Posts in category 'Sell A Home'

If you're a baby boomer who's close to retirement or already retired, it may be time to sell your home. With current home prices at an all-time high and multiple buyers competing for properties, our REALTORS® are witnessing a seller's market that's booming. Downsizing right now may be a great decision for your golden years.

In Nassau and Suffolk counties, home sales are competitive. Buyers are flooding the market looking for properties that suit their lifestyle and finances. According to the National Association of Realtors, the median price for all types of homes has jumped 14.6% from prices just one year ago, especially in the suburbs where low inventory is pushing prices up even higher. If retirement is on the horizon, selling your home could provide many benefits.

Selling Your Home

Selling your home in such a competitive market can actually save you money. With so many buyers looking for homes, you may save money on home repairs and upgrades. You don't need to do a major renovation to attract interested buyers, just concentrate on necessities.

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With the chilly winter temperatures and short days, winter is a fantastic time to organize your home. If you're ready to put your home on the market, our REALTORS® recommend decluttering your spaces so that your home is more appealing to potential buyers. Here are a few tasks to add to your to-do list so that your home looks its best. 

1. Go Through Your Seasonal Stuff
   Start by going through your seasonal items, like holiday decor, yard tools, and weather-specific clothing. If you haven't used an item in the past year, consider if it's contributing to the life you want to live. Once you've pared down your seasonal belongings, store them in plastic storage boxes so that they'll be protected from the elements when not in use. Make sure to label what's in each box so you don't have to open several boxes to locate an item. Seldom-used seasonal items can take up a lot of space in your home and even make it appear smaller. If possible, transport the items to another location, like a storage unit or storage shed, when it's time to sell your home.

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You're ready to list your home among Nassau County homes for sale or Suffolk County homes for sale. Naturally, you're eager to present the best face possible for potential buyers. You've read a lot of online tips for getting your home ready, and you've talked to real estate agents about what to do. But now that you've made your decision, it's time to get serious about your presentation. You may be surprised to find some challenges to what you think would appeal to or turn off potential buyers. Here's what you should know.

What Buyers Will Like or Dislike About Your Home

1. Clutter
   You already know this. Clutter and dirt are real turn-offs for potential buyers. Be prepared to either clean your home to the max or hire to have it done. And keep it pristine; potential buyers will not appreciate that "lived in" look you're used to.

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Cold winter weather combined with holiday distractions typically makes this the slowest time of the year for the housing market. However, current market conditions point to this winter's "slow" season being super hot! 

Our REALTORS® have been busy helping buyers who are anxious to find the perfect Nassau County homes for sale while interest rates are low. Other factors, like pent-up demand and low inventory, have made this a great time to put your home on the market. Here's a closer look at the reasons why this holiday season may be the best time to list your home.

1. Low Housing Inventory
   In September of 2020, the total inventory of homes hit a record low of just 2.7 months of supply. At the same time, sales of existing homes were up 9.4%. Projections show that if sales continue at this rate, there's a possibility we could actually run out of homes for sale. 
   
   While this might not be great news for buyers, it makes now a very attractive time to put your home on the market.

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After preparing your home to add to the inventory of Nassau County homes for sale, you've accepted an offer. While it may feel like the hard work is over, you still have to make it through the home inspection. Unfortunately, it's common for real estate deals to fall through due to a poor home inspection. Here are a few tips home sellers should follow throughout the home inspection process. 

1. Leave Your Property During the Home Inspection
   While it's common for homebuyers to attend a portion or even all of a home inspection, our REALTORS® recommend that the home seller leave their home during the inspection. You're only going to be nervous and anxious watching someone spend hours combing your home looking for problems.
   
   Your presence may also be awkward for the buyer. Pack up your family (including your pets) and vacate your home during the inspection.

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