Nowadays the interest rates can be said to be rising "daily". If you want to sell your house, is now still the right time to sell? Can it still be sold quickly at a good price? The simple answer is Yes and No.
A few days ago, our team listed a single family house located in Campbell, which is the cute one I mentioned in this video. The timing of this listing coincided with interest rates hitting a new high of 8%, but our listing was not affected. After two days on the market, agents continued to take customers to view the property. During the two days of open house on the weekend, we welcomed groups of thirty or forty guests. And one week after it was put on the market, four offers were received, and the contract was quickly signed with a result that satisfied both the seller and the buyer.
Frankly speaking, selling a house now is definitely not as good as two years ago when interest rates were relatively low. But the secrets to our listing selling quickly and well are that we fully understand and apply the logic of selling a house in the real estate market, which are location, condition and price. I share them with you today. Please share with someone who you think might need it. I hope it will be helpful to you and your friends whey you think about selling.
First of all, let's talk about location. This point must be very familiar to everyone. A good location will undoubtedly attract lots of buyers. Therefore, in the house buying stage, if the budget allows, try to choose a good location. However, in the house selling stage, the location has already been determined, but our team will work hard in marketing to develop targeted marketing plans based on potential buyers. In a word, different locations have different features, and we will conduct customized marketing strategies based on the location of your home.
The second point is the condition of the house. During the two or three years when interest rates were relatively low, some sellers did not want to spend money on staging, or because they still lived in the house and it was inconvenient to replace the floors or paint the interior walls. However, they still got a good offer. But in the current period of high interest rates, it's wise for you to do some renovation before selling your house. The most popular house condition currently on the market is turnkey condition, which means move-in ready. To be more specific, it means that it looks like a model house. At the same time, there are no major repairs need to be done. For example, there's no foundation cracks on the inspection report. Therefore, our team will give you pre-market suggestions and provide you with some cost-effective renovation plans. As long as you agree after reviewing them, you can rest assured to leave them to us to make your house look brand new.
The third point is price. There are many factors to consider when determining pricing, and you will definitely need a realtor with strong professional knowledge to help you. I understand that when sell your home, you may feel a lot of reluctance, and you should think your house is deserved for a good price. I once said in a video that before I became an agent, I struggled with pricing when I sold my own house. I talked about the three major mistakes I made at that time. If you're interesed in that FSBO topic, please click the video to learn more. Therefore, when our team sets the price for a listing, we will explain our pricing strategy in detail to the client. We will combine several factors to make a comprehensive strategies, such as the market conditions, the existing listings on the market, the requirements and needs of clients, the future market trends and many other factors. Remember, your satisfaction is the goal of our service.
The process of selling a house is not easy, especially when it is your first time to sell a house. Not only have you lived in it for many years, but you also have many wonderful memories. But don't worry, our team will help you take this step smoothly and you will be ready to start the next beautiful stage of your life.
