Tips for Home Sellers: Learn About the Local Housing Market

by Janie Schriewer 09/06/2020

If you plan to sell your home soon, you should learn about the local housing sector. By doing so, you can gain the insights you need to promote your residence to the right groups of buyers and optimize your home sale earnings.

Now, let's take a look at three tips to help you analyze the local housing market before you list your residence.

1. Check Out Available Houses in Your Area

For those who want to learn about the housing market, it helps to assess how your residence stacks up against other available residences. If you check out available residences in your city or town, you can gain real estate market insights to help you price your house appropriately.

If you find your home pales in comparison to other houses in your area, there is no need to worry. Remember, you can always upgrade your residence prior to adding it to the real estate market. And as a result, you can perform home repairs to ensure your house will impress buyers as soon as it becomes available.

2. Determine If the Housing Market Favors Buyers or Sellers

Differentiating a buyer's market from a seller's market is crucial. If you study the local housing market, you can determine if the real estate sector favors buyers or sellers and plan accordingly.

In a buyer's market, there may be many quality houses available that remain available for weeks or months after they are listed. Or, in a seller's market, buyers may be motivated to purchase houses as quickly as possible.

Regardless of whether you are operating in a buyer's or seller's market, it is paramount to make your home an appealing option to buyers. If you enhance your house's curb appeal, you could boost the likelihood that your home will stand out from other available residences. Plus, if your home boasts amazing curb appeal, buyers may fall in love with your residence right away.

3. Find Out What Makes Your Home Unique

Once you study the local housing sector, you can find out what makes your house unique. Then, you can craft a home listing to showcase your residence's distinct features to potential buyers.

Of course, if you need assistance as you try to promote your residence to buyers, you may want to hire a real estate agent. Because if you have a real estate agent at your side, you can get the help you need to navigate the home selling journey like a pro.

A real estate agent will teach you about the housing market in your city or town and ensure you can showcase your residence to the right groups of buyers. Best of all, a real estate agent is happy to respond to your home selling questions and help you make informed decisions as you navigate the property selling journey.

Want to learn about the local housing sector? Thanks to the aforementioned tips, you can perform an in-depth review of the housing market in your city or town and obtain the home selling insights you need to succeed.

About the Author
Author

Janie Schriewer

Welcome to the Janie Schriewer & Associates at RE/MAX Results. Janie just wrapped up her 30th year in the business & over that time has been adapting to the always-evolving Real Estate industry. In recent years she has added 2 members: Her Son Derek—Licensed Buyer & Technology Specialist, and Buyers' associate Melissa Kelley. We are all full-service REALTORS who can assist with selling your home and/or finding you your next home. The added professionals mean potential Clients have more convenience for showings & direct communication with Franklin County areas real estate Leaders. 

Communication is crucial in Real Estate & Janie leads by example for our team as she prides herself on availability to her clients. Whether you prefer texting, phone calls, emails, or instant messaging, Janie Schriewer & Associates can accommodate. Whenever you want to talk to us or work with a REALTOR, the Schriewer’s have the experience & care to offer the right advice for your situation. We know the intricacies of negotiating a deal from the original offer to the signatures at closing as well as alleviating all of the hurdles that may arise in between. We treat you just like family. We care about you and what is best for you. Call Us today. Thank you as always for friends, past clients and customers we love referrals. Talk to you soon.