In today’s competitive housing market, preparing your home for sale is more important than ever. Understandably, sellers are hesitant to invest in updates they won’t benefit from directly. However, smart, strategic improvements can make a big difference in attracting buyers and boosting your home’s value.
To help guide you through this process, Florida Realtors has created the infographic below with practical tips to get your home market-ready.
The National Association of Realtors (NAR) recently stated that home sales could see a slight increase this year. If mortgage rates drop to 6%, next year could bring double-digit growth. According to NAR’s new Market Statistics Dashboard, mortgage rates around the 6% mark could trigger more than half a million additional home sales.
While putting your best foot forward is important when selling your home in today’s market, some tasks make more of a difference than others. The infographic from Florida Realtors below should point you in the right direction.
The movement we are seeing in the categories in the graphic below for Sarasota County appears to largely be an amplification of what we are seeing in Manatee. The market is even stronger on the lower end, and weaker on the upper end. Overall, this summer may be the best one we have had in years to purchase in Sarasota County. However, that doesn’t mean buyers are in the driver’s seat. It just means that sellers have to realize they don’t hold the cards that they used to hold. I believe that meaningful negotiations can produce very good outcomes on both sides. The infographic below from Florida Realtors contains more information.
The upward trend in inventory appears to be stabilizing in Manatee County. The market is still hotter at the lower end than the top end, pushing the median sale price down. However, it appears that the future market for at least next few months (our traditionally slower season) will look a lot like the market we have now. That means that transactions can get done in a reasonable manner whether you are a buyer or seller. The infographic below from Florida Realtors contains more details on the latest results from May.
