Realtor.com Chief Economist discusses increasing housing inventory. Realtors share selling strategies, benefits of selling in winter. Appraiser shares tips for getting best appraisal price. Also, explores advancements in smart home tech and TV technology.
Selling a home in winter can be advantageous as there is less competition from buyers and potential for higher prices.
Limited inventory in the winter real estate market can attract serious buyers, create urgency, and lead to quicker sales and multiple offers.
Deep dives
Selling Your House in Winter: The Advantages and Benefits
Selling your house in winter can be advantageous as there are fewer buyers in the market, but the ones that are looking are serious buyers. Additionally, there is typically less inventory during this time, which means less competition for sellers. Although curb appeal might be compromised due to winter conditions, serious buyers will look past that and focus on the house itself. By pricing the house competitively and in line with the current market value, sellers can attract serious buyers and potentially sell their house at a higher price.
Winter Real Estate Market: Benefits of Limited Inventory and Serious Buyers
The winter real estate market offers limited inventory, which can work to the advantage of sellers. With fewer homes for sale, sellers have a better chance of attracting serious buyers who are actively searching for a new home. These serious buyers are more likely to make competitive offers and are motivated to buy during this time. Additionally, limited inventory can create a sense of urgency among buyers, potentially leading to quicker sales and even multiple offers.
Step-by-Step Guide to Appraisals: Determining the Value of Your Home
During an appraisal, an appraiser collects data about the property, including its features, condition, and location. The value of the home is determined by comparing it to other similar properties that have recently sold in the market. Location is a key factor in determining value, as it influences buyer demand. To increase the appraised value of a home, sellers can focus on cleanliness, decluttering, and maintenance. Making sure the property is well-maintained and presenting it in the best possible light can positively impact the appraisal value.
Pre-Appraisals: The Benefits of Appraising Your Home Before Listing
Pre-appraisals can be beneficial for sellers, especially when dealing with unique properties or when there are disputes among family members. Having an independent third-party appraiser assess the value of the home before listing provides an unbiased perspective and can help set realistic expectations. Pre-appraisals can also help address any potential issues or discrepancies in value, allowing sellers to make informed decisions when pricing their home.
What will selling a home be like in 2024? realtor.com Chief Economist Danielle Hale finds that the latest real estate market data shows an increase in housing inventory. REALTOR® Bill Lublin from the Philadelphia area shares selling strategies and how to evaluate an offer. REALTOR® Kristinia Rhodes from Evansville, Indiana discusses why listing your home now, in the dead of winter (instead of waiting until the spring), is the best move for a home seller. Appraiser Beth Graham explains what homeowners can do to get the best appraisal price and why getting a pre-appraisal can be a good idea. Also, Melissa Dittmann Tracey discusses the electronics from the CES and if they are hot or not.
This episode was brought to you by the Federal Motor Carrier Safety Administration, who wants to make sure you move with confidence. The Federal Motor Carrier Safety Administration offers free resources to help before, during and after a move at https://www.protectyourmove.gov.
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