How to Sell Your Home Fast and at Desired Price in Murfreesboro

So you want to sell your home fast and for top dollar?

So you want to sell your home quickly and for top dollar?No matter what the reason behind selling your home in Murfreesboro, it is a fact that buying or selling real estate can be a tricky financial transaction. You are selling your beloved home so you want best price for it. You also want to sell it fast to relocate to another home in another destination. Here are some ways to sell your property fast and at the price you have set for it.

Set the price right

There are many homes for sale in Murfreesboro, Tennessee and yours is not the only one available for buying for the buyers. You are emotionally attached to your home as you have so many memories associated with it. It is natural for you to think it is the best property available in the market. But your love should not dictate your decision when setting its asking price.By setting a price higher than the average price of similar properties sold and bought in your area recently, you only deter serious buyers. It is prudent to set the asking price in consultation with your realtor to attract high number of interested buyers.

Make it presentable for the buyers

Again, there are many homes for sale in Murfreesboro, TN, and you have to make efforts to attract buyers to your property. The best way to do this is to take a look at your house from the eyes of a prospective buyer first. This will tell you want to do to make it look attractive to someone who comes on a showing to find a dream home for his family. You will identify many shortcomings that need minor repairs. You must be ready to spend money on these repairs and renovations to make sure that your home sells quickly.

You need to give exposure to your property so that more and more buyers are able to see it.

You need to indulge in aggressive marketing

It is not enough to set the price right and clean the house and expect that buyers would come on their own to make offers. You need to give exposure to your property so that more and more buyers are able to see it. Your realtor will get the house listed MLS listings and include photos and videos to make buyers interested in your property. You also need to let this information pass on to all your neighbours and also put up a sign in your backyard  so that your house sells quickly.

For more information on selling your house and our Free Ultimate Guide to Selling Your Home or contact Team George Weeks directly at (615) 948-4098.

Rents Still Skyrocketing

Rents Still Skyrocketing | Keeping Current Matters

Zillow recently revealed that the 43 million renter households in the US spent $535 billion on rent in 2015. Aggregate numbers like these often make it difficult to truly assess a situation. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month.

The article made two important points:

1. Rents are increasing faster than the last several years:

 “Apartment rents increased faster last year than at any time since 2007.”

2. Rent increases are accelerating

“Another report from Axiometrics Inc., a Dallas-based apartment research company, showed that rents increased 4.7% in the fourth quarter compared with the same quarter a year earlier, the strongest year-end performance since 2005”.

Here is a graph to illustrate the rate of increase over the last several years:

Average Effective Rent in the US | Keeping Current Matters

 

 

Source:  Keeping Current Matters

Existing Home Sales Rebound in December

Existing Home Sales Rebound in December | Keeping Current Matters

The National Association of Realtors (NAR) just released their latest Existing Home Sales Report on Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.

While this is great news for the housing market, let’s take a look at one of the main reasons why there was such a large increase in sales.

As we explained last month, the implementation of the “Know Before You Owe” (TRID) initiative delayed some closings, pushing a portion of November’s would-be transactions to close in December.

“December’s rebound in sales is reason for cautious optimism that the work to prepare for ‘Know Before You Owe’ is paying off,” says NAR President Tom Salomone.

Lawrence Yun, NAR’s Chief Economist, had this to say about the surge in December sales:

“While the carryover of November’s delayed transactions into December contributed greatly to the sharp increase, the overall pace taken together indicates sales these last two months maintained the healthy level of activity seen in most of 2015. Additionally, the prospect of higher mortgage rates in coming months and warm November and December weather allowed more homes to close before the end of the year.”

The most important realization to come out of the report is the fact that inventory of existing homes for sale dropped dramatically from a 5.1-month supply in November to the lowest figure since January 2005, at a 3.9-month supply.

A normal market, where prices rise with inflation, is defined as having a 6-7-month supply of homes for sale. As you can see in the chart below, inventory levels in 2015 were at or below a 5.2-month supply for the entire year.

2015 Months Inventory of Homes For Sale | Keeping Current Matters

If inventory levels do not recover, this could be a challenge for sales moving forward as buyer demand remains strong and competition for the homes that are on the market continues to rise.

Bottom Line

If you are considering listing your home for sale in 2016, now is the time! With inventory levels at their lowest mark in over 10 years, listing your home for sale before the busy spring buying season will give you the most exposure to buyers and allow you to get the best price for your home.

 

Source: Keeping Current Matters