In February, the Virginia Association of Realtors reported a 5.5% increase in home sales, but the median sales price declined. This trend suggests that demand for homes will remain strong, especially while interest rates remain low and inventory remains high. Still, selling a home can be a stressful experience – there are so many moving parts to take care of! Follow these five tips to make the process less stressful.
Choose the Right Time to Sell
Selling a home can take months in Fairfax County, VA. However, there are times when you need to sell quickly and get your money back. It can be difficult to decide when to sell a home when the current market is not favorable. There are also times when selling a home can be easier than you think.
Understanding seasonal trends in the housing market is one of the first steps to selling a home. The decision to sell a home is often personal, so you will need to consider your personal needs and financial situation, as well as market conditions in your neighborhood. For example, springtime is traditionally the best time to sell a home. This is because homes tend to sell faster and for higher prices during this time.
Before deciding on the best time to sell your Fairfax home, consider the type of property you’re selling. First-time buyers, for example, can benefit from VA loans. However, many struggle to save money for a down payment or get pre-qualified for a mortgage. This can leave many potential buyers out of a competitive housing market.
If you’re selling a house for cash, you’ll want to make sure it has a favorable price. Many buyers start their search online, so it’s important to invest in good photography. You won’t get as many offers if your photos are grainy or low resolution.
Some home sellers have deadlines for selling their homes. They may be moving due to job loss or trying to enroll their children into a new school. If you have to sell your home quickly, make sure you leave enough time to negotiate a contract. You’ll want to give yourself at least 21 to 45 days to complete the sale. If you need extra time to sell your home, you can negotiate a settlement date or offer seller rent back to the buyer.
Another factor that affects selling a home is interest rates. A low interest rate will attract more buyers and drive up prices. But if rates rise, the demand for homes will decline.
Find the Right Real Estate Agent
Whether you’re looking to sell your Fairfax County home quickly, or you want to get rid of it for a lower price, there are a variety of options available to you. Regardless of your reasons for selling your home, it’s important to find the right real estate agent to help you get the job done. A real estate agent can make the process easier and save you a lot of time.
There are two main types of agents you can use to sell your Fairfax home. The first option is discount real estate agents, which charge as low as 6% of the sale price. This means that if your house sells for $500k, a listing agent will pocket $30,000 in commission.
The next option is to work with a local agent. Northern VA agents will often sell homes in as little as 30 days. However, in some cases, it may take longer. If this is the case, it’s important to discuss specific issues with your agent.
If you don’t have the budget to hire a full-service agent, you can use Craigslist or other online sites. While these options don’t have the same level of expertise, they are often cheaper than full-service agents. However, make sure that your realtor is a full-time professional. You don’t want to get stuck with someone who has only sold a home in the same subdivision twice in the last two years.
Professional realtors know the market well and can spot problems and advantages in homes. They are also able to provide advice when choosing to sell your home on your own or list it on the market. Clever connects you with the top realtors in your area.
Before a real estate agent begins marketing your home, be sure to sign a listing agreement. This contract will explain what the agent will do for you and how they will market it to potential buyers. The contract will also outline the disclosures you must provide to prospective buyers. In Virginia, the seller disclosure requirements are less strict than in many other states. The Code of Virginia SS 55-700 only requires a very small amount of disclosure, but it does provide warnings to prospective buyers to look into the property’s condition before making an offer.
Remove Clutter and Personal Touches
One of the best ways to prepare your home for sale is to remove personal touches and clutter. As a homeowner, you may have accumulated more stuff than you originally planned. This clutter may include things from garages, extra bedrooms, and sheds. All of this clutter can impede the sale of your home.
Home buyers need to be able to picture themselves living in your home, so you should make sure to clean every room thoroughly and remove personal touches. You can hire an external cleaning company to do this for you, or you can do it yourself. You can also rearrange your furniture to make it more spacious and organize bulky items. Having too much clutter can make a room appear smaller and less inviting.
One of the best ways to get top dollar for your home is to declutter. De-cluttering will make your home appear more spacious and will ease the selling process. Keeping high traffic areas free of clutter is crucial. Also, you should thin out closets and remove anything that isn’t essential. You should also remove any plants that are unsightly. Finally, you should put away all personal items, including photos.
Decluttering your home will not only help your home sell faster but will also increase the value of your property. De-cluttering your home will also allow buyers to visualize themselves living in your home. By removing your personal belongings and unique pieces of furniture, potential buyers will have a more positive view of your home. A cluttered home will not only make your home look smaller, but it may also make it seem uncared for. Potential buyers want to see their own things in the home, and de-cluttering your home will allow them to visualize it as their own.
De-cluttering will also make it easier to paint the house. Neutral colors will be more appealing to buyers. Don’t use strong colors, as they can give the impression that you’re still working on it.
Make Inexpensive and Easy Fixes
Whether you are selling your Fairfax VA home or looking to rent it out, there are several quick and inexpensive repairs you can make to improve its appeal. A home buyer will notice the exterior of a home first, so make sure it is clean and well-maintained. While it may be too late for major renovations, consider sprucing up windows and repairing broken items. Likewise, paint the house and replace old door handles.