While it's true that the housing market has cooled somewhat, there is still time to take advantage of the increased value of your home if you plan to sell. But before you set an asking price, our real estate agents want to help you maximize your profits by considering the hidden costs associated with the sale. Here are a few expenses they consider to be some of the most critical:
While the hot seller's market of the last few months has begun to cool down, there are still many people out there looking for North Canton homes for sale or Akron homes for sale. Today's Ohio homeowners easily benefit from the great interest in the local area and meet qualified buyers.
Our real estate agents know you want to get the most value for your home and finish the sales process as quickly as possible. In fact, it's usually for the best when the sale is complete within 30 days. After the 60-day mark, buyers may wonder if something is wrong with the home.
Our real estate agents know it's never too early to get your home ready for market. If your plans for 2022 include moving to a new home in the spring, now is the right time to put a plan together so that your home is ready to go when you're ready to make your move. You can take the following steps now to ensure the process isn't overwhelming later.
Go Easy On the Cosmetic Upgrades
It's a seller's market, so you don't have to spend a lot of money to attract an offer. While you can still paint the walls of the main living areas and bedrooms a neutral color, you can skip the installation of pricey appliances, new windows, etc.
Is your house soon going to be added to North Canton homes for sale listings? Our real estate agents can tell you that two of the most important rooms in your house are the kitchen and master bathroom. These are areas where you spend a great deal of time at the start and end of your day. They're also the areas where buyers often look for bells and whistles. So, upgrading your kitchen and bathroom(s) to contemporary tastes and styles is a sure-fire way to add value to your home and charm house hunters.
A major kitchen remodel can lead the way in commanding higher prices by some margin. In fact, you could recoup between 62 and 70 percent of your total renovation costs when you sell your home. Kitchens, however, are the most expensive rooms to renovate. You need to plan your reno and choose the upgrades that make the most sense for your wallet and goals.
From the outside, it's easy for home valuation to feel like one big mystery. Even though you might be familiar with many of the ingredients that go into a home valuation, you might be wondering how your real estate agent mixes them all together to identify the right listing price for the home. Our real estate agents are here to provide an industry perspective and help you unravel the mystery of home valuation.
Understanding What Goes Into a Comparative Market Analysis (CMA)
Let's say you're trying to price a home to compete with other Akron homes for sale. A CMA is one of the most important tools that your agent will use to help determine the value of the home. By comparing the home with similar properties that were part of recent real estate transactions in the same market, you can find an asking price that fits that market. A CMA takes into account homes that are currently for sale, homes that have recently sold, and homes that were listed but didn't sell. The process works best when there are more homes in your market with a similar size, amenities, and features.
Adding storage to your home isn't limited to grabbing plastic bins and stacking them in the attic or garage. Innovative storage solutions enhance the aesthetic appeal of your home while cleaning out the junk drawer. Our real estate agents are familiar with some fun and nifty ways to add innovative storage options to your home.
Winter is typically a slow season for real estate transactions. With the holidays, family gatherings, and cold weather, the housing market usually plunges into hibernation, with sellers and buyers putting their real estate plans on hold until spring. However, this year's winter real estate market is shaping up to be different from what we're used to. The coronavirus pandemic saw the housing market grind to a near halt. But with the economy recovering, the 2020 holiday season could be an excellent time to sell your home. Here are some of the reasons why our real estate agents believe a holiday home sale could be more likely this year.