Is the seller’s market in Orange County slowing down?
In the past few months, selling your home in Orange County has been relatively fast and easy. Sellers have enjoyed a thriving seller’s market, but that might not be the case anymore. With 98 days being the current Expected Market Time for sellers, these days, selling your home might take a little more patience than it used to, and it’s all thanks to a more even market for buyers and sellers.
How to sell your home in a more balanced market.
When the market leans towards sellers, as it has been over recent months, sellers could successfully sell homes that needed lots of work and repairs, they were able to make it through a sale while giving few if any concessions and their homes sold quickly. But now that the market is starting to even out, sellers have to be a little more patient and mindful. Here are a few expert tips for selling a home in a market that’s slowing down:
#1. Pick the right real estate agent.
No matter what the market is doing, your best shot at selling your home fast and for the price you want is to choose the right real estate agent. The reality is that not every agent is made equal, and when the market is already on the slower side, you can’t afford to miss out on any viewings. So, take the time to do your research and find a Realtor you can trust.
#2. Get an understanding of the competition.
When the market is a little slower, it means that there are more homes on the market to compete with. In order to ensure that you get the best possible price on your home, and that you sell it as soon as possible, you need to first get to know the competition. A great way to do this is to go over the market analysis with your Realtor, which will allow you to see what other homes on the market are priced at, the homes that are pending sale and how much recent homes have been sold for.
#3. Think about pre-marketing your home.
In this day and age, with so many real estate listing websites, buyers can see how many days practically any home on the MLS has been on the market. The DOM (days on market), unfairly or not, makes an impression on buyers. If a buyer sees that your home has been on the market for days and days, it can give them the impression that there is something wrong in some way with your home. Pre-marketing your home gives you a chance to see how it will fare on the market before the DOM countdown begins. This way, you can make any necessary adjustments to the property or the listing before it’s actually put on the market.
Turn to The Estrada Agency to sell your Orange County home!
Are you thinking about selling your home? If so, the first step is to choose the right Realtor, and The Estrada Agency is here to help. Contact us today to get started!