TIPS FOR SELLING YOUR DC HOME IN 2023
Are you planning to sell your home this year and thinking that you have missed some "magical window" now that 2022 is behind us? After all, according to The Hill, home prices nationwide have increased by 15% since 2021. These were remarkable gains; home sellers are receiving 20-30 offers, and homes are selling at $200,000 over the initial asking price.
With interest rates now hovering at just over 6%, many home sellers wonder if these new market conditions and an economically ambiguous environment are conducive to real estate sales. However, as a real estate agent representing home sellers in Washington, DC, I am informing you that the beginning of the year will still be a great time to sell your house. Here are the tips I want to share with all home sellers in 2023!
PRICE EXPECTATION
Do not assume your home has appreciated an additional 15% over the last 12 months and be under contract in 48 hours with multiple offers over the asking price. As inventory increases, sellers now have more competition for buyers' attention. Either way, to best price your home, look at the recently sold properties in your neighborhood. Consider the Square footage, renovations, and lot size, among other factors. Setting the right price for your home can capture the attention of buyers and get them to visit and look at your home. Get our expert pricing advice for FREE.
TALK TO US ABOUT SELLING YOUR HOME
Sell confidently and talk to us! Here at Chris Hardgrave & Co, We always put our client first and be with you, protecting your real estate interest! As a realtor who worked and lived in Washington, DC, for over a decade, I understand your location, buyer trends, property packaging, and pricing. Our knowledge of the neighborhoods in the District allows us to market your home strategically.
UNDERSTAND YOUR HYPERLOCAL MARKET
There are a lot of details that go into a successful and smooth home listing. During our consultation, we will get you to know your market. Together we will review market trends in your neighborhood and competing neighborhoods in terms of home type, price point, amenities, transportation, and popularity. When I present our comparables, we will help you put your property value and target buyer into perspective. We evaluate your home's potential and discuss possible improvements and repairs so it stands out against the top-selling homes on the market. For example, if details like hardwood flooring or walk-in pantries are prevalent in your area, consider doing a home update before listing your home. We also recommend getting quotes from contractors to understand what kind of return on investment you can expect with these additional choices.
STAGE YOUR HOME
Staging your home should always be included in a listing. Buyers would want to see a property in its optimal condition. They want to see what kind of furniture compliments the lighting and imagine themselves enjoying a drink at the island bar. Staging is vital to selling your property and trading it for the highest price possible. And base on our experience selling houses all over DC, a professionally staged home sells anywhere from 5 to 20 times faster.
Buyers are beginning to look at homes online a lot, and you have a few seconds to catch their attention. You would want a handful of beautiful photos to make your home look like it comes straight from an Architectural Digest Magazine. We understand the tremendous value a professional stage home brings to a successful home sale. That is why we provide FREE professional home staging and design consultation to all our home sellers.
EMBRACE NEGOTIATION AND COMPROMISE
schedules will have a more challenging time selling their homes in 2023. This year the buyer has more options, looks at contracts more closely, and takes time. According to Forbes, the uncertainty of interest rates is one of the factors that has created confusion around the market. A homebuyer who is an existing homeowner is forfeiting a meager interest rate to buy a property. There is no rush to buy as quickly as before interest rates go up like there were over the past two years. This year be prepared to engage with and compromise with more seasoned, serious buyers who will do their diligence and may even purchase with cash.
In these changing conditions, you need a realtor like Chris, who has a great sense of how many days on-market homes near you are sitting, how to facilitate successful open houses, and who does his best to make your home stand out to buyers. Check our comprehensive plan on how we market and sell your property.
WHY SELL WITH CHRIS?
In these changing conditions, you need a realtor like Chris, who has a great sense of how many days on-market homes near you are sitting, how to facilitate successful open houses, and who does his best to make your home stand out to buyers.
Check our comprehensive plan on how we market and sell your property.
