If you have been thinking about selling your home, 2020 is a great time to go through with it. Although the housing market isn’t quite on fire the same way it was in years past, experts believe that while housing prices will continue to rise, it will be at a moderate pace. Since inventory of homes for sale seem to be on the decline nationally, this means 2020 may be the ideal year to put your home on the market as you may have a lot of eyes looking at it.
While you may be thinking to wait 5 or more years down the road to sell, if you plan to sell your house soon you may want to consider doing it in 2020.
Pay attention to curb appeal
Most buyers decide whether they are interested in a house before they have even walked inside. If you want to up your chances of selling your house for a good price, you should focus on making the outside of the house look as nice as possible.
If you don’t have the money for serious renovations, even keeping the lawn mowed and the gardens free of weeds can clean up the look of your house. If you don’t mind investing a little in your home, a fresh coat of paint and a nice new front door can make a huge difference in how good your house looks from the curb.
Keep up on repairs
If you have the choice between a 2 bedroom house with a leaky roof and a drippy faucet, or a 2 bedroom house without any problems, which would you choose to buy? With a healthy market giving your home buyer options, the houses that don’t need to be repaired will be purchased first, leading to a longer time on the market for homes needing the most repairs.
Making necessary repairs on your home doesn’t just give your buyer less to do after the purchase, it also tells the home buyer you keep up on repairs and have kept your home maintained over the years. This will make your home more valuable to the buyer than a comparable home.
How Title Insurance can benefit the seller
Your house is probably one of the biggest investments you have ever made. Imagine finally cashing in on that investment, only to discover a problem with the title that may make all your efforts pointless in the future.
If you’re the buyer, paying a huge amount of money for a house only to find out there is a lean on the title or some other person with a vested interest in the house can be a huge nightmare. Title insurance is a way of proving the title is clean and the potential buyer has nothing to fear when purchasing your home.
If you live in an area with a lot of competition in housing, this could be the perk that will get buyers in the door.
If you plan to sell your home soon, 2020 should be the year you do it. Use these tips to make your home ready for buyers, and get the most from your home investment.
Millennial Title has offices in Tampa, FL, Louisville, KY, Nashville, TN, and Florence, KY to serve your title insurance needs.