There are many ways to get your home sold in less time. One option is to price your home lower to attract more interest. However, it is important to keep in mind that a staged home sells more quickly than an unstaged one. While this may seem like an unrelated tip, pre-sale inspections and appraisals can be invaluable to your home’s sale. You can also avoid paying commissions by choosing a real estate agent that buys houses in the Montgomery County area.
Staged homes sell 73 percent faster than non-staged homes
According to a new report, staging a home can increase its value by up to 10 percent. Home staging is an increasingly popular option among sellers and buyers alike, and the findings have been backed by research. According to the staging firm, “a staged home sells seventy-three percent faster than a non-staged home in Montgomery County.” Those numbers are impressive, but the question is: how much should you spend on staging? Here are some tips:
Pricing your home lower to attract interest
In Montgomery County, the homeownership rate dropped by four percentage points from 2009 to 2018. The drop in homeownership was only among households earning more than $150,000 per year. During the recession, home construction was at a standstill and has only recently begun to rebound. This has created such a shortage of homes that the Metropolitan Washington Council of Governments recently called for an aggressive ramp-up in housing production. It is urging governments to approve at least 320,000 housing units by 2030.
Pre-sale appraisals help
Appraisal values are based on recent sales of comparable properties in your area and current market trends. In addition, the quality of your home is assessed based on its amenities, square footage, and floor plan functionality. Most appraisals use the Uniform Appraisal Dataset, which was developed by Fannie Mae and Freddie Mac in 2010. The UAD gives a numerical scale of Q1 to C6 for quality and condition. A Q3 is considered the highest quality.
While some people may think that home inspections are an unnecessary expense, they are actually a blessing. A home inspection not only enables potential home buyers to see the condition of your home before purchasing it, but it also gives you peace of mind. Performing a pre-sale inspection before listing your home also helps to prepare for the closing process, as the inspector can point out any major problems with the house that will impact the sale price.
Showing your home to potential buyers
There are several steps to selling your home. You can use these steps to help get your home ready for viewing by potential buyers. The first step is to make sure that the home is clean and free of clutter. A professional Realtor will advise you on how to prepare for this step. The next step is to contact a real estate attorney in Montgomery County, MD, and have him review the contracts.
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