I’m sure you’ve heard the buzz surrounding the current real estate market. If not, take a few moments to read this article and find out why 2020 is the optimal time to sell your home.
All markets are cyclical, whether it is the financial markets that can affect lending or the real estate market. These markets experience peaks, valleys, and unforeseen variables that can ultimately alter the direction of a market. Timing the top or the bottom is exceedingly difficult, if not impossible. Align yourself with a reputable and experienced real estate professional to provide a valuation of your home, the numbers might surprise you.
What does this mean? It does not mean you can forgo all the basic principles of real estate 101. To sell your home for top dollar you still need to present the home at its very best. This includes, but is not limited to, the following: Add a fresh coat of paint, not just interior but exterior painting is equally important. Declutter, remove excess clutter and make your house tidy. (Use the garage for storage). Spruce up the landscaping and curb appeal, add new rock, get the trees and shrubs trimmed, replace any dead or dying plants, and make sure the irrigation system is working properly. Service your HVAC, there is nothing that stalls a deal quicker than an AC unit that is not working or needs repairs. Deferred maintenance is the #1 killer to all real estate transactions. For years I’ve recommended clients get a home inspection before they go to market, this way you can repair all those minor items and catch anything that might be major before it costs you thousands or worse, costs you the SALE. Be proactive and not reactive.
Housing inventory levels in Maricopa County, and across the country, are at an all-time low. Couple the anemic inventory with historically low-interest rates and it has created the perfect storm, catapulting us into a RED HOT real estate market. If selling your home is something you have contemplated or are thinking of pursuing next year, you might rethink your timetable and strike while the iron is hot.
Associate Broker at Verrado Realty