This Spring’s housing market experienced an early spike in buyers that had sellers and Realtors scrambling to meet demand. From July 1, 2015 to July 1, 2016 the average price of single family homes sold has seen an increase of 5.9%, a clear indication of value and supply meeting demand.
As the end of summer is rapidly approaching, many sellers may be wondering if it’s too late to list their home and get it sold before the season’s end. With the average days on market at 46 days from listing to sold (nearly 15% less than this time last year!), the timing could not be better!
The best place to start when considering selling your home is with a market analysis. This will tell you how your home compares with other sales in your neighborhood, current equity, and most importantly what you stand to net with the sale of your home.
In addition to getting a market analysis done on your home, follow these tips to get your home in the best shape for potential buyers:
- Summertime Curb AppealThe appearance of the outside of your home can make a big impact on potential buyers, so pay close attention to the first impression it makes. Keep your lawn mowed, bushes trimmed, sidewalks swept and entryway inviting. If potential buyers feel welcomed when they approach your home, they are more likely to enter and look around.
- Outdoor livingUtilize the outdoor living spaces that your home has available and make these areas comfortable and inviting. Help potential buyers see themselves relaxing in the space by having comfortable seating or calming décor present.
- Bring the Outdoors InWhen possible, bring the best elements of the season into your home. Take advantage of the sunshine by opening blinds and using sheer curtains. Use natural smelling air fresheners, such as fresh cut lilacs or roses, or when weather permits, open windows to welcome the fresh air.
- Keep the Temperature DownAs temperatures often soar in the summer months, make your home a retreat from the heat. Have fans moving. Turn down the air conditioning just below your comfort zone on especially hot days. Keeping your home at an appropriate temperature will encourage potential buyers to stay a while in your home, checking out every facet of it, all while staying comfortable.
As summer heats up, the housing market is still hot.
If you’re thinking about selling, contact the Kahler Team at (605) 939-0508 to get a market analysis and discuss your options.