home selling strategies

5 Strategies to Keep in Mind When Selling a Condo in Kingstowne VA

 

Homes for Sale in Kingstowne VA

 

This year is a great year for condo owners to sell their homes. Although home prices across the United States have seen a consistent rise in recent years, more and more buyers who want to downsize their homes still rush to buy homes for sale in Kingstowne VA because they want to take advantage of low mortgage rates.

 

If you are a condo owner and are thinking about selling your condo, this may be the best time to do so. However, selling a condo is not exactly the same as selling other types of homes so you need to take a lot of factors into consideration before making any decision.

 

Here are five important things you should keep in mind when selling your condo:

 

Know the DOM range for condos similar to yours

One of the first things you should do before deciding to sell your home is to look for condos for sale in Kingstowne VA that are comparable to yours in terms of unit type, floor location and square footage. Listings usually indicate the DOM (days-on-market) of properties, which refers to the number of days it takes for a property to find a buyer. By considering the DOM of homes similar to yours, you will be able to determine a reasonable timeframe for your condo to sell. 

 

Know everything about your condo

 

Condos for Sale in Kingstowne VA

 

If you want to sell your condo fast, you must be prepared to answer all the questions your potential buyers might ask. You may also need to review the HOA (homeowner association) rules to determine which parts of your unit you need to work on. HOA rules help you know which flaws fall within acceptable standards or need some improvements.

 

Decide which repairs or improvements are worthwhile

Since renovations involve money, you have to determine which improvements are worthwhile and which are not. Of course, you need to prepare your home before officially listing it, but you can’t just do a total makeover without giving it some thought. 

 

Try to reduce listing costs

While there are plenty of ways you can save on listing costs when selling a home, never skip the standard commission of a real estate agent. Having an agent to represent you in your transactions will make it much easier for you to find potential buyers for your property. Some of the ways you can reduce listing costs while working with an agent include staging your home yourself and hiring a contractor that can do repairs at a much lower rate. 

 

Reviewing the clauses in your buyer’s first offer

One of the most exciting things sellers look forward to when selling a home is receiving their first offer. Although receiving an initial offer for your property can be truly exciting, don’t get carried away immediately. Screen the clauses of the offer, especially the timeframe for the buyer’s obligations, closing adjustments and other addendums. 

 

Are you planning to sell your home in Kingstowne VA? Then contact me today at 703-431-3755 and I’ll help you get started! I am Amanda Davidson, Kingstowne’s top REALTOR!

 

In case you can not view this video here, please click the link below to view 5 Strategies to Keep in Mind When Selling a Condo in Kingstowne VA on my YouTube channel: https://www.youtube.com/watch?v=MCqK5f8g8PM&feature=youtu.be.

 

 

Should I List My Home In The Winter Or Wait Until Spring?

Is The Winter A Good Time To List My Home
 

 

A question I frequently receive this time of year from sellers is should I list my home now or wait until spring. My answer is it depends – the decision should be based on your personal circumstances and what the current market conditions are in the area your home is located.

There are a lot of sellers that think waiting until spring is best but, if you know you want to sell in the spring it is a good idea to contact your agent now and find out what the local market conditions are in your area.

What if very few homes are for sale? It’s proven that when there’s less of something available it sells for more money and homes are no exception.

The myth that homes don’t sell during the winter seems to continue and the truth is that’s just not accurate. Real estate doesn’t stop during the winter. I think because in our area it gets cold and people spend more time inside it causes sellers to think that it’s not a good time to sell. This just isn’t accurate and it may even be easier to sell between January – March than it is in June – August.
 


Things To Consider When Selling Your Home In The Winter

If you are going to sell your house listing in the winter can lead to favorable results. The holidays are over and life isn’t as busy as it was for the last month giving you a little more time to decide when to list your home for sale. Before you decide to list your home in the winter there are a couple of things to consider.

 

Inventory Is Often Lower In The Winter

Let’s think about how many sellers wait until spring to list. More homes on the market equate to more competition for your home. Inventory in Kingstowne and many other areas in Alexandria is extremely low right now. Fewer homes for buyers to choose from plays in your favor.

Homes that are listed in the winter often sell quickly and for an excellent price; all of which are factors to consider when determining if you want to list before April. All markets are local but, speaking on Kingstowne I have found listing just before the spring rush is a great time to sell.

Many sellers are convinced that winter is a bad time to sell and that impacts how many homes are on the market. There are also homes that never sold during the summer and even the fall that have been pulled from the market with the intent to be relisted. Some even state in the remarks they’ll be relisted in the spring.

Our MLS requires a home to be off the market for 90 days before the days on the market will reset and the majority of the sellers who withdrew their home will wait for the 90 days to pass to reset the days on the market.
 


