It’s a seller’s market! Should you take advantage of it?
If you own your home, it’s definitely worth considering. But where do you begin? How do you know how much your home is worth and whether or not it makes financial sense to sell?
I can help you answer those questions in one of two ways. 1) a one-on-one complimentary consultation at a time and place of your convenience; or, 2) via a free, group presentation on Sat., March 11th in West Seattle.
My BHHS (Berkshire Hathaway HomeServices) colleague, Shari Kruse, and I will be co-presenters. Together, we have over 45 years of experience helping people just like you, buy and sell their homes. Our goal is always to get our sellers the most amount of money in the least amount of time, and we have a proven track record of doing just that.
If you are considering selling, the first thing you need to do is to get a professional CMA (comparative market analysis) from one or more experienced Realtors®. Not all CMA’s are created equal, however.
My preferred method is to use a two-step process. I make an initial visit to your home to tour your property and discuss your goals, then I go to work finding comparable properties to use in the written report I will review with you a few days later.
At the end, I will provide you with TWO suggested list prices.
The first is the price you should ask if you want to sell “As Is.” I.e. if you want to put your house on the market with little-to-no preparation.
The second is the price you can expect to get if you do a list of recommended repairs.
My presentation will also include a “Net Proceeds” sheet that will show you how much of a profit you can expect after paying off your current mortgage and deducting selling expenses.
It is rarely a good idea to do major remodeling just for the sake of getting a higher price. The chances of your tastes matching those of potential buyers is too low to justify the time and expense. Besides, most remodeling projects do not even re-coup their costs, let alone increase the value beyond that point.
Remodeling Magazine publishes an annual report called “Cost vs. Value.” It includes information about how much you can expect to spend on specific remodeling projects and how much of the investment you are likely to regain in resale value. The report even goes so far as to provide statistics that are geographically specific to various parts of the country, including Seattle. You can download the report here: Cost vs. Value 2017 – Seattle.
You undoubtedly have many, many more questions about the process of selling your home. As I said above, I am happy to help either one-on-one or by way of a group presentation.
Give me a call today to discuss your real estate needs. 206-708-9800.