The house prices rates hiked in 2021, and the real estate market prices continued into 2022 do up due to a lack of inventory and other related factors. Then it continued to be a seller's market throughout 2022 until the last quarter in 2022 when inflation peaked and caused many challenges for the real estate market. Some local market conditions continue to slow real estate, including ongoing rate hikes that have disrupted the beginning of 2023. It is highly recommended that you should work with a Realtor in Waterloo and deal with all the current issues associated with the home-selling process. A professional realtor like Mike Bolger can make this process smooth for you. Read this post to learn more practical tips to sell a home in 2023.
1. Find The Perfect REALTOR®
When looking for a Waterloo REALTOR®, find someone who offers more than the lowest commission. Selling a house at your preferred price can be a long and cumbersome process. You will need valuable advice and communication help to sell on your terms. You'll sign a seller's agreement once you've decided on a real estate agent to work with. This document will be explained to you by your agent.
2. Prepare Your Home and List it on MLS®
Your real estate agent will work with you and offer suggestions on preparing your house for sale. Remove all personal items and artwork from your home, clean and shine your home as much as possible, repaint the walls white, and put neutral bed linens. This could also include professional staging and photography of your home. Your real estate agent will list your home on the Multiple Listing Service® (MLS®) whenever it is ready. This will notify potential buyers and buyer's agents that your home is for sale. Potential buyers will want to see your home now that it is on the market. This will be accomplished through planned open houses and showings.
3. Set the Right Price on Your Home
A devoted buyer will be determined to pay any price for the property they intend to buy. Based on the trend over the past few years, it is visible that buyers are willing to pay almost anything. If you price your house competitively, you may receive multiple offers higher than the list price. Even with the scarcity of properties for sale, you want to draw attention and showings, and an unrealistic price won't do that.
4. Market Your House on the Internet
Even if there is not a crowd of houses for sale, work hard to make yours stand out. Ensure you highlight the best features of your home and get noticed. Online real estate market competition is getting fierce, so you need to up your game in the online presentation of your house sale ad. Publish the ad on your realtor's social media accounts across Facebook, Twitter and others. Add social sharing to all your posts and provide contact information in the details. You can also add a virtual tour of your house to the online community if you like.
5. Conduct a House Showing or Open House
Prospective buyers will want to come to see your home now that it is formally available on the market. This will be accomplished through planned open houses and showings. You will need to decide the time for showings and open houses with your real estate agent because there will be times when you can be out of the home for work or groceries. To accommodate showings, you'll also need to maintain your home clean and organized at all times.
If you hope to sell your house in the Waterloo / Kitchener area, contact Mike Bolger. Mike has immense expertise in helping sell homes at desirable prices.