We are halfway through 2016, and our market is performing as predicted. Inventory overall has increased slightly in the 2nd Quarter, though pending sales are down for the Quarter and Year to Date, as well. Closed sales are down, also, by 2.1%, though our Days on the Market are down from 165 days to 138, which is a nice decrease. We have a 7.3 month supply of inventory, and we are seeing signs of strain in the market in property priced below $500,000. Supply is struggling to meet demand and sellers are seeing prices not seen in more than a decade. The market in 2016 is flat so far; however, there are many positives that show we are moving along well.
When you’re ready to sell your house, you begin to start thinking of the return on your initial investment. It’s best to start thinking about this well before you’re ready to sell to truly maximize your investment. Even if you aren’t thinking of selling until down the road, talk to your broker and see what the market in your area looks like. In addition, there are also some simple things you can do
It seems basic but this is probably the most important one. Maintaining your house is a sure way to keep the value of your home or even add to it. The more you keep up with roof, plumbing, electrical maintenance, the fewer problems you’ll have when the inspection comes.
First impressions last a lifetime and the first thing a buyer sees is your curb appeal. Landscaping, a new door, flowers, a little project can go a long way in the front of the house.
Interior Home Improvement
Taking on those big interior improvements can be daunting but rewarding. Redoing the kitchen or bathroom will surely help during the selling time but you don’t always have to set out to complete a huge renovation. You can do smaller project that will help when selling. Repainting the rooms, adding new doors or décor can all be manageable things when you’re ready to sell.