WASHINGTON D.C., DC — People often think when summer winds down, so does the real estate market. But it can be a profitable time. Buyers with children want to get into new homes before the school year starts. All buyers want to take advantage of current low-interest rates. Selling your home can be a breeze if you follow these steps according to The Yi Team of Fairway Independent Mortgage.
Price it competitively. If you've had your house on the market since spring and it hasn't sold, chances are it's priced too high. Lowering the cost may seem like a tough pill to swallow, but it will yield more offers and ultimately get you what you want.
Stage it properly. Getting your home presentable is key to attracting house hunters. Make sure your realty team gets professional photos posted on their website and social media channels. De-clutter and remove personal belongings as well. Show off those wide counter spaces and perfectly painted walls so buyers can imagine their own belongings there.
Pay attention to interest rates. The Federal Reserve lowered rates in July. This affects short term rates which can influence mortgage rates. Lowering rates is a way for the Fed to stimulate the economy in a slump. Take advantage of this time and strike while the iron's hot. If you currently own a home, that value is going to skyrocket. If you're looking to buy, the time is now.
This article is sponsored by The Yi Team of Fairway Independent Mortgage Corporation.