Sell Your House in Scottsdale in a Hot Market
The Scottsdale real estate market has been fortunate enough to prosper despite the uncertainty of COVID-19, and it appears that the market will remain robust in the near future. You may want to sell your house in Scottsdale to capitalize on this boom.
The pandemic resulted in the loss of millions of jobs and significantly harmed the US economy. Despite this, the housing market has demonstrated incredible resiliency, emerging stronger than ever in 2020. Many people are trying to buy and sell property, fueled by increasing demand, rising prices, and dropping mortgage rates.
If you’re considering selling a house in Scottsdale, you should be aware of the steps required during a surge in housing costs.
Scope Out the Competition
You’ve heard it said that knowing your enemy is half the battle. That is especially true in such a competitive area as the Scottsdale real estate market!
If you want to sell your property in a surge, you’ll need to put in the effort to obtain as much market information as possible. Fortunately for you, information is readily available these days. Use all of the resources you have—you’ll need them. Analyze the descriptions, photographs, and language used to describe the houses that have sold for the best prices, and incorporate what you’ve learned into your listing
Visiting open houses is a simple yet essential component of your research. Figure out which homes are currently on the market in your region and pay them a visit as a possible buyer. When you’re talking to potential buyers or hosting your own open house, do the same thing.
Make Your Home Attractive to Buyers
Make any necessary repairs before putting your house on the market. Then think about renovations that could affect the speed with which your home sells and the types of buyers it attracts. Renovations to the kitchen will increase the value of any home, and installing a new HVAC system in a hot climate like Scottdale’s will pique a buyer’s interest.
Scottsdale is known for its immaculately maintained lawns. A Prospective buyer will be drawn to your home if it has the ideal curb appeal.
Get the Right Price
Scottsdale’s median price has risen significantly from $517,200 in December 2019 to $689,500 in May 2021. Pricing properties in this hot market can be challenging, especially if you live in one of Scottsdale’s fastest-appreciating communities. If you undervalue your home, you’ll be losing money. If you overprice your home, you may face appraisal concerns that threaten the sale.
Partnering with one of Scottsdale’s top real estate agents is a fantastic technique for locating the ideal listing price. Your realtor will perform a thorough Comparative Market Analysis (CMA), comparing the features of your house to those of similar, previously sold properties in order to arrive at a listing price. They can also contact real estate brokers involved in escrow sales to see whether prices in your market are rising or falling.