However, this also means the competition is pretty high, so is spring really the right season for you to sell? It's certainly possible to sell your home at an optimal price if the proper preparations are taken, so let's take a look at a few tips.
Choose the Right REALTOR®
The first, and most obvious, step is interviewing the right REALTOR® to help sell your home. Finding someone who knows all aspects of your market inside and out is key, whether you're selling a single-family home, townhouse, or condo. This is where SIG Real Estate comes in (yes, we're going to toot our own horn here). SIG offers premium real estate experience with an exceptional understanding of the greater Washington DC area's real estate market. We specialize in the residential real estate markets in Washington DC, Maryland, and Northern Virginia. Whether your goal is a quick or profitable sale (or both), we have the knowledge to list your home for the most appropriate price. We're also experienced in marketing, staging, and negotiating great prices for our clients.
Because homes tend to sell faster than normal in the spring, an important step is to know what your plan is after selling your home, as this reality may set in quicker than you imagined. Discussing your financing options and whether you want to buy or rent another home after you sell is crucial. You'll want to sit down to prepare for this stage with your REALTOR®, as well as your bank and/or mortgage lender, and have this discussion before you list your current home.
Questions that may come up include:
Can you buy your next home without a contingency to sell your current home?
Will you be approved (or at least pre-approved) for a second mortgage if you buy your next home before selling your current home?
If you sell first, what is your backup plan if you can't find a suitable home to buy right away?
What will the budget for your next home be?
Are you okay renting (even temporarily) if necessary?
Get a Home Inspection Before Listing
While it's common for buyers to include a home inspections as a subject in their purchase of sale, many sellers don't think of ordering their own inspection before listing. But unless you know for a fact that every aspect of your home is in pristine working condition, it's not a bad idea to have a home inspector look through your home and point out any deficiencies (big or small) that might alarm any potential buyers before they hear about it for themselves. The agents at SIG Real Estate are usually aware of good home inspectors throughout Washington DC, Maryland, and Northern VA, so be sure to use them as a good resource.
The third step in making sure your home is up to par on selling at its best condition and for that you need a proper home inspection. Your real estate agent is usually aware of good home inspectors in the area, so be sure to use them as a good resource. And lastly, you need to be aware of your local spring market. Some spring real estate markets begin in late February/early March and others begin in the middle of April. The time you choose to list your home for sale is critical in the spring market. If you wait too long, it's possible you can miss that prime selling time frame.
Clean and Stage Your Home
You would think that cleaning your home before listing it would be a given, but you'd be surprised at the lack of effort that some sellers put into the cleaning of their home before showings. As opposed to just simply vacuuming the floor, or removing the clothes from your bed and taking the dishes out of the sink, consider the doing the following when cleaning up:
Wash the hand prints off your cabinet doors (particularly if they're white) so they can really sparkle
Clean the inside of your dishwasher and microwave
Scrub your toilets and tubs/showers
Dust the baseboard trims and blinds
Wash the windows
If you're worried that your furniture is not the best quality, consider renting some furniture (both indoor and outdoor, if applicable) and dishes for staging purposes. You might also consider a fresh coat of paint to spruce up your home. The SIG Real Estate team has more staging tips that can help you impress potential buyers during your showings.
The spring real estate market is a great time to be selling a home, but you'll need to be proactive and follow the above tips to ensure that your home sells quickly and for a high price!