Published January 26, 2024
How To Enter 2024's Real Estate Selling Market with Confidence!
It's 2024, and you’re still eager to sell your home. Whether it's relocation, an immediate need, or simply to get a better bang for your buck—even in 2024—your friends, family, and neighbors have most likely shared a LOT of tips for selling your home.
However, with the housing market being unpredictable, high loan rates, and unique local conditions, it's easy to become disoriented among all the advice.
Don't worry, we've gathered the best tips from experienced agents across the country to help you sell your home with confidence, even during uncertain times.
1.)Work with a Top Agent
You might think selling your house on your own using FSBO websites to save on commissions is a good idea.. However, it is important to note that the benefits may not outweigh the financial drawbacks when compared to what a licensed real estate agent in Louisiana can do for you. When dealing with iBuyers or other home-buying companies, you typically receive only 50%-70% of the market value. So, it's better to work with a Realtor who can help you get the best price for your property.
Experienced agents, who have likely dealt with similar situations before, understand what strategies work in a difficult market. According to the most recent HomeLight Top Agent Insights Report, while low inventory benefits sellers in many areas of the country, rising mortgage rates have had an impact on home affordability. Buyers are becoming more selective about their purchases as a result of these changes.
The most effective move you can make this year is to work with an experienced agent who knows the market and has the strategies to sell your home for top dollar. They must walk you through the entire selling process, including making improvements, creating listings, showcasing it, and evaluating offers.
2.) Make your home a top candidate for buyers
The real estate market continues to evolve in response to changing customer preferences, technological advancements and many other factors - 2024 is no stranger to it!
Staying current in your field can increase your influence and ability to help clients navigate the complexities of real estate transactions.
Here are some of the things that you can watch for:
There is a rising preference for living in quieter areas outside big cities, mainly due to the ability to work from home. This trend reflects a shift in lifestyle preferences, with homebuyers looking for more peaceful and spacious environments away from congested urban areas.
Moreover, another significant shift in home selling is the use of virtual tools such as Virtual Reality (VR) and Augmented Reality (AR) to explore homes without physically being present. This technology is becoming more popular, altering how potential buyers perceive and interact with properties.
Also, people are becoming increasingly interested in environmentally friendly homes that incorporate features such as energy efficiency and smart technologies. This trend reflects a growing awareness of how homes affect the environment.
If you’re looking forward to renovating your home because of this option, or if you’d simply like to have an updated AND sustainable home for yourself, check out our previous blog!
3.) Prepare your home for showing
A prepared seller will always be ahead of the pack. After you've made a listing agreement with a top local realtor and established yourself as a top prospect by ticking all the boxes above, it's time to get your house ready for the market!
Make sure to prepare your housing documents ahead of time (you can contact your Realtor about this), and to begin repairs to improve the general condition of your property. If it has been neglected for an extended period of time, getting it inspected may be beneficial. This manner, there will be no unpleasant shocks that could imperil the transaction during the under-contract period.
Finally, you must emotionally and physically prepare yourself to transform your property from a home to a desirable commodity by following these incredible steps!
From curb appeal enhancement to serious decluttering and preparing to move on to a new home, everything is required to motivate you and make you look forward to the future a little more.
Getting ahead of other sellers in a competitive real estate market requires more than just developing your living space; it's a strategic investment that will increase the value of your property when it comes time to sell. Proactively doing all of the stuff above not only makes it more appealing to potential buyers, but it also puts you ahead of the competition in the real estate market.
We would love to hold your hand through this process - visit www.thewilliamsteam.com/connect to take the first step toward staying ahead in the competitive real estate market!
