Make Money On Your Home Sale This Year!
Real estate has been on a roll the last few years, and 2016 is shaping up to prolong that trend. According to the National Association of Realtors (NAR), home prices are still on the upswing thanks to increasing buyer demand and a shortage of available homes for sale.
That’s good news if you’ve been thinking about selling your home. There’s really no time like the present if you and your family are ready to make a move. Of course, before you start packing, there’s one question you need to answer first: Can you make more on your home than you paid for it?
Let’s look at a few signs that point to yes.
1. Is Business Booming in Your Neighborhood?
Ah, there’s nothing like the sound of business being built in the morning! What’s that? You don’t like waking up to pounding hammers and buzzing saws?
Well, what if we told you that’s the sound of money?
It’s true! Think about it: Businesses don’t open their doors in stagnant parts of town. They plant roots in areas with potential for growth. If new businesses are popping up all around you, your community’s destined for an upswing.
Need proof? A recent study found that home values in areas with a strong small-business core rose 54% more on average than those without one.
2. Neighborhoods Near You Have Spiked In Value.
Look for homes that have sold in neighborhoods near you. You can gauge which direction values are headed by comparing a home’s recent sale price with its pricing history. If neighborhoods near you are fetching more today than they did a few years ago, yours could do the same!
3. Your Real Estate Agent Says So
Ask Team Jantzen your experienced real estate agent to provide a free comparative market analysis (CMA) to get you started. We have the inside scoop on homes like yours that are either on the market or have sold in recent months. We’ll assess various factors for each comparable property, including:
- List vs. sales price
- Time on the market
- Square footage
- Home features and improvements
We will take time to walk you through the results so you understand exactly how your home stacks up to
the competition. With this information in hand, you can work with us to set a competitive price that’s based on fact, not emotion.