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What to Know in 2024 to Sell Your Home Quickly

While 2023 saw a slow-down in the sale and purchases of new homes in Grand Forks ND, things are changing in 2024. Mortgage rates are improving, and there’s new life to the real estate market. If you’re currently looking at new homes and need to sell your existing home, here are some things to keep in mind to help you sell your home quickly and for a solid price.

While it can vary from market and neighborhood, you’re likely to see more bidding wars once again. A solid home in a good neighborhood may potentially have multiple offers, with buyers increasing their bids, so discuss a strategy with your agent. While a high offer may be your first choice, make sure the offer fits into your timeplan, as well. There’s more room for sellers to haggle to receive a price and schedule that works for their specific needs.

Even if your home isn’t the object of a bidding war, you may not have to jump at the first offer if it doesn’t feel right. You also shouldn’t start decreasing your asking price right away. Your agent should have provided you with a solid asking price, so trust them and don’t start reducing your price in the first 30-40 days or you could lose out on a better offer.

Now that there are more homes on the market, you need to make sure your home is worthy of a bidding war. When fewer homes were on the market, buyers couldn’t afford to be as picky, but now you may need to make more of those repairs and updates to attract buyers who have more options now. Fortunately,the extra cost can quickly translate into more and higher offers. As well as making sure everything is in working order, updates such as light fixtures, flooring, and even landscaping can go a big way in improving the appeal of your home.

While now is a good time to sell, it’s also a good time to buy, before the market really heats up and more buyers appear on the market as competition for you as a buyer. Putting your existing home on the market now sets you up well to get in and purchase one of the new homes in Grand Forks ND before the market becomes even more competitive for buyers. To help you find your ideal new home in this changing market, contact Crary Real Estate today. We have both move-in ready and new construction homes to meet your budget, needs and schedule.

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This post was written by Crary Real Estate

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