Every home seller’s goal is to make a fast and profitable sale. After all, selling a home is a major financial and emotional undertaking that impacts your plans and financial stability. If you plan to sell a home in Knoxville, don’t worry. The city has a balanced and healthy housing market. With a proper understanding of the market and the use of effective strategies, you can sell your property in no time.
According to FRED’s latest economic data, homes for sale in April in Knoxville spend a median of 40 days on the market before being sold, which is slightly shorter than the median time homes spend on the market statewide (43 days) and the national median (54 days). Trends also show that a home’s selling speed is now cut in half compared to 10 years ago when properties stayed in the market for 100 days or more.
Factors affecting the speed of selling a home include your property’s location and its style, buyer demands, advertising approach, and timing of listing. Considering all these variables, it is best to partner with real estate professionals. They know the ins and outs of the market and have the expertise in marketing your home.
How you price your home for sale is a make or break for potential buyers. Set the price too high, and you drive them away. Set it too low, and you lose money on your property. You can assess your house’s condition, evaluate it through a formal appraisal, or compare it to comparable listings.
Show off your property’s best features. You could work with a home stager to highlight your home’s curb appeal. Hire a seasoned photographer to capture stunning images for online posting. You can also hold open houses. Some industry professionals claim that open houses encourage faster decision-making.
It is no secret that timing is everything in real estate. Watch out for seasonal patterns. For Knoxville, it is ideal for listing your property during Spring and Summer seasons. Specifically, in May, when houses sell nine days sooner than if you list them in any other month—according to HomeLight.
Teaming up with a local real estate agent has many benefits. Aside from the expertise and experience, they also have the right connections and network. Additionally, they have financial and legal knowledge. Moreover, they can access a wide range of resources and tools to promote your property more effectively.
Are you considering selling a home in Knoxville? We’d love to help you! Please click here for our contact page, and we’ll reach out to you promptly. Would you like to see more great info from the Knoxville Home Team? Please click here for our blog page.
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