Summer Home Selling Tips and Trends in DFW
Looking for home selling tips to find a buyer for your Dallas/Fort Worth area real estate quickly? You’re in luck. By taking current trends to heart and incorporating a few timing and listing tips, your home will find its next owner before you know it.
Looking for home selling tips to find a buyer for your Dallas/Fort Worth area real estate quickly? You’re in luck. Between a market that remained healthy while other areas of the country underwent housing declines and recent evidence that DFW real estate is hotter than ever, the odds are in your favor during this summer selling season and beyond. By taking trends to heart and incorporating a few tips, your home will find its next owner before you know it.
Mid-Year 2015 Real Estate Trends
Keep these trends in mind as you work toward selling your home in the near term.
- Supply versus demand equals increased housing prices. According to NTREIS, there are 15 percent fewer homes for sale versus this time last year, and median housing prices are up nearly 12 percent. It isn’t hard to extrapolate that less supply — and thus more demand — is leading to increased sales prices. Before listing your home, it may be prudent to pay for an appraisal to ensure you aren’t leaving money on the table.
- Momentum is key. The Dallas News reports that a new high was reached in June 2015 with more than 10,000 houses sold and predictions are strong for record-setting trends to continue. Unlike during market low times in 2010, sellers should have no qualms over listing now versus waiting for a better time — the better time is now.
Timing Is Everything
If given a choice, when would be best for you to move? Chances are other homebuyers feel the same way. While home sales occur throughout the year, certain times are more beneficial to quick home sales, including the months before the start of the school year and before the holiday season. The beginning of school and the holidays in general can be chaotic, so being settled in a new home beforehand can eliminate housing-related stressors. By taking that timing into consideration as you work to get your home ready to sell, you can best take advantage of buyer needs.
Create Buzz Ahead of Time
One of the newest trends in home selling is listing and advertising a property as “coming soon.” While these properties may have been discussed by savvy agents with potential buyers in times past, the art of placing “coming soon” signs in front yards and including these properties in ad displays is enabling the buzz to get out about a property shortly before the home is ready to list. And the pre-listing buzz can mean that a property is listed for far less time before offers are received.
The Art of the Open House
When planned thoughtfully and potentially used in conjunction with a “coming soon” campaign, an open house can get your house off the market far quicker than it took to get ready to list in the first place. No list of home selling tips would be complete without advice on finding the broadest audience possible to view your home. And with an open house that is scheduled strategically close to the listing of a property, sellers can reach two separate audiences: those looking for new listings and those browsing for properties to view in person without the hassle of scheduling a showing. When your house is well-staged, your agent is well-versed on the ins-and-outs of your property, and buzz has already begun to develop, you’ll be well-positioned to find a buyer straight out of the gate.
This summer, combine these home selling tips with current DFW real estate trends to get an edge on the market and be that much closer to closing.