How can you make the most money possible from your home sale?
The answer to this question oftentimes depends on the marketplace. Right now, we’re in a seller’s market. We’ve worked with numerous sellers lately whose homes generated multiple offers that drove their sale price way up.
Across the board, there is very limited inventory. At this time last year in San Luis Obispo, there were 133 homes listed for sale. This year there are 102, which is a 30% drop. In Morro Bay, there were 63 available homes last year. This year there are 48. In Atascadero, there were 111 homes for sale last year. This year, there are only 71.
There are two factors that affect the value of your home. The first is the condition of the home, which is something you can control. This includes variables like whether you’ve upgraded the kitchen or whether the landscaping looks fresh.
The condition of the home, though, won’t have as much of an effect as the second factor—the condition of the market. Timing the market is impossible, but knowing when it’s a buyer’s or seller’s market and acting accordingly can get you more money than putting $30,000 or $40,000 into upgrading your house.
If you feel that you must remodel areas of your house, remember that it usually costs more and takes longer than you anticipate.
So, what can you do to sell your house?
The first thing you can do is give us a call. We’ll tell you exactly what to do. Prepare your home for sale the same way you’d prepare your automobile for sale. Nine times out to 10, you probably wouldn’t go so far as to repaint it or do any reupholstering, right? You’d probably just get it detailed, decluttered, and washed thoroughly. After the preparation is done, you want to take advantage of the market with timing.
If you have any questions about getting the most money out of your home sale, don’t hesitate to give us a call. We look forward to helping you.