While the housing market is constantly changing, the last few years have been a rollercoaster. In fact, 2021 was the "craziest, weirdest, hottest, most bonkers real estate market ever." Between multiple offers that drove home prices to six figures over asking and home buyers waiving the right to any contingencies, it was one for the record books. Unfortunately, where 2021 was tough for buyers, late 2022 into 2023 is shaping up to be tough for sellers.
The market is cooling fast. Between less demand and rising interest rates, if you want to sell your home, you have to have a home seller's agent who knows what they are doing. Here's how a seller's agent can help you sell your home faster and for more money, regardless of market conditions.
1. A home seller's agent will be able to provide you with a comparative market analysis.
This analysis will help you determine the right listing price for your home. If you list your home too high, it may sit on the market for months without any offers. A comparative market analysis considers recent sales of similar homes in your area to help you determine the best listing price for your home. Normally, a good home seller's agent will re-run this report monthly to ensure you are still positioned well for a sale. In a cooling market, however, your agent may need to do it weekly to stay ahead of the curve.
2. A home seller's agent will be able to guide you in preparing your home for sale.
First impressions are everything when selling a home, especially in a cooling market. You have to make a good impression on any potential buyers. Your agent will be able to advise you on making small changes that can have a big impact, from decluttering to make your home look more spacious to staging rooms to highlight their best features.
3. An experienced home seller's agent will know how to handle negotiations in a cooling market.
Once you receive an offer on your home, an experienced home seller's agent your agent will be able to help you navigate this process and ensure that you are getting the best possible price for your home. From counteroffers to inspections to repairs, there are a lot of moving parts when it comes to negotiating a home sale. Your agent will be there every step of the way to make sure that everything goes smoothly and that you keep that buyer on the hook through closing.
If you're considering selling your home, it's important to work with an experienced agent who can guide you through the current real estate market craziness. Do not go it alone. A home seller's agent can make all the difference when it comes to selling your home quickly and for top dollar. For more information, contact a home seller's agent near you.