With only a slight uptick in mortgage rates, 2022 is still expected to be a seller's market. If you're looking to sell your home, now's the best time to do so. A few things should top your to-do list before listing your property. Our agents can give you a firm idea of what to expect when selling your home and what you can do to help your home sell faster.
For one, you'll need to have a good understanding of the housing market. Typically, spring is the best time to put your home up for sale. However, the pandemic has usurped the real estate market a bit. For instance, real estate sales generally cool off when the weather starts to cool, but this hasn't been the case these last two years.
Due to low housing inventory and increased buyer competition, you can expect an increase in demand right after the New Year. That means you can list your property as soon as you feel ready. There's no need to wait until spring.
Let's look at some tips to help you get ready to sell your home in 2022.
- Stage your home to look its best
Decluttering and reorganizing can help you stage your home better. As any experienced real estate agent will tell you, the best thing you can do is to clear your home of excess items so buyers can better visualize themselves in the space. Also, decluttering early means you'll reduce the hassle that comes with moving. Although decluttering is a daunting task, it doesn't mean you have to get rid of all your items. You can rent a storage space for any items you're not ready to let go of.
- Consider the exterior
The outside of your property is the first thing buyers will see. Turn up the curb appeal by carrying out meaningful landscaping or painting the exterior of your house. Such projects will add some vitality to your home and may even help your house sell faster.
- Work with a real estate agent
Your best bet is to get a real estate agent early on. They can help you analyze the market to set reasonable expectations. It's your agent's job to get you the best possible price for your home, and they know what buyers are looking for. Additionally, your agent will be alert for issues that might not cross your mind, like leaks or roofing problems. A few minor adjustments can improve your home's asking price and make for an easier home selling experience.
- Set an appropriate asking price
It can be challenging to know what your home should sell for. You want a price that will provide a reasonable return on investment while being competitive enough to attract buyers. It works in your favor as a seller to have more buyers bidding on your property. Your real estate agent can help you determine a minimum selling price based on the local market and what buyers are willing to pay. However, the price isn't set in stone. You might find some buyers ready to make an offer well over your asking price if the market is hot enough.
- Get ready for closing
Home inspections are a vital part of the home buying process. An inspection can reveal a few issues with your home that you might not be aware of. For instance, you might need to make roofing repairs or fix a leak in your plumbing. Preparing for closing also means being financially and emotionally prepared for any curveballs that might show up.
Get Ready to Sell Your Home in 2022
Selling your home can be a complex, intimidating process—but it doesn't have to be with the right agent. If you're looking to add your property to these Ridgewood homes for sale, we can make the process easier than you ever imagined. Contact us today to get started on your home-selling process.