How to Sell Your Home in a Hot Market

Has your home been on the market for quite some time? There are several reasons that can delay a sale from pricing your home too high to not upgrading key amenities before placing your home on the market. Here are six tips for selling your home in a hot market.

Don’t forget about Home Selling 101.

When you’re in a hot market, your home is more likely to sell for a great price—even if it’s not in great condition—but it’s not something that you should fully rely on. Instead of being presumptuous about how easily your home will sell, expect it to take time to sell. Then, make sure you’re not forgetting the basics of home selling . . . and that’s the continual process of staging your home. 

Fairly price your home.

Hot markets simply mean the demand is high, but the inventory is low. This of course doesn’t mean your asking price should be through the roof. Make sure to consult your agent’s know-how when determining the asking price for your home using three factors: the local market, comparables and the latest selling trends. 

Upgrade the key amenities.

While you might not be in your home much longer, it is still in your best interest to upgrade the key amenities, especially if you’re looking to receive the full asking price. To find out which amenities need to be upgraded in your home, look to home comparables to see where you should and shouldn’t be modernizing. Key amenities could be on the lower end by upgrading your ceiling fans or kitchen faucet or as pricey as purchasing a stainless steel refrigerator.

Double-check your title. 

If there’s something wrong with the title on your home, this can certainly deter prospective buyers. Do yourself a favor and contact your title company to ensure that everything is squared away prior to placing your home on the market.

Get quality listing photos taken of your home.

Just because you’re in a hot market, doesn’t mean that you should overlook having attractive listing photos. Your listing photos are the first thing that buyers see since many look at homes online before visiting them in person. Declutter your home, stage it, then hire a professional photographer to take several quality photos of your home. 

Hire a personable real estate agent.

You’ve priced your home fairly, you have professional real estate photos, and you’ve upgraded key amenities in your home—now why isn’t your home selling? There’s a chance that your agent could be souring the situation. There can be agents that are unfriendly or just plain overworked. If your agent has these qualities, you may want to look to hiring a more vibrant, socially savvy agent.