All home sellersÂ want the most money for their home within the shortest time frame possible. How do you know what is the right price to ask for when listing your home for sale?
Timing is everything! Some real estate agents use the assessed value of the home as a basis for value. The assessed value of your home is not necessarily todayâ€™s market value. For example,Â Skagit County home valuesÂ are only based on a drive-by viewing doneÂ once every four years!
What if you remodeled the interior of your home or added a room to your home? What if a neighborâ€™s tree was removed, improving your view? Or a neighborâ€™s tree now blocks your view? All of these have dramatic impacts on price.
Home stagingÂ also impacts the appeal of your home and pricing. Are you willing to do some staging? It has been proven that staged homes sell for a higher price, and in less time, which is whyÂ we offer all of our sellers free staging consultations.
Recent home salesÂ impact the value of your home, but only if the right â€ścompsâ€ť are used. Only homes of a similar age and style should be used, and if your home has been completely remodeled, then the â€śeffective year builtâ€ť could be used to determine the right comps to use. However, if only the kitchen was remodeled and the rest of the home is dated, then the actual year built is what should be used with an adjustment for the remodeled kitchen.
Current inventory ofÂ homes for saleÂ with your amenities is a critical factor to consider, as is the absorption rate (how many months of inventory are on the market) and whether the inventory is growing or shrinking. The market price of real estate is always based on supply and demand, and demand is high in Anacortes currently while inventory remains low!
How much money you have put into your home does not always increase the value of your home. For example, if your home is inÂ AnacortesÂ and your neighbors with the identical home converted one bay of their double car garage to a family room and you have a two car a garage, your home is probably worth about $10,000 more, even though your neighbor has more money invested into his home.
The real estate market has shifted.
If you are considering a move, this is an excellent window of opportunity to sell because we are low of inventory and the pent up demand of buyers is being felt with active sales in most price ranges.
If you are thinking of selling your home in 2017,Â please call Jean Groesbeck & Assoc. LLC Â today to discuss what you should be doing now be to be ready sell your home quickly. We can be reached daily at (360) 941-3734 and via email at Jean@JeanGroesbeck.com.