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Navigate the Election Year Housing Market | Top 5 Ways to Control Your Home Sale

July 9, 2024

Navigate the Election Year Housing Market | Top 5 Ways to Control Your Home Sale

Sellers, feeling overwhelmed by the volatile real estate market? We're in an election year with consistently higher mortgage rates, and fluctuating buyer demands, which can make it tough. But don’t worry, there are five key aspects you can control to ensure a successful home sale.

**1. Presentation of Your Home**

First impressions matter. Enhance your home’s appeal by decluttering, staging, and making minor repairs. A well-presented home attracts more interest and better offers. Remember, you can’t change the market, but you can wow potential buyers with your home’s appearance.

**2. Pricing Your Home**

Setting the right price is crucial. Research the market, consult with your real estate professionals, and set a competitive yet realistic price. Avoid overpricing, which can lead to prolonged listings and eventual price drops. Also, be prepared to adjust the price if the market shifts after you put your house on the market. That can be a tough pill to swallow if you had your mind set on a certain price, but it may be necessary to get your home sold.

**3. Negotiations**

As a seller, you have control over several aspects of the negotiation process. Decide how flexible you want to be with offers. By staying informed about market trends and working closely with your real estate agent, you can negotiate terms that align with your goals and secure the best deal.

**4. Timing of Your Sale**

You decide when to list your home. While peak seasons like spring and summer attract more buyers, the best time to sell is when it’s right for you. Additionally, you can negotiate the timing of the closing, possibly arranging for a rent-back agreement to give you more time to move.

**5. Choice of Real Estate Professional**

Choosing the right real estate agent can make a significant difference. Look for someone with experience, marketing skills, and in-depth knowledge of the local market. The right agent will help you navigate the complexities of selling your home and maximize your return on investment.

Remember, stay focused on what you can control and lean in on your experienced team to make your home selling process as smooth and profitable as possible.

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