Are you still debating whether or not now is a good time to sell your home? With low housing inventory and low interest rates, your home could sell in record time. According to the National Association of RealtorsⓇ, we’re experiencing a hot seller’s market with homes typically selling within 19 days. Let’s take a look at which features are selling homes these days so you can sell your home quickly.
The obvious pre-selling prep tips hold true for anyone trying to sell their house: declutter, depersonalize, clean, etc. You can do all of the basic work that would sell a house pre-pandemic, but there are some specific features you should focus on when selling your home during this unprecedented time.
Do you remember when having a home office wasn't a big deal? Now we wonder what we would do without one. Working from home has become the norm for a large percentage of us, and creating an office space will make your house more marketable. Don’t have an office space? Time to convert the nursery, spare bedroom, sunroom, or whatever available space you have which can be converted. Staging it can be as simple as a beautiful desk and chair, some modern bookshelves, and great lighting. Homebuyers will be happy to see a designated office space vs. having to visualize how they would convert a spare bedroom into an office.
Office with desk, chair, bookshelf and minimal furnishings
Do you have an unfinished basement? Now is the time to finish it as buyers are looking for as much space as they can get out of a house. Homebuyers are looking to spread out in the house as they spend more and more time at home with family. Consult with 3-4 contractors to learn what can be done to make the most of your lower level space, the timeline and cost. Completing the lower level before putting your house on the market will lead to more interest from buyers.
Have you found yourself spending more time on your deck and in your yard since the pandemic hit? Most of us are enjoying our outdoor spaces more than ever before. Homebuyers will be looking for an outdoor space with a patio or deck, built-in grill, and possibly a sizable yard where they can social distance with small groups. Electric awnings, a simple upgrade, are also drawing attention from buyers. Hanging outdoor lights can make your backyard feel even more inviting. You might consider talking to your real estate agent about staging an outdoor movie area with a white screen, low chairs, and projector. Any of these backyard features will draw interest from homebuyers.
Girl playing in backyard with hose
Once you’ve updated your spaces, talk to your real estate agent about highlighting them in their marketing efforts. When your agent writes the description of your house, they need to include information about outdoor living and fully finished basements. If you’ve got an especially attractive yard, your agent needs to include drone footage in a home video to further entice buyers.
Now that you’ve prepped your house inside and out, it’s time to put it on the market. Talk to your real estate agent to make sure all of the improvements are highlighted in their marketing material. Photos need to be staged so buyers can feel what it would be like to live in those spaces (ex. food being grilled on the bbq and festive dinnerware on the outdoor table). All of this will lead to more buyer attention and a quick sale. Be prepared to find your next house because you might be closing on your current home in less than a month!