Ilyce brings a super list to us to share with our sellers and potential sellers that are either on the market or thinking of selling in this evolving marketplace.
In many areas, home prices finally starting to recover from the hits they took in the financial crisis. While we’re certainly not out of the woods, many homeowners are ready to invest money in their homes, hoping they’ll be worth a little more than they bought them for.
In a recent blog post I wrote for CBS MoneyWatch, I outline some “real estate resolutions” potential sellers should make in 2013:
1. Focus on aesthetic changes.
Buyers tend to pay the most attention to curb appeal, kitchens and bathrooms, so these are the areas that should be addressed first. This doesn’t always mean a major remodel; often, some new knobs or a coat of paint can do just the trick.
2. Address buyer expectations.
Take a tour of homes for sale in your area to get an idea of what buyers will see, and use that to inform your renovation decisions. Buyers will expect homes in the same neighborhood and price range to have similar features.
3. Consider waiting.
If your neighborhood is full of foreclosures and short sales, now may not be the time to sell. Those low property values are probably dragging down the price of your home, even if your place is much nicer than surrounding properties.
Click here to see the full list. What are tips you give homeowners who are thinking about selling?
Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blog and CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investor
Mark Loewenberg PA
Keller Williams REALTOR®
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