"Perfect Storm" for Home Sellers

Posted on

Oct 27, 2015

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Market Events have created the proverbial "Perfect Storm" for home sellers

Here are 2 ways you can take advantage of the current Sellers Market!

We are in the beginning stages of the return of the sellers market! A mix of historically low interest rates, and record setting low housing inventory has created the proverbial Perfect Storm for selling houses at top dollar. Home shoppers across the metro area are out with their Realtors feverishly looking for their next or first home. However, buyers are still picky about what they will buy. Here are two proven ways to help you get your home sold for maximum profit.

1) Make needed repairs:

Buyers are willing to pay a premium for remodeled and updated homes. Houses that have been remodeled are necessary for people that dont have the money, knowledge or time to make repairs. Besides the needs of buyers, banks have tightened their lending criteria and in some cases are requiring that inspection reports be turned over for review. The old AS-IS sale just doesnt work for retail buyers using bank financing. If the report reads like a laundry list of repairs the lender is most likely to require the seller hire a licensed contractor to make repairs before the bank will finance the home. Homeowners must be realistic about the condition of their property and get a professional to remodel or make repairs before putting up a For Sale sign.

2) Make your house a model Home:

Time must be spent on preparing the home for showings. De-Cluttering is a must. Banish old family photos, collectibles, and papers to public storage. Clean the carpets, and dust the blinds. Organize your office and shelves. Deodorize pet smells and clean their space. Remember, buyers cannot see past all of your stuff. Showcase your homes best features. Consider having your home professionally staged with new furniture so that when a potential buyer arrives at your house they are greeted by a model home.

Real estate is hot right now, so if you are facing a situation that is forcing you to sell your home then by all means take advantage of the market. Invest in your property by making repairs. Help the buyer visualize living in your home by cleaning and staging. Take time to do these things, and you will be happy with the results; your home SOLD for a great profit!



Editors Note: This article was submitted by Brandis Meeks, Realtor (SRES).
Brandis Meeks is Vice President of Colorados Home Buyers and may be reached at 303-835-0545 or by email at bmeeks@gochb.com







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