4 key things you should — and should not — do to get top dollar for your house, according to research
Home prices are on the rise, climbing another 3% year over year, according to S&P CoreLogic Case-Shiller 20-city home price index from February released this month. Still, that growth is slowing and some experts are predicting that we’re increasingly entering a buyer’s market.
Sellers got a premium in other spring and summer months too: May ; July ; April ; March ; August ; meanwhile December, January and October sellers got less than a 4% premium. ATTOM’s Chief Product Officer Todd Teta says that this is because demand is much higher in spring and summer in part because school is out and winter is over so people are out and about.
So if your house is in decent condition, you may be financially better off making smaller cosmetic updates that don’t cost much. “If the house has ‘good bones’ — which refers to items like structural integrity, a solid roof, well-functioning windows and sufficient HVAC — then upgrading the FF&E [finishes, fixtures and equipment] may be very worthwhile,” says Justin Riordan, interior designer, architect and founder of the Portland-based home staging company Spade and Archer Design Agency.
Another pro tip: “Set a vignette that highlights a favorite feature of the home. For example, we might arrange a tray with two glasses and a bottle of wine on a bar countertop or place plush towels, bath salts and a candle on the ledge of a soaking tub,” says Baker.
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