cheaper before the repairmen receive a rush of spring service calls. Test your home security system, smoke detectors, fire alarm, fire extinguishers, and carbon monoxide alarms to ensure that each is working properly. Many home owners overlook these items so this is the perfect opportunity to make sure they work. Inspect your plumbing for leaks, make sure your windows don’t have broken seals, re-caulk the showers/sinks, check for any signs of insects or rodents, and then fix any problems that you find.
3. Home Improvement Projects
If you have started any home improvement projects this winter, it’s time to complete your work. If you chosse to repaint your walls to a more neutral color, re-carpet floors, it is best to do those things now. If you have any other “fix up” projects in mind as you prepare to sell your home, work swiftly to finish the job(s) quickly. You’ll find a buyer for your home much faster, and the entire process will be much easier if all projects are fully completed before you list your home.
4. Interior Cleaning
After a long winter your windows need a deep cleaning – both inside and out. You’ll be amazed at how much light is being filtered out by your dirty windows. Plus, you’ll be shocked at how well you’ll be able to see out the windows once they are clean. But don’t stop at the windows, remove the built up dust on your ceiling fans, and clean out your fireplace. Wipe down your cabinets and touch up any scuff marks on your walls. Clean your baseboards, wash your curtains, dust your blinds, and organize your closets.
5. Do Your Homework When Pricing
Almost all home sellers enter into the selling process with a number in mind – a bottom line price they must obtain when selling their home in order to “break even” at the bank. And while there is nothing wrong with knowing your “break even” point, it may or may not be relevant when pricing your home. Before you put your home on the market it is imperative that you and your agent do extensive market research to determine the true value of your home. Nobody wants to lose money when selling their home, but the hard truth is that your home is only worth what the market says it is worth; NOT what your “break even” price dictates. Despite this inconvenient truth, the reality is that if you disregard what the market says about your home’s value, you will likely have a difficult time selling. So do your homework, talk with your agent, and think very carefully before you settle on your asking price.
This awesome article is courtesy of the excellent Monte Mohr written for Forbes magazine.
To learn more about Monte Mohr’s experience as a Nashville real estate agent go to Monte@TheMohrGroupTN.com.
SURREY, BC – The Fraser Valley Real Estate Board’s Multiple Listing Service® (MLS®) recorded 1,102 sales in February, an increase of 43 per cent over January’s sales and an increase of 21 per cent over the 913 sales during February of last year.
Ray Werger, President of the Board, says, “The last time we saw an improvement in the market this early in the year was two years ago when we ended up having a solid, steady market from February through to mid-summer. It’s too early to predict whether this year will be similar, but for now sales are up and the average number of days to sell a detached home is one week faster than it was in January.”
Werger adds, “Although sales have picked up, it’s important to mention that they’re still hovering about 10 per cent below our 10-year average and the increases in activity are specific to property type and location, so be sure to ask your REALTOR® how your home and neighbourhood compare.”
The Board posted 2,666 new listings last month, an increase of 3 per cent compared to the 2,582 posted during February of last year bringing the total number of active listings in February to 8,210 – 11 per cent more than were available in January and 8 per cent less than were available during February 2013.
Werger adds, “Generally, we’re finding for all property types if they’re priced right there is a buyer; however, demand for single family detached homes and townhomes is the most consistent with certain pockets in Langley, Abbotsford and North Delta that are thriving, which is why prices for detached homes in those areas are either on par or elevated compared to last year.
“Fraser Valley’s condo market, moderately busier in February, continues to favour buyers offering excellent opportunities due to higher levels of inventory and prices comparable to what they were eight years ago.”
In February, the benchmark price of single family detached homes in the Fraser Valley was $558,100, an increase of 3.2 per cent compared to $540,900 during the same month last year. For townhouses, the benchmark price was $298,900, an increase of 0.7 per cent compared to $296,700 in February 2013 and the benchmark price of apartments was $193,200, a decrease of 4.6 per cent compared to $202,500 in February 2013.
In February, it took on average 51 days to sell a detached home compared to 58 days in January. Townhomes took 55 days on average to sell compared to 60 days the month before and apartments spent an average of 70 days on the market in February compared to 86 days in January.
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