{"id":4156,"date":"2023-01-11T20:49:37","date_gmt":"2023-01-11T20:49:37","guid":{"rendered":"https:\/\/twolakeshomes.com\/3-best-practices-for-selling-your-house-this-year\/"},"modified":"2023-01-11T20:49:37","modified_gmt":"2023-01-11T20:49:37","slug":"3-best-practices-for-selling-your-house-this-year","status":"publish","type":"post","link":"https:\/\/twolakeshomes.com\/2023\/01\/3-best-practices-for-selling-your-house-this-year\/","title":{"rendered":"3 Best Practices for Selling Your House This Year"},"content":{"rendered":"

A new year brings with it the opportunity for new experiences<\/a>. If that resonates with you because you\u2019re considering making a move, you\u2019re likely juggling a mix of excitement over your next home and a sense of attachment to your current one.<\/p>\n

A great way to ease some of those emotions and ensure you\u2019re feeling confident in your decision is to keep these three best practices in mind.<\/p>\n

1. Price Your Home Right<\/strong><\/h4>\n

The housing market shifted in 2022 as mortgage rates<\/a> rose, buyer demand eased, and the number of homes for sale<\/a> grew. As a seller, you\u2019ll want to recognize things are different now and price your house<\/a> appropriately based on where the market is today. Greg McBride, Chief Financial Analyst at Bankrate<\/em>, explains<\/a>:
\n\u201cPrice your home realistically.\u00a0This isn\u2019t the housing market of April or May, so buyer traffic will be substantially slower, but\u00a0appropriately priced homes are still selling quickly.\u201d<\/strong><\/em>
\nIf you price your house too high, you run the risk of deterring buyers. And if you go too low, you\u2019re leaving money on the table. An experienced real estate agent can help determine what your ideal asking price should be.<\/p>\n

2. Keep Your Emotions in Check<\/strong><\/h4>\n

Today, homeowners are living in their houses longer. According to the National Association of Realtors<\/em><\/a> (NAR), since 1985, the average time a homeowner has owned their home has increased from 5 to 10 years\u00a0(see graph below):<\/em><\/p>\n

<\/a><\/p>\n

This is several years longer than what used to be the historical norm. The side effect, however, is when you stay in one place for so long, you may get even\u00a0more\u00a0<\/em>emotionally attached to your space. If it\u2019s the first home you bought or the house where your loved ones grew up, it very likely means something extra special to you. Every room has memories, and it\u2019s hard to detach from the sentimental value.<\/p>\n

For some homeowners, that makes it even harder to negotiate and separate the emotional value of the house from fair market price. That\u2019s why you need a real estate professional to help you with the negotiations<\/a> along the way.<\/p>\n

3. Stage Your Home Properly<\/strong><\/h4>\n

While you may love your decor and how you\u2019ve customized your home over the years, not all buyers will feel the same way about your design. That\u2019s why it\u2019s so important to make sure you focus on your home\u2019s first impression so it appeals to as many buyers as possible. As NAR says<\/a>:
\n\u201cStaging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door<\/strong>.\u201d<\/em>
\nBuyers want to envision themselves in the space so it truly feels like it could be their own. They need to see themselves inside with their furniture and keepsakes \u2013 not your pictures and decorations.\u00a0A real estate professional can help you with tips to get your house ready to sell<\/a>.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019re considering selling your house, reach out to a local real estate professional to help you navigate through the process while prioritizing these best practices.<\/p>","protected":false},"excerpt":{"rendered":"

A new year brings with it the opportunity for new experiences. If that resonates with you because you\u2019re considering making a move, you\u2019re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and ensure you\u2019re feeling […]<\/p>\n","protected":false},"author":1,"featured_media":4157,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/posts\/4156"}],"collection":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/comments?post=4156"}],"version-history":[{"count":0,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/posts\/4156\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/media\/4157"}],"wp:attachment":[{"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/media?parent=4156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/categories?post=4156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/twolakeshomes.com\/wp-json\/wp\/v2\/tags?post=4156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}