There are almost as many ways to sell your home as there are Plymouth homes for sale. But if you want to get the job done quickly and effectively, with as little hassle as possible, your best bet is to do it through an agent. Here are six ways an agent makes it easier to sell your home.
Many sellers are being urged to list their homes without making upgrades based on the current housing market. But our real estate agents can tell you that wise sellers offering Plymouth homes for sale are maximizing their profits by focusing on two specific rooms: the kitchen and the bathroom. They'll be happy to discuss the return on investment potential from budget-mindful improvements to luxury remodels.
A full kitchen remodel can cost anywhere from about $10,000 to $25,000, but cosmetic treatments can cost just a few hundred. Many renovations recoup 60-80% of the investment when the house is sold. Before you invest unnecessarily in expensive upgrades when putting your house on the market, contact us to discuss the pros and cons of your remodeling efforts. We'll help you make the best choices to obtain the sales price you want.
A home inspection is a little like a first date. You might have butterflies in your stomach, frightful thoughts racing through your head, and you'll think of a million things that you forgot to do, or that can go wrong before you open the door. But, as with dating, there are some things you can do to sway the odds of a positive home inspection in your favor. By rolling up your sleeves and following these tips from our real estate agents, you'll pass your home inspection with flying colors.
Home inspections can be nerve-wracking, whether it's your first time or your tenth. Contact us to learn more about the steps we take to help ensure our clients are ready when the date of their home inspections rolls around.
Congratulations! What a relief that the house had sold, right? But our real estate agents know that as the excitement wears off, you're probably going to look around and suddenly realize that the hardest work lies ahead of you. The longer you've been in your home, the more daunting the task of cleaning before you go. But don't feel too stressed out. We've compiled a few tips to keep the process as simple as possible.
If you're planning to sell this year, you're probably thinking about what you'll need to do to get your house ready to appeal to the most buyers. It's crucial to work with a trusted real estate professional who knows your local market to get your home ready to sell. But there are a few things you should consider when deciding what to renovate and update before listing this season. Here are three things to keep top of mind as you're making your list of projects to tackle this year.
Housing inventory sits far below what is normally considered a balanced market. In fact, according to the National Association of Realtors (NAR), the latest data indicates inventory is hitting an all-time low. Because there's such a limited supply of homes available for sale, you're in a unique position when you sell your house to benefit from multiple offers and a quick process.
But you want to do so while buyers are still scooping homes up as fast as they're being listed. Spending time and money on renovations before you sell could mean you'll miss your key window of opportunity. Of course, certain repairs may be important or even necessary. The best way to determine where to spend your time – and your money – is to work with a real estate advisor to confirm which improvements are truly needed and which ones aren't likely to be deal-breakers for buyers.
Today, many buyers are more willing to take on home improvement projects themselves to get the house they're after, even if it means putting in a little extra work. A recent survey from Freddie Mac finds that:
". . . nearly two-in-five potential homebuyers would consider purchasing a home requiring renovations."
If more buyers are willing to tackle repairs on their own, it may be wise to let the future homeowners remodel the bathroom or the kitchen to make design decisions that are best for their specific taste and lifestyle. Depending on the structural condition of your house, your efforts may be better spent working on small cosmetic updates, like refreshing some paint and power washing the exterior to make sure the home stands out. Instead of over-investing in upgrades, the buyer may change anyway, work with a real estate professional to determine the key projects to tackle that will give you the greatest return on your investment.
Over the past year, many people made a significant number of updates to their homes. The most recent State of Home Spending report finds:
"Home improvement spending rose 25% year-over-year to $10,341. Homeowners who invested in home improvement did an average of 3.7 projects, up from 2.7 in 2020, . . ."
With more homeowners taking on more projects in the past 12 months, there's a good chance you've already made updates to your home that could appeal to buyers. If that's the case, your real estate advisor will find ways to highlight those upgrades in your listing.
The same is true for any projects you invest in moving forward. No matter what, before you renovate, contact a local real estate professional for expert advice on what work needs to be done and how to make it as appealing as possible to future buyers. Every home is different, so a conversation with your agent is mission-critical to make sure you make the right moves when selling this season.
In a sellers' market like today's, it's important to spend your time and money wisely when you're getting ready to move. Let's connect today so you can find out where to target your efforts before you list
Luxury Portfolio International recently released their newest study, "State of Luxury Real Estate", focused on consumers in the top 1%-5% income bracket of 17 countries, representing more than 30 million households. It was conducted by the Affluent Consumer Research Company, a full-service market research and voice-of-the-customer organization, specializing in high-income and high-asset consumers around the world.
Peabody & Smith Realty, as members of Luxury Portfolio, are proud to help share this study with you now - click here for your copy to read online or download and print.
Here are some key findings as reported by the study and Luxury Portfolio International:
The more than five-million-home gap between those interested in purchasing and those interested in selling creates a seller's market within the overall high-end residential real estate market. The implication of this lopsided market is near-term price increases and greater demand for new development.
Other highlights from State of Luxury Real Estate include:
The luxury customer is more interested in high-quality offerings and customer service than low price. The ultra-luxury segment values brands that feature corporate citizenship, reputation and loyalty.