The Houston real estate market has been about as consistent as oil prices and the weather lately! Let’s face it, if we are completely honest, 2017 was not a great year to sell a home. Houston was hit hard by unstable oil prices, and then Hurricane Harvey wreaked havoc the last quarter. It is tough to sell a home when buying activity drops to half of what we saw in the first two quarters of 2017. If your home sat on the market for 3-6 months with little activity, don’t feel bad–a lot of sellers experienced the same thing.
I received calls from a lot of anxious sellers last year, and although I would love to tell every seller that I have some magical potion to sell homes in any market, I prefer to be honest and up front from the beginning. While every detail like staging, photos, updates, and pricing made a difference, there were no guarantees that this would sell your home.
2017 was as upredictable as oil prices. It was not surprising to see a neighbor’s house go under contract with multiple offers while the one across the street sat with little showings. The “wow” houses continued to sell as well as homes priced under market. What creates that “wow” factor in a home? While every seller believes that they have the most beautiful home in the neighborhood (and they should), they may have missed all the changes in home design over the last 10 years. Below are some of the “wow” factors that could help a home sell faster in today’s market:
These tips will help your house sell faster in a down market. 2018 is heating up, so it may not be necessary to update and improve your house in the next few months, but a clean, fresh smelling home will always give a better first impression. Remember that buying a home is an emotional decision in most cases. A clean and well staged home has a better chance of giving a buyer warm fuzzies about living there.
Happy New Year! 2018 ended with more of a thud than a bang as both oil prices and the stock market dropped in December. The national media is predicting a potential recession in 2019, but I have to recall that typically the Houston economy and real estate market does not
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