Spring Is Here, Now What?

Spring is already here and it has started with a lot of real estate activity. As of April 23rd there were approximately 288 single-family and 86 multi-family homes for sale in Lakewood. This is a large number of properties for sale in a city with a very compact footprint. Also, interest rates have now started to move back up the scale. The large amount of available real estate inventory coupled with the increasing cost of borrowing money will create a highly competitive housing market. This combination of factors presents some very specific challenges to successfully marketing a home for a quick sale at a good price for the homeowner.

With heavy competition for the eyes of buyers, there are a few very specific actions a home seller may take to assure that they sell fast and at a premium price. Even though this is still very much a "buyer’s market", a properly motivated seller may dominate their market area with a few extra actions on their part.

  • Have your home professionally staged by a licensed home stager
  • Have your home pre-appraised by a licensed appraiser
  • Have your home pre-inspected by a certified inspector and make all of the repairs detailed in the inspection report
  • Work with a highly skilled agent to determine the true market value of your home and list your home at that value
  • Make sure your agent uses every means of electronic marketing available--over 80% of home buyers now find their home online, BEFORE talking to an agent.

At first glance this may seem like a lot to do to sell your home. But look closer--these are all the actions most people end up taking once negotiation begins, after an offer is accepted. A home that is priced even 10% above true market value will reduce the number of buyers looking at your home by as much as 80%. If you have time to wait, or really aren’t in need of selling your home quickly then don’t worry about taking these steps. If however, you need to sell quickly, beat out all of your competition and get the best possible price, follow these steps and you may be guaranteed to sell quickly. Chase Group will even put their money where their mouth is.

Matt Chase is a licensed Realtor® and the owner of Chase Group real estate.

Matt Chase

Born in the suburbs of Cleveland, Matt has been a lifelong Northeastern Ohio resident. After attending Bowling Green State University, Matt returned to the Greater Cleveland area where he currently lives with his wife and two daughters. After earning his Real Estate license in 2007 Matt worked as a sales partner with a very successful local Real Estate team until starting his own team at the beginning of 2012. Matt’s offices are located at the Westlake and Sheffield branches of Keller Williams Realty Greater Cleveland West. With over 200 sales to his credit Matt has gained the experience and knowledge necessary to assure the successful marketing and sale of your home. Whether you are looking for a new place to call home or selling your current home Matt will provide you with the highest level of service possible. Chase Group real estate employs the most advanced technology to market your property or search for your perfect house. Combined with world class education provided by Keller Williams Realty Matt is ready to help you Chase Your Dream.

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Volume 8, Issue 9, Posted 9:55 PM, 05.01.2012