Check out the article we would like to share from Realtor.com about the 5 Reasons Why This Is Actually The Best Time In Years To Sell Your House:

Talk about a strange summer. Between the continued threat of the novel coronavirus, a wobbly economy, and layoffs happening left and right, it’s no surprise that many who may have hoped to sell their home this season are wondering whether to put those plans on hold—or they’ve already thrown in the towel.

Such hesitancy is understandable. Yet the irony is that, after closely examining the current housing market conditions, many real estate experts believe this summer could be one of the best times to sell a home in years.

“Given the pandemic and uncertainty it’s caused, the general sentiment [among some owners] is that now is not a good time to sell your home,” says Danielle Hale, chief economist at realtor.com®. “Yet so far, the data suggest the opposite—that buyers outnumber sellers in the housing market, which means it’s better to be a seller than a buyer.”

So if you’re a home seller who assumed they should write off this summer’s home-selling season as a lost cause, it’s time for a reality check! Here are a few reasons why the market could actually be moving strongly in your favor.

1. Home buyer demand is back with a vengeance

Granted, in the spring, when COVID-19 was spurring many states to enforce quarantine and ban open houses, home selling understandably went dormant for a while. But now that lockdown restrictions are loosening up in some states, home buyers are out with a vengeance—and many of them are eager to make up for lost time.

Indeed, the real estate market is already seeing strong signs of a rebound, according to the National Association of Realtors®’ Pending Home Sales Index (a forward-looking indicator of home sales based on contract signings). In May, after two months of decline, pending home sales shot up 44.3%—the highest month-over-month jump since 2001, when the index began.

“There’s very significant demand,” says Matthew Gardner, chief economist at Windermere Real Estate. He adds that demand is strongest right now in the suburbs and in smaller, cheaper cities—as buyers look to escape the biggest metros and more companies follow tech titans like Google, Amazon, and Microsoft in allowing employees to work remotely for the foreseeable future.

“If we continue to see an increase in working from home, people can move farther away, where they can get more bang for their buck,” Gardner says.

2. Home inventory remains low

Yet amid this glut of home buyers, the number of homes for sale to actually meet this pent-up demand is at an all-time low.

“There was insufficient supply last year,” says Lawrence Yun, chief economist of the NAR. “This year during the pandemic, the shortage has intensified.”

According to realtor.com’s market outlook, housing inventory in June was 27% lower than a year earlier.

And some reasons for the shortage of available homes have little to do with the recent coronavirus crisis. The number of homes for sale is at a “generational low,” says Gardner, because people are living in their homes longer than they used to. In fact, NAR data shows that Americans are spending an average of 13 years in their homes before moving.

The lower inventory is also the result of fewer distressed properties on the market, “due to the massive government stimulus support, including mortgage forbearance and generous unemployment benefits,” Yun explains.

Click Here to read the rest of the article from Realtor.com!

Check out The Lawhead Team’s helpful tips to get your home in its best shape to sell.

A refined and polished home will appeal to more buyers, sell faster and sell for a higher price. Not to mention buyers will feel more comfortable purchasing a home which appears to be well cared for.

Spend as little money as possible when preparing your home to sell. There is a difference between minor repairs and purchasing an entirely new roof. The following are some helpful tips to get your home ready to sell:

1. Keep your curb appeal looking nice. Mow the lawn, trim hedges, and make sure you have healthy looking plants out front.
2. Keep your garage door closed and store RVs and beat up cars elsewhere while your home is on the market to sell.
3. Apply a fresh coat of paint to the front door. Keep in mind, the exterior of your home is the first impression potential buyers will get of your home when you sell your home.
4. Repair and/or replace any loosed siding and caulking on the outside of your home.
5. Perform a thorough deep cleaning of your entire home and remove all clutter. Just this simple step will help your home look bigger and brighter.
6. Remove as much as you can from kitchen counters, closets and attics. This makes these areas much more inviting and even larger looking when you sell your home.
7. Repair any cracks, holes or damage to your walls, wallpaper, paint, or flooring.
8. If your paint inside your rooms, living rooms and kitchen are brightly colored you may want to paint over with a more neutral color so the potential buyers can easily picture themselves living in your home.
9. Hire a professional cleaning service every few weeks while your home is on the market to sell.
10. Repair leaking and dripping faucets and showerheads. You may also want to buy new “for show” towels for the bathroom to be brought out when prospective buyers come to look at your home.

Just like anything in life, first impressions are very important. When selling your home, you want your potential buyers to get the best first impression possible.

• Your listing price doesn’t match your home. If the home you are selling requires some work such as maintenance and upgrades, don’t think you can just slap on a huge price tag and expect to sell it in days. The first week your home is on the market will be when it will get the most traffic. When selling make sure your home looks it’s best to give the best first impression possible.
• Your personal items are still cluttering your home. No matter how sentimental your items are, they are going to need to be taken down sooner or later when you sell. When selling your home make sure to de-clutter.
• You only have certain times potential buyers can view your home. When a new home comes on the market, potential buyers will want to see it right away. When selling, always make sure your home is available to show at anytime.
• You linger around when people come to look at your home. If you are selling, leave when potential buyers come by to look at the home. Your presence can make buyers uncomfortable and leave without truly considering it.
• You fail to mention any problems with the home. Disclose any major repairs that need to be done. Don’t let your deal fall through when selling because you have a leaky roof or your AC doesn’t work. In most cases potential buyers will hire a home inspector and these problems will surface one way or another.

If you are looking to sell your home, most likely you want to get top dollar for your home. Unfortunately simply slapping a “for sale” sign in the yard won’t always work to get that cash in your pocket for your home.

The Lawhead Team would like to share some helpful tips to get your home ready to sell and make it appealing to potential buyers.

There are some simple things you can do that won’t cost much money at all in order to sell your home. Remember, your home will not always sell itself. A simple coat of paint can really do wonders and turn a potential buyer into the new owner of your home.

Do you smoke or own pets? If so, a potential buyer will be able to tell when they walk into your home. If you want to sell your home, take some steps to make your home unnoticeable to the nose that you smoke or have furry friends living there. You may not think so, but this is a huge deal to potential buyers.

If you want to make potential buyers fall in love with your home, do the following:

• Clean – Make sure your home smells nice and fresh and put some elbow grease into cleaning your place up.
• Pack – You’re going to move anyway so start de-cluttering your home and put some stuff into boxes. This will make your home look bigger plus you’ll be getting a start on moving.
• Daily Maintenance – Make sure there aren’t dirty dishes in the sink, hang up any clothes in your closet and put away all your toiletries on the bathroom counters.
• Curb Appeal – The outside of your home is the first impression a buyer will get when you are trying to sell your home. You may want to plant new plants, re-paint or stain your front door and make sure all your lights work.

Need help putting your home on the market? Please call The Lawhead Team and we will be happy to help you!