For the past year or more we have been telling readers now may be a good time to sell. The market statistics prove that, and yet not everyone is doing it, including Realtors. This year I took my own advice and decided to make a move.
It’s not that we were unhappy where we lived. It was a great neighborhood and a great house. Our needs changed, and this market provided an opportunity that was too good to pass up. If you love your home and your needs have not changed, you don’t need to sell just because there is an opportunity. But if you have been thinking about what a move would look like to better your situation, the opportunity is there.
Took My Own Advice
For us we had 4 children, and the last is graduating high school this year and moving on to college. My wife and I do not need a 5-bedroom 2 story home for just the two of us. We were torn because we loved the community so much.
We put in a contract at a new home community. That home is schedule to be built this year. Later we listed the home we lived in and it sold within 9 days. The buyers are thrilled with the home and we were able to jump into a rental that opened while ours is being built.
Not only did we get a good price for our existing home, but our future home has also already gone up $27,000 in price since we signed the contract, and they haven’t even broke ground yet. This market is a win/win market for buyers and sellers.
Sellers get to take advantage of Top Dollar. Buyers also win, because home prices are rising, and about a week after they move in the home is worth more than what they paid for it. In fact, many times it is worth more before they close.
Values Are Changing by the Week
Our home for example appraised for $20,000 more than what we sold it for. You might say how did you sell it for Top Dollar but below appraised value? After we signed the sales contract with new buyers several comparables closed which pulled the value higher. It is a fluid market and values are changing by the week.
Do you know what your home is worth in today’s market? If you have not had a thorough market evaluation and tested the market, then you really don’t know. In the absence of sales data, we have been forced to put homes on the market at prices higher than any recent sales. Then along comes several buyers we attracted through our marketing, and it sells for even higher than list price.
The market is setting new valuations right before our eyes, and the only way to get top dollar is to put the property on the market and market it. We may set a price higher than the last sale and the market may scoop it up anyway, and then some. They key is attracting multiple buyers.
Best Way to Determine Market Value
May times a seller has a tenant or family member that wants to buy their home. They get an appraisal to find out the value. But is that really the value? An appraiser is looking at yesterday’s value because all they can work with is what has happened in the past. They do not consider what is happening today, and what will happen next week when we place a home on the market.
If you own a home and want to explore your options, call Sande or Brett Ellis at 239-310-6500 Our marketing is different, and we can show you how to maximize the sale of your home. You’re going to need it where you’re going, so why not get it?
We can even help you with your next home. Or visit www.SWFLhomevalues.com to get an idea of what your home is worth. Our website will even email you your new price every month so you can keep track.
Good luck and Happy Home Selling! Always call the Ellis Team at Keller Williams Realty for Top Dollar!