Anchorage is the most populous city in Alaska with more than 40% of the state’s population residing there. Its natural beauty, fantastic culture and amazing wildlife make it a desirable destination for anyone seeking to relocate to a diverse and friendly city. Anchorage also offers many economic advantages for its residents. Due to the low inventory of homes currently listed for sale in this area, sellers are experiencing a quick turn-around for their listed properties. Even though it is a seller’s market right now with an abundance of buyers, these buyers are being very selective and cautious about their purchases. If you are currently selling your home and it is not moving along as quickly as you hoped, consult the suggestions below to figure out your next move:
Why Home Listings Become Stale
In a typical seller’s market, properties should realistically sell within 30 days. If a home does not sell within a reasonable amount of time, there could be a number of different reasons why. A stale listing could be result of unrealistic expectations by the seller concerning the value of the home. An overpriced home will take much more time to sell than one that is priced close to fair market value. The home may not show well if it is cluttered, dark or appears dirty. A vacant home is much harder to sell as buyers have a difficult time imagining their belongings in the house. A real estate agent who is unfamiliar with the area may not be marketing the property properly or maximizing its value and potential. Your agent should have recent sales numbers available in your area to prove their experience and success.
Reflect on the Price
Many homeowners have an emotional investment in their homes and tend to overvalue them. The right real estate agent will conduct a current market analysis of the home to determine a realistic price. The data should be based on the median sale price of similar homes in the area. Overpriced homes take much longer to sell regardless of the amount of available buyers.
Value of Renovations
Many times small upgrades can make a big difference in the amount of time a property takes to sell. Curb appeal is important because it is the first impression buyers experience. The exterior should be welcoming with clean flowerbeds, trimmed shrubs and a manicured lawn. A coat of fresh paint around windows and doors brightens any home. Inside renovations that make a difference should include the kitchen and master bathroom. It is critical to update appliances, counters and flooring in the kitchen as it is the focal point of the entire house.
Today’s savvy consumers are conducting thorough online research before seeking out potential properties. Even though most buyers are excited about and eager to purchase a new home, they want to be convinced they are getting the very best property for their money. Sellers need to make every effort to present their property in the very best light in order to entice potential buyers. Sellers with realistic expectations for selling their homes can expect a positive selling experience. For more information on selling your home before the start of the school year, please don’t hesitate to contact us.