Selling in a Seller’s Market
A seller’s market means there’s more demand for homes than there is supply, and many cities have been experiencing a seller’s market since at least 2015–especially Nashville. In this market, sellers generally have more leverage than buyers due to a pool of eager buyers hoping to purchase a home. It’s not uncommon for a house to go for more than the list price or for properties to be picked up by all-cash buyers who can close faster. This tends to lead to competing offers and bidding wars. Additionally, these factors present challenges for buyers, who may also need to sell their current home quickly but also buy as quickly as their home is sold.
Regardless of if you are buying a home, selling a home or trying to do both at the same time, understanding the seller’s market will help give you an edge over the competition. Having a realtor to help educate and navigate you through multiple offers will ensure the same, as well. Our team is skilled at helping our clients with all areas of real estate. If you are interested in buying or selling in Nashville we would love to learn more about how we can help YOU. Take our quick survey here, or give us a call at 615.720.6926 today!
Seven Important Repairs to Make Before Selling a House
And while we are on the subject of a “seller’s market”, even though the market is leaning towards those interested in selling their homes you still want to be a smart seller and ensure that your home is in tip-top shape for buyers…without overspending on home improvements. After all, you won’t be around to enjoy the changes anyways, right?
Here are seven important repairs to make before selling a house to ensure every dollar you spend attracts a higher asking price.
• Fixed Damaged Flooring—The most important repair is to address scratched wood, outdated carpeting, or tired linoleum
• Fix water stains—No buyer wants a money pit
• Repair torn window screens
• Update grout
• Resuscitate a dying lawn
• Erase pet damage
• Revive an outdated kitchen—as easy as painting wood cabinets, updating hardware, or installing new countertops/appliances
Setting up your home for selling success doesn’t have to be expensive. Focus on the most important repairs and be sure to choose updates that get your home in selling shape while justifying a higher asking price. Happy selling!
We would love to help you navigate this seller’s market. Give us a call 615.720.6926.