Top Tips for Sellers in 2016
Are you looking into selling your home and getting your much-awaited return on investment this 2016? Jonathan Smoke, the chief economist for Realtor.com, says that “the 2016 housing market is forecasted to be mainly a seller’s market, filled with increasing home prices, relatively low inventory and fierce competition between buyers.” It looks like this year is, indeed, the perfect time to sell real estate in Austin. To help you make a successful sale out of your property in Austin, Realtor.com and Cain Realty Group brings you the Top Tips for Sellers in 2016:
Join the Prime-buying Season
In a Realtor.com report, researchers found that sellers who “list their homes during the prime spring and summer months benefit from a larger population of buyers and potential bidding wars.” Selling your home in Austin during the prime home buying season, which usually begins in April and reaches its peak in June, often results in higher listing prices and quicker closings. Therefore, it is wisest to seek an agent before the season starts to help you take advantage of this wonderful selling opportunity and sell your home more quickly.
Increase Your Selling Price
Realtor.com expects that home prices all over the U.S. will rise by 3% annually, with some markets actually seeing a 10% increase this year alone. If you would like to sell your home at a higher price, then you have to find an agent who can help you adequately price your home and strategically offer it to buyers in your area. You can’t afford to play guessing games on how you will price your valuable investments—work with a professional who can give you the best price and highest possible return.
Offer Incentives to Buyers
Did you know that over 37% of sellers offered an incentive alongside being open with negotiating their selling price last year? This is a new trend in listing properties—throw something extra for a buyer and you are more likely to close a deal compared to a seller who is not offering any incentive with their listing.
California “For Sale”
If you have property in The Golden State, then it might be a great idea to have that property listed this 2016, as the California market has been singled out to be the most favourable for real estate sellers this year. Job growth, rising home prices, and limited inventories are the reasons why the housing market in California is enjoying a nice boost, especially in the areas of Bakersfield, Fresno, Stockton-Lodi, and San Jose-Sunnyvale-Santa Clara.
For more details about the current trend in California, you may visit the news article originally published at Move Inc. For a complete buyers and seller’s top tips list for 2016, you may read the original Realtor.com post here. If you need help with listing your home in Austin to take advantage of the promising year ahead, get in touch with Cain Realty Group today by clicking the link. We’d love to hear from you!