
Land values, including
Plymouth NH property, continue to rise with some markets returning to, or exceeding pre-recession prices. Even with a slight decline in Plymouth NH real estate sales this year, it remains a seller's market, which has some homeowners thinking about selling their homes. Before
putting a home up for sale, several factors need considering. Not every home that goes on the market sells for the listing price and some do not sell at all.
Pricing yourself out of the market
Take into consideration the selling prices of other homes in your neighborhood. If the average selling price is $320,000, buyers will probably show little interest if you list yours for $500,000.
Even with home improvements that increase the home's actual value, pricing a home well above what others in the area have sold for can turn buyers away. If you plan home improvement projects specifically to increase your home's value before selling it, think small.
Large projects do not always have the best return on investment. Smaller projects that have the highest return on investment also fit the needs of today's buyer.
Curb appeal
Look at your home's exterior objectively. Is your roof approaching the end of its lifespan? Do the windows have a permanent glaze? Does the front door sag or gap?
Fixing any of these problems adds curb appeal and energy efficiency to your home.
Plymouth NH property owners who replace their roof before selling can get back up to 96% of their investment. Homebuyers often expect to spend money on improvements in kitchens and bathrooms but want a roof near the beginning of its lifespan.
By replacing old windows with new EnergyStar approved windows, you stop air exchanges while giving your home a face-lift. The same holds true for the front door. Plus, these small home improvements have the largest return on your investment.
For sale by owner
Selling a home may sound easy and profitable, but real estate can be confusing. A seller of Plymouth NHreal estate must know what buyers want. Sellers also need to learn the new guidelines and regulations mortgage holders must follow.
A seller must:
- Research property values in the area
- Know the school district, wage averages, job market and local points of interest
- Advertise the property for sale locally and nationally
- Understand escrow
- Know property tax and sales tax law
- Know financing and lending regulations
If you do not have the time it takes to properly market and sell your home, a
Plymouth NH real estate agent is just a phone call away.
Call us today for more information.