If you’re like many people in Whistler- the sight of FOR SALE signs popping up in each neighbourhood is certainly a temptation to sell your home too. With one of the strongest seller’s markets we have ever seen in Whistler it is truly a great time to put your home for sale. But just because the market is hot, doesn’t mean you are actually ready to put your home on the market. A good rule of thumb in real estate is, “when in doubt, stay out,” and although we don’t want to talk you out of selling your home (because there truly has been no better time to do so then now), we certainly want to make sure you are making the right decision for yourself, your family and your current situation. Here are three questions to ask yourself to determine if you’re ready put your home for sale.
Is Your Home Up To Scratch?
Just because the market is hot doesn’t mean you can put your house on the market, expect full or over asking price without giving your property the TLC it needs. The last thing you want is to miss out on achieving maximum sale price for small and inexpensive fixes that are easy to deal with. Examples of these repairs include chipped paint, holes in walls, rotten outdoor steps or a broken garage door. By fixing all of these pesky repairs you can expect higher offers for your home and eliminate delays with building inspections down the road.
Do You Have a Solid Pricing Strategy?
Developing a solid pricing strategy with your Realtor® is key to achieving the maximum sale price for your home. In a seller’s market well priced homes are snapped up in the blink of an eye. We are seeing many situations where sellers are not even reviewing offers until the property has been on the market for a period of time (at which stage multiple offers are commonly presented). It is important to know what comparable homes in your market are selling for and take into consideration the unique characteristics of your property (lot, aspect, construction type, age, etc.) when setting a price for your home.
What Is Your Exit Strategy?
Once your home is listed for sale expect it to sell quickly. When this happens, do you have a plan on what your exit strategy will be? Do you intend to buy a home in the same market? If so, researching current properties for sale, getting your mortgage pre-approvals and potentially submitting an offer on your next home is recommended. If you are relocating to another area have you looked into the local real estate market, explored job opportunities and researched schools if you are moving with a family? Due to the fast-paced real estate market it is important to consider all of these things before listing your home for sale.
If you can answer all three of these questions with confidence, it may be time to put your home on the market. For a free market comparison to determine what your property is worth and to take the first steps towards selling your home contact Dave Burch today.