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What You Need to Know Before Selling Your Home in 2024

Thinking of selling your home in 2024? 

It’s not just about putting a “For Sale” sign in your front yard and calling it a day. Navigating the real estate market can seem like a confusing process, regardless of whether you’re downsizing, upgrading, or simply ready for a change of scenery. It’s a big decision, and you want to make sure you get it right!

We’re here to guide you and help make selling your home a breeze. Here are the three best practices to keep in mind when you’re ready to sell!

1. 2024 is an election year

Election years can have an effect on the state of the economy and the real estate market in particular because of possible changes in consumer confidence, economic fluctuations, and policy changes.

According to a Redfin survey of more than 1,400 U.S. residents, approximately 22% of homebuyers and sellers said that the presidential elections have an impact on their decision-making process. However, the majority of Americans election results will be directly affected by their income, so it shouldn’t have a big influence on their decision to buy or sell a home.

Nonetheless, it’s important to stay informed, flexible, and prepared to grab the right opportunity. Staying informed and consulting with real estate experts can help you navigate the challenges of selling a home during an election year.

2. Pricing Your Home Correctly

Think of pricing your home as a target. Your goal is to aim directly in the middle: just exactly at market value, neither too high nor too low. A well-priced home in a sellers’ market may draw many offers, which might boost the sale price. On the other hand, a home that is overpriced could get fewer offers if it sits on the market for too long.

Working with a real estate expert with local market knowledge is essential if you want to price your home appropriately in a sellers’ market. With the market conditions and your home’s unique features in mind, they can help in determining what your ideal asking price should be.

Get a comparative market analysis (CMA) done by your Realtor to see how your home compares against other previously sold properties that are identical in size, location, and condition. By setting the right price, you can draw in more buyers, increase interest, and ultimately sell your home for the best possible price!

3. Strategy Matters

In order to sell your home quickly in 2024, you need to have a broad strategy that involves competitive pricing, effective marketing, and making your home look as appealing as possible to potential buyers.

In real estate, timing is everything. Creating a strategy can help you identify the best time to list your home, take advantage of the market, and maximize your chances of selling quickly and for top dollar. A real estate expert has the tools and skills necessary to help you achieve your real estate goals. They will guide you through each stage of the selling process and are knowledgeable about what potential buyers are interested in.

LET’S TURN YOUR HOME SALE INTO A SUCCESS STORY! From listing to closing, we make your home-selling journey smooth and stress-free! Contact us today.