How do you plan to sell your home in the next year? Do you think 2017 will be the right time?
I was wondering about the housing inventory and current market conditions. Because of the political situation, the interest rates might jump to an increased level. It’s just a prediction. Let’s discuss it in the light of our time-tested investment advice.
Just like Los Angeles and San Francisco, New York real estate industry is becoming unstable. Experts predict a bubble burst, but let’s be honest. These talks have been going since last 5 years. A crash is unlikely to happen according to previous sale records and low-interest rates.
The National Association of Realtors just published their reports for the 3rd quarter. The data suggests:
A total of 95,453 deals were closed in the United States. That indicates an 11% increase from the past year. Statistics show that the no. of houses declined by 20.7%. Thus, buyers searching for better options had a difficult time in September. As a result, we’re expecting prices will rise again. Zillow zestimates predict a 2% increase. The results from the 4th quarter will give a more accurate prediction for 2017.
Considering the situation, it’s easy to predict that the best time to sell your home is the 4th quarter or the first quarter of 2017. It’s true that Spring season brings more sales, but it’ll be best to jump into the market before interest rates are increased.
New York market is currently hot and sellers are in charge of the situation. If you plan to sell your home then now is the best time to take action. Here are a few quick tips to sell your home in the upcoming year.
Choose the Right Price
There’re two ways to price your home: 1) Overpricing 2) Underpricing
Some realtors say that asking a higher price gives you better money. That might be true, but not in New York. The market is already overpriced compared to other areas in the US. I have seen houses sitting on the market for months because of the overpricing factor. It does no good to ask a higher price and then keep reducing it to match the buying power.
It’s best to sell your home just below the Avg. market value. Do it correctly and you can start a bidding war. If done right, the bidding frenzy can bring you competitive offers and you can win more money.
Stage Your Home
I cannot stress this enough. A poor presentation is why you cannot get offers on your home. Such homes sell for less. Buyers have a hard time looking into the depths. They will think the broken paint cannot be fixed. Otherwise, you would have done that.
So, the right approach is to declutter and stage your home. You don’t have to spend thousands, but present your home in a nice condition.
Market Your Home
Marketing makes all the difference.
You cannot sell a great product without spending some bucks on advertising. Thanks to the internet, you have both paid and free options available. You can advertise on websites such as Trulia, Zillow, Craigslist and other online portals.
Don’t forget the old methods. Traditional advertising is still valid in 2017. Customers like watching neighborhoods, so a yard sign will do a great job. Making one costs less than $100 and you can always sell it to your local real estate agent after selling your home.
As a suggestion, order metal alphabets or yard signs. It’ll be easier to sell the sign at a later stage.
Did I forget to mention our no-obligation offer?
If you’re looking to sell your home in New York, then, you should definitely consider Himalayan Home Solutions. You don’t have to sell your home to us, but it won’t hurt to get a price estimate.
We offer a fair cash price and the process is hassle free. We have the ability to buy your home in any condition and you can close the deal anytime you want.
Click here to get your no-obligation and hassle free cash offer.