The housing market in Frederick, MD is competitive and always changing. For the past couple years, prices have gone up, but such may not be the case in the future. If you’re looking to sell a house fast in Frederick, MD, you’ve got to stay updated with the latest real estate trends. Also, you’ve got to remember that home-selling tips which worked five years ago are probably irrelevant now.
At the end of the day, not all real estate advice is good advice. Sometimes, well-meaning friends and family members will share unsolicited advice based on outdated home-selling trends, and what they call “tried and true” might lead to disaster if you pursue it in the current market.
So if you’ve been wondering “how can I sell my house fast in Frederick, MD,” you need to throw the outdated real estate tips you’ve heard over the years out the window and familiarize yourself with relevant ones. In this article, we share some once-popular real estate tips that you should make every effort to avoid.
1. Spring Is The Best Time To Sell A House Fast In Frederick, MD
Often, many homes are sold in the spring, which leads home sellers to believe that this is the best time of year for selling a home. But spring isn’t the only season that’s ideal for home selling.
In fact, if your goal is to sell a house fast in Frederick, MD, you should make every effort to sell your home when there’s low inventory. The reason why is because if there’s low inventory, buyers will want your house more (as there’s not much else to purchase).
So, if you’re hoping to make a quick sale, look beyond spring and consider listing your home when the market is indicating it’s the right time to do so. This time could come in November, June, February—you’ve got to be ready to sell at any time of year.
2. You Must Renovate The Kitchen Before Listing Your Home
You’ve probably heard this before: The kitchen sells the home. While there is some truth to this, such doesn’t mean you should do a kitchen renovation before selling. Studies have shown such renovations don’t pay for themselves; instead 70% to 80% of the total renovation cost is often recouped.
Instead of doing a full-scale kitchen renovation, consider giving it a minor facelift for a fraction of the price. For example, you can replace old kitchen appliances with energy-efficient models and repaint the cabinet doors to give the space a refreshed look.
Alternatively, you can consider selling your home as is. At MD Cash House Buyers, we buy houses in Frederick, MD, and we won’t make you do renovations before selling. Connect with our team to receive a free, no-obligation cash offer on your home.
3. Accept The First Offer
There’s a common misconception that the first offer is always the best. While this might be true in some cases, it’s not always true. If you live in a hot market, your home is probably going to receive numerous offers. Therefore, you shouldn’t choose a lowball offer just because it’s the first one you receive. Instead, be ready to negotiate with buyers and keep your asking price firm if you have numerous offers on the table.
4. Open Houses Sell Homes
Contrary to popular belief, hosting open houses is NOT the best way to sell a home. Studies show that less than 5% of homes are sold at an open house. The truth is that open houses are beneficial for your real estate agent. At one, your realtor will have the opportunity to interact with more buyers, and some could become their clients eventually.
Be A Savvy Home Seller Don’t give into the hype by following outdated home-selling tips. Instead, do your research to know how the market is right now. This way you can be a savvy home seller.