Buyers Are Motivated In The Winter

Keeping the cold temperatures in mind and the overall decline in activity that comes with winter in our area – buyers who are out and about looking for a home during the winter are more motivated than many of the buyers who are out on a beautiful and warm spring day.

Buyers are working with their own agent and they know that winter isn’t the most popular time for home sales but, yet there’s a reason they’re still out looking. Maybe they’re relocating, they may be motivated by the recent decrease in interest rates, and they may have a life change that causes them to need a bigger or a smaller home. There’s an endless list of reasons they could be out looking but, it’s safe to say a nice day to cruise around and enjoy the beautiful weather isn’t one of them. They are serious about purchasing a home.
 


It Gets Dark Early In The Winter

You might be thinking what the heck does that have to do with selling my home. Once it gets dark it’s not a good time for a buyer to see a home. I’m not saying you won’t have some appointment requests after dark but, you’re far less likely to have late evening appointments during the winter than the spring and summer. When I’m representing a buyer I discourage showings after dark because without light you can’t truly see all of the home or get a feel for it.

Winter will provide you with a little more flexibility and peace of mind that you’ll be able to maintain your daily schedule, especially in the evenings than if you sell during the spring.

 

Corporate Relocation Peaks In January

Corporate transfers happen year round but, they peak in January. Buyers who are being transferred for work are not only on a set timeframe they’re also highly motivated. This won’t apply to markets where people don’t tend to be transferred to for work but, in our market, it’s definitely something to consider. The more buyers interested in your home the better, and knowing that January is the most popular month for corporate transfers can mean more potential buyers for your home.

 

Closing Thoughts

Real estate is local and every market varies so if you are trying to decide whether it’s best for you to sell your home during the winter or wait until spring you should consult with a local agent who has a proven successful track record selling homes in your area and who is someone you trust. Receiving the best advice based on your personal circumstances and local market conditions will ultimately help guide you on what decision is best for you.
 

Additional Resources 
Winter Curb Appeal Tips from multiple real estate professionals – article by Inlanta Mortgage

Tips For Winterizing A Vacant Home – article by RISMedia 

 

 

How To Make Your Home More Appealing To Buyers

How To Make Your Home More Appealing To Buyers

It’s the time of year that I’m frequently meeting with homeowners who are considering selling this spring. Each meeting varies with questions that come up with the exception of one and that’s always what can I do to make my home more appealing to buyers? Every seller understandably wants to know how to make their home standout and make buyers want to make an offer.

 

home exterior

 

There’s nothing I love more than when a seller takes the time to follow my advice doing the items that really make their home shine. Inventory is low in our area but, that doesn’t mean proper preparation isn’t imperative and the little details make a big difference. When your home makes the right first impression on buyers it will sell faster and for more money.

 

Donate and Purge
De-cluttering your home is something every seller has to do. You want your home to look spacious and organized; less is more. Buyers are easily distracted and having a bunch of items on your kitchen counters, bathroom vanities, in the shower, closet’s, under the bed and anywhere else you can think of that detracts from your home. Think about a model home as you go through each room in your house. You may even need to consider a storage unit – the garage and basement are not to be used for storage when selling your home. Every area needs to be ready to greet buyers and make the right first impression.

 

Keep It Neutral
Paint is the most common way to personalize a home 
but, when it comes time to sell personalized isn’t what you are going for. You want to appeal to as many buyers as possible and the best way to do that is neutral walls. Neutral doesn’t mean white, in fact you should stay away from white because it will make your home feel cold and uninviting. Stick to beige or gray tones.

 

kitchen interior

 

It’s The Little Things
When I mentioned above that the little details make a big difference I am talking something as small as a loose doorknob or kitchen cabinet handle or even just a burned out lightbulb. Every home has minor items that can easily be corrected and those little items add up in the eyes of a buyer. Go through each room and look for imperfections, pretend you’re a buyer walking through your home.

 

living room interior

 

Curb Appeal
Buyers see the exterior of your home first. I have a lot of buyer clients who drive by a home before contacting me for a tour. If they don’t like what they see from the exterior many never ask to see the interior. Pull the weeds, clean up any loose leaves, put some mulch down, and make sure the bushes don’t need trimming. Look at your front door, that’s where buyers are going to enter first. Does it need to be cleaned, painted, or replaced? Look at the gutters and roof to be sure they’re in show-ready shape as well. If you see shingles lifting or the gutters are loose have a qualified roofer in to repair them.

 

Select an agent with a proven successful track record and they will be able to go through your home with you and give you advice that’s custom to what your home needs. They have a trained eye on what to look for and recommend. Properly preparing your home to go on the market can’t be done overnight, it takes planning ahead and working closely with your agent. Allowing ample time to have your home show ready always pays off in the form of a faster sale for more money.

Additional Home Selling Information
Staging Your Home 

Prepare Your Home For Sale On A Budget