These days, one of the best places to be a home seller is in the Seattle area. We have a strong and diversified economy that is generating intense job growth, attracting employees from other areas of the U.S. and internationally, as well. Seattle is also attractive for international home buyers and investors. As a result, the housing supply and demand dynamics here is resulting in home prices steadily increasing.
With the strong housing market, now is a great time to list your home for sale. Here are a couple of things you can do to sell your Seattle home for a great price and to the right home buyer.
Determine your house’s worth
Before you sell your home, you should know just how much your home is currently worth. It enables you to do a couple of things. First, it can serve as a ballpark for your properties list price. Second, it can spur you to identify areas for improvement. Renovations and upgrades can increase your property’s market value.
There are many ways to get an estimate of your home’s value. Real estate listing websites such as Zillow offer tools like “Zestimate” which attempts to calculate home values using a complex computer algorithm. Take Zestimate’s estimate with a grain of salt, however, as it has a significant error factor. It was never intended to replace a comprehensive CMA done by an experienced broker.
The best way to get an accurate picture of your home’s market value is to work with a local, experienced real estate agent. Creating an accurate CMA is crucial in a successful marketing strategy. Overpricing or underpricing a property is a costly mistake.
Work with a local real estate expert
A local realtor is not only helpful in determining your home’s value. We’re with you, from the early stages of a marketing strategy through negotiations and the details of closing.
Use your goals as basis for the best time to sell
Thanks to the high demand for homes in Seattle, it’s virtually possible to sell your property any time of the year. Of course, some months are busier than others.
For instance: Seattle, however attracts the most home buyers from April to June. This period can also be an advantageous time for you, if you are selling a townhouse or a single-family home to families with school-age children.
Home sellers typically avoid listing their homes during winter, but you can also use this to your advantage. Less homes in the market means less competition and higher chances of attracting buyers to your property. Serious home buyers are still searching for their dream property during slower months. Like you, they know they have less competition during this period.
If you are working on a tight schedule, don’t put too much store in the seasons and align your timeframe with your goals.
Prepare your home for sale
Although Seattle is currently a seller’s market, a successful sales strategy still requires significant effort in prepping your home. Here are a few things you need to include in your to-do checklist:
- Get the house deep-cleaned
- Improve curb appeal
- Repaint walls
- Repair broken hardware, doors, windows, and storage
- Update outdated appliances
It is often said that bathroom and kitchen remodels can significantly boost your home’s value and increase its list price. However, it’s always recommended to get an informed opinion from an experienced broker before investing in a major remodel. Simple updates and repairs can go a long way.
Save for closing costs and other related expenses
Assuming you have owned a home in a desirable area of Seattle, it’s likely that you may have substantial equity. Selling a home, however also involves some costs, such as…the estimated selling costs will typically run about 8-10% of the gross sales price.
- Brokers’ commissions
- Home repairs
- Title insurance
- Escrow fee
- Professional fees
It’s highly unlikely you will have to shoulder all closing fees (which cost about 2 to 4 percent of the selling price). The buyer might pay for some of these, depending on the agreement. Some of these are also negotiable.
Learn more about selling a home in Seattle
Need more tips for selling your home? Bookmark this page. I’ll be updating this with more helpful home selling resources, from pricing your home correctly to home staging.
- Tips for an Accurate List Price of Your Home
- 6 Mistakes to Avoid When Selling Your Home
- Home Staging Tips to Sell Your Home Fast
Let’s explore what Seattle’s sellers’ market has in store for you
Browse my website for more information or get in touch with me today at 425-829-3417 or e-mail me at mary(at)marypong(dotted)com to start with your home selling journey in the Greater Seattle area.