It’s been a while since we looked at the housing market in Arizona, so let’s take a look at what is going on. After all, if you’re thinking of selling your home this year, it can’t hurt to know what the situation looks like. The good news is that there are more buyers than ever before for homes for sale in Phoenix and Tucson! Plus, properties are staying on the market for about as long as they have been historically. So does that mean it’s a seller’s market out there? Not quite yet- here are three tips to help sell your house!
Prepare to pay Over Asking Price
It’s no secret that buyers are willing to pay more for a home in this market. If your house is priced too low, you may end up losing out on potential buyers and selling for less than you would have wanted. A recent study found that the average seller in Phoenix received 97% of their asking price- higher than any other city in the United States.
If your home is priced too low, it may sit on the market for a long time and you could miss out on buyers who have been pre-approved! If you price too high, that can be just as bad because competing homes in your area will likely sell at or above the asking price. So do some research into what similar homes in your area have been selling for and price your home accordingly.
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Stage Your Home to Sell Quickly
No one wants to live in a house that’s been “staged” with all of the furniture shoved into the garage. However, you do want to make sure that your home is appealing to buyers from the moment they walk in. This means decluttering, cleaning, and making any necessary repairs.
If your home is in good condition and nicely staged, you may be able to get multiple offers very quickly! And remember- it’s always best to have an experienced real estate agent by your side who can help you navigate these tricky waters.
Be Flexible on Closing Dates
We’ve already discussed how the housing market in Arizona is currently favoring buyers. This means that if you are unable to meet your closing date, it may be better for you to wait until later this year to sell since there’s a high likelihood of homes selling above the asking price right now. If your house stays on the market too long, buyers may start to wonder what is wrong with it and you could end up dropping the price.
Be prepared to be flexible on your closing date so that you can get the best possible deal for your home!
It’s definitely a good time to sell your house in Arizona! Follow these three tips and you’ll be able to get the best price for your home. Have any questions? Contact an experienced real estate agent today!