Seeing your house sit on the market without any bites is the ultimate frustration. And unfortunately, some sellers are in that tricky spot today.
According to data from the National Association of Realtors, the average time a house spends on the market has increased over the past few years.
A recent post from Realtor.com notes a similar trend:
“During the week ending Sept. 14, homes stayed on the market eight days longer compared to last year. With more choices available and mortgage rates expected to fall, buyers are taking their time, which means sellers will need to be patient and flexible.”
Some of that is because inventory has gone up, so buyers have more options. And higher mortgage rates have definitely slowed demand over the past two years. That’s out of your control. But here’s the secret. There’s something you can control – it’s also where those other sellers missed the mark. They didn’t work with the right agent.
Make no mistake, with the right strategy and agent partner, your house can still sell quickly, even today!
If time matters to you, you need to partner with an agent (Ben Keeney) who understands this shifting market. I will be your go-to resource on what buyers are looking for right now. I will advise you how to position your home to hit the mark.
Here are just a few tips I will walk you through. They may seem simple, but advice like this can make all the difference.
- Competitive Pricing: One of the most critical factors in selling your home quickly is setting the right price. I will do a comptitive market analysis by reviewing recent sales and current listngs for your area. Then I will use that data to make sure your home is priced accurately for today’s market. This strategic pricing approach is the best way to make sure you are hitting the sweet spot on price. Without this strategic approach it can really slow your process down.
- The Home’s Condition: Homes that are well maintained, have great curb appeal, and are updated tend to sell faster. Make sure your house creates a great first impression. I have the resources on what buyers will be looking for and what repairs you need to make before you list.
- Incentives and Extras: If you want to stand out from those other homes on the market, offering incentives or concessions with the sale can sweeten the deal for buyers. Helping with closing costs, a home warranty, or including additional items with the sale are appealing to potential buyers. I can suggest the right incentives to offer based on current market conditions and buyer expectations.