Selling Your Raleigh Home - Why Spring is a Great Time to Sell
Spring is finally here in Raleigh, North Carolina. This is excellent news for Raleigh home sellers! Although the real estate market bottomed out across the nation in recent years, recent trends indicate that selling your home in Raleigh may be easier this spring than it would have been just a year ago.
Traditionally, Raleigh home sellers often wait until spring to put their home on the market for a number of reasons. Raleigh winters can be harsh which often discourages home buyers from getting out and looking for a new home. Spring in Raleigh, on the other hand, is a beautiful time of year, making it the perfect time for home buyers to get out and resume their search for their dream home. For Raleigh home sellers, the more buyers who are out looking, the better your chance for closing a deal and selling your home in Raleigh.
Experts tell us that that the inventory of available homes to purchase has reached its lowest point since 1999. The basic principles of supply and demand tell us that when inventory goes down, real estate prices rise. Buyer traffic is up as much as 40 percent from last year in some markets while supply has remained virtually unchanged. For a seller, this means that you may get more for your home now than you would have a few years ago. In fact, sale prices in Raleigh currently show almost a seven percent increase from the same time last year.
In order to take advantage of what is fast becoming a seller’s market this spring, Raleigh home sellers should consider the following tips:
- Check your home for damage caused over the winter. Plumbing problems and roof damage are two common issues that homeowner’s must address after a harsh winter.
- Give your home curb appeal. Spring offers the chance to really make your home standout by planting some colorful flowers and trimming up trees and bushes.
- De-clutter and stage the inside. Make sure the inside shows well by removing clutter, opening windows, and lighting some candles or filling the home with flowers.
- Price your home correctly. With rapidly changing market conditions, you need the assistance of an experienced real estate agent to ensure that you don’t price your home too high or too low. Setting a listing price too high means your home will sit on the market for months while starting out too low means you will miss out on profit that should be yours.
By properly preparing your home, and working with an experienced agent, selling your home in Raleigh this spring should be both enjoyable and profitable for a seller.