Mortgage Costs Are Falling: Time to Prepare for a Sale
With the recent mortgage rate decrease by the Bank of Canada, mortgage costs are falling, creating a golden opportunity for homeowners looking to sell. This change is particularly beneficial for upgraders and first-time sellers who want to transition to larger properties.
If you’re a first-time seller, here are essential tips to prepare your home for a successful sale in today’s competitive real estate market:
Mike Seiler
Have a Selling Strategy
Don’t list your home without a solid plan. Avoid the pitfalls of selling without a real estate agent; your home is likely your most significant financial asset. A skilled agent can help you maximize your home’s value. Collaborate with your agent to create a negotiation strategy: consider your flexibility on pricing, settlement times, or even covering the buyer's legal fees.
Identify your target market, whether it’s first-time buyers, families, or investors. Exploring options like selling at auction can also gauge interest effectively.
Stage Your Home for Maximum Appeal
Home staging can significantly influence buyer perception. According to a Zillow survey, a large percentage of buyers are swayed by well-staged homes. Focus on curb appeal to make a strong first impression. Landscaping your front yard can enhance visual appeal.
Highlight your home’s best features by decluttering and deep cleaning. If your budget allows, hire a professional stager, or consider removing excess furniture to create an impression of spaciousness.
Be Flexible with Showings
Accommodate potential buyers’ schedules whenever possible. Marketing your home effectively requires flexibility, so don’t turn away interested buyers due to timing conflicts. Motivated sellers do everything to ensure their property sells quickly, avoiding prolonged market exposure that could decrease value.
By preparing strategically, staging effectively, and being flexible, you can enhance your chances of a successful sale in today’s favorable real estate market. Happy selling!
CENTURY 21 In-Studio Realty Inc. Brokerage
INFO & SERVICES
CENTURY 21 In-Studio Realty Inc. Brokerage
927 2nd Ave E, Owen Sound, ON N4K2H5
(519) 375-7653
INFO & SERVICES
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