Your home is on the market and you want it to sell fast for the highest possible price. Here are some tips to get your home “show ready” for buyers:
Let in the Light
Open curtains and pull up the shades to let in as much light as possible.
A dirty home does not look well maintained. Clean your home from top to bottom.
Having your home staged to look appealing to buyers can make a difference. Read some staging trends here.
All of your belongings do not sell with the home, so now is the time to de-clutter and remove personal items such as photos or collections.
Add Curb Appeal
A buyer’s first impression is made when that person pulls up the driveway. Make sure your home is tidy and welcoming.
No Trace of Pets
If you have pets, you need to make their presence disappear. Food bowls should be stored and toys hidden. Read more about pets here.
When your home has a showing scheduled, you need to leave. A buyer wants to feel comfortable inspecting your home which is difficult to do if you are there. And, if you have a pet, take it with you.
Despite the snow, ice and freezing temperatures, Dayton, Ohio had a 3.07% increase in home sales for January!
January 2014 versus January 2013
- 3.07% Increase in home sales (739 units vs 717 units)
- 3.06% Increase in home sale volume
- 1.05% Increase in % sale/list price (95.91% ves 94.62%)
- -0.1% Decrease in average sale price ($109,209 vs $109,221)
It is a great time to sell your home in Dayton
Listing inventory is 12.36% less than January 2013. With less competition of homes on the market, low mortgage rates and rising home prices, it is a great time to list and sell your home.
Data: DABR January 2014 Home Sales Report
March 2013 was a great month in Cincinnati and Northern Kentucky for home sales. Cincinnati home sales reached a six-year high for the month.
- 2,190 Sold Homes – 13.5% increase (from March 2012)
- Sales Volume – 22% increase (rom March 2012)
- 436 Sold Homes – 4.6% increase (from March 2012)
- Sales Volume – 10.6% increase (from March 2012)
- $150,162 Average Sale Price – 5.8% increase (from March 2012)
What do these statistics mean?
This active real estate market shows a high demand for homes that are reasonably priced and in good condition. It’s a great time to sell your home!
Today’s real estate market is seeing a “supply and demand” issue. Simply put, there are not enough homes for sale in relation to what the home-buying market is demanding.
Supply and demand in real estate is represented by the current month’s supply of homes for sale (the number of homes for sale divided by the number of homes sold in the previous month).
Here is a guideline for pricing in various housing-demand markets:
1-4 months supply – This is a seller’s market in which there are not enough homes for the buyers’ demand. Homes appreciate in this type of market.
5-6 months supply – This is a balanced market and historically home values appreciate a bit above inflation.
7-8 months supply – This is a buyers’ market in which the number of homes for sale exceeds demain. Depreciation follows in this type of market.
In our region, we are currently experiencing a 4.1 month supply of homes for sale. This is the fewest active listings in the past eight years.
Nationally, there is a 4.2 month supply of homes available for sale which is the lowest seen since April 2005.
Information courtesy of the KCM Blog.
If you’re planning to sell your home during the warmer, “outdoor” season, pay close attention to your “outdoor rooms” — the front and back yards. The front yard should be the red carpet to your front door and will help create curb appeal. The rear yard can also make a positive, first impression with attractive landscaping. Remember, buyers need to be impressed by the outside before they will look inside your home.
Questions to consider about your current landscaping:
- Is your yard well maintained with trimmed shrubs and attractive flowers?
- Have you pulled all of the weeds and added mulch?
- Do you have an nice seating area outside?
- Is your deck or patio in good shape?
Not all buyers will be avid gardeners and may be looking for low-maintenance landscaping, but, in general, most buyers see an extensively landscaped yard as a plus. (Remember, just don’t overdo it or you may scare off buyers who do not want to spend hours in their yard.)
Have a small yard? Don’t worry – even small green spaces can look appealing and attractive. You may need to think more in terms of container gardening if you do not have a lot of yard for landscaping or flowers.
Smaller, starter homes with nice landscaping create more visual appeal that hopefully turn into purchase offers. For higher-priced homes, there will be an expectation of quality landscaping from buyers.
Some ideas when updating your landscaping:
- Planting perennials offer a future low-maintenance solution to gardening.
- Fresh mulch always has curb appeal and provides contrast to green or colorful plants.
- Pruning trees or bushes keeps the landscape looking fresh. Be sure to tailor back overgrown areas that block the front door or windows.
- When adding shrubs, avoid “one of this” and “one of that” — masses of three or more look better and will smooth out the look of the landscaping.
- Have a healthy lawn in the front.
- Add lights! Lighting along a driveway or highlighting landscaping or the home’s exterior can create a beautiful aura to your home in the evening.
Need inspiration for your landscaping endeavors? Look at homes already on the real estate market!
Getting your home “market ready” is an important step to make it stand out among other available homes for sale. Here are some painting tips to consider:
Take a tour of your home and make note of the walls and trim areas that need to be touched up inside and out. A few neglected spots might be a signal to potential buyers that the home is not well maintained.
Are Your Colors Neutral?
If your painted walls are in good condition, you will also need to access whether the color is appealing to the masses. Although you may have enjoyed an expressive color, the person moving into your home may not. It is best to neutralize those “avant-garde” colors. A DIY repainted room usually costs under $100.00.
Go conservative with color. White and neutral colors are the safest choices as these colors will appeal to the largest number of buyers. Make a buyer’s first impression positive!
Select Your Paint Carefully
A high-quality acrylic latex paint can last for 10+ years and offers prospective buyers a “no maintenance” situation when moving into your home. Less work for them might mean a faster sale for you.
Prepare and Know Your Surface
Taking the time to properly preparing your surface before painting will result in a quality finish and thus impress buyers. Make sure you understand what type of paint your surface requires before you paint!
Looking for more information? The Paint Quality Institute has a great web site with all kinds of tips about painting ceilings, walls and other surfaces throughout your home. It shares many “How-To Videos”, too!