How to Sell Your Denver Home Quickly in 2016
When it comes to selling your Denver home, it may seem impossible to be able to predict the market and can never know what the future holds. However, you can use past real estate cycles to make some sound predictions about what will happen in the market. Check out the following tips if you want to sell your Denver home quickly in 2016.
List at the Right Price
If you ask two real estate agents whether you should use overpricing or underpricing as a selling strategy, there is a good chance you will receive two different answers. Those who choose overpricing believe that sellers can get more for their property by simply asking for more money. Proponents of underpricing believe that you will generate more interest by asking less than comparable properties in your market, and if you get lucky, you could start a bidding war to elevate the price even higher.
Be Your Own Bank
With Federal Reserve officials calling for a gradual increase in mortgage rates over time, and this affects what buyers are able to afford. If mortgage rates keep rising, this will begin to affect affordability across the board. You can help potential buyers afford your Denver home by offering to finance the sale yourself. By financing the deal, you can make the monthly mortgage payments work for your buyer by offering a lower interest rate than they could get from a traditional lender.
Stage Your Denver Home
You always want to present your home in the best possible way, but this becomes even more important in a buyer’s market. Sellers really need to make their homes shine in order to generate interest and make their homes stand out against the competition. Be sure that your home is completely spotless from top to bottom, display clean towels in bathrooms and your kitchen, paint the ceilings white to increase light reflection and clear clutter.
Understand the Weather
You might associate weather with office small talk, but the topic of weather is much more important than this when selling your home. Extreme weather conditions play a part in home sales.
It may seem strange that a weather event could have an impact on home sales, but knowing that weather is coming can be a deciding factor for purchasing older homes, fixer-uppers, and anything with a roofing, foundation or plumbing problem. Be sure your downspouts are running free and clear, weatherproof your home and purchase a sump pump if your home has a basement to help protect against the weather.
Market to Millennials
When you sell your home in 2016, it’s a safe bet that your target audience will be people aged 18 through 34. Baby boomers will start to cash out of their houses, which will put more houses on the market. An improving job market combined with the increased inventory will enable more millennials to become homebuyers. Features like backyard decks, gourmet kitchens and vegetable gardens appeal to millennials.
While you can never know for sure what will happen in the future, you can use past cycles to help you predict what will happen with the real estate market. Be sure that your home is in the best shape possible before listing, and keep it show-ready at all times. Using this above tips can help you sell your Denver home more quickly in 2016.