4 Must-Know Tips for Sellers in 2016

1. List during prime-buying season. Realtor.com®’s data shows that the prime homebuying season usually begins in April and reaches a peak in June. “Sellers wholist their home during the prime spring and summer months benefit from a largerpopulation of buyers and potential bidding wars, which often result in higherprices and faster closings,” according to realtor.com®’s report.

2. Price to sell. Home prices nationwide are expected to rise 3percent year-over-year, with a few markets like Stockton, Calif., and Las Vegasexpected to see a whopping 10 percent increase this year alone. Home sellerswould be wise to take their local REALTOR®’s advice to price their homeadequately for the market and based on comparables.

3. Consider an incentive. Is there something extra a seller could throwin to entice buyers? Sellers who are open to negotiate beyond just price mayfind more success in hooking a buyer. Thirty-seven percent of all sellersoffered some type of an incentive last year.

4. Sell in California. The Golden State is being singled out ashaving the most markets that will likely tilt in sellers’ favor this year. Jobgrowth, rising home prices, and limited inventories are boosting housingmarkets in the state, most notably in Stockton-Lodi; Bakersfield, Calif.;Fresno, Calif.; and San Jose-Sunnyvale-Santa Clara, Calif., according torealtor.com®.

Article excerpt from Realtormag.realtor.org

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