If you’re thinking about selling your house, know that buyers are ready and willing to pay today’s high prices—but only for homes that are move-in ready. As Redfin explains:
“Buyers are still out there and they’re willing to pay today’s high prices, but only if the house is in really good shape. They don’t want to spend extra money on paint or new appliances.”
Considering the high costs in today’s market, buyers often can’t afford additional upgrades after purchasing a home. Therefore, if your home is outdated or needs work, buyers might overlook it or offer less than your asking price.
Currently, many homes are entering their prime remodel years (20 to 39 years old). If your house is in this category, consider making strategic updates to attract buyers and sell faster. But how do you decide where to invest your time and money?
Why You Need a Real Estate Agent
A local real estate agent can help you make informed decisions about upgrades, ensuring you invest in improvements that yield high returns. As Bankrate advises:
“Before you spend money on costly upgrades, be sure the changes you make will have a high return on investment. It doesn’t make sense to install new granite countertops, for example, if you only stand to break even on them, or even lose money.”
A good real estate agent will understand what local buyers expect and help you determine necessary improvements versus unnecessary ones. They will guide you on which changes will make your house more appealing and valuable to potential buyers.
Bottom Line
Selling a house today requires more than just listing it. You need to ensure it’s in excellent condition to attract buyers who are willing to pay high prices. Make smart improvements to get the best return on your investment by working with a local real estate agent. They can provide valuable insights into what buyers are looking for and what your house needs before selling.