Already this summer is proving to be about extremes. Along with Las Vegas’ temperatures skyrocketing, June’s sales figures show that the local guard gated market is also super hot. For sellers, this means there are no lazy days of summer. Those who take action will gain a competitive edge and benefit from the opportunity in front of us. A few tips to make your summer selling experience smooth sailing:
It starts as an inside job, meaning unless your home was built within the last five years or has undergone a significant remodel since 2015, it’s time to pull and purge. Ditch the outdated wallpaper and drapes, while updating paint colors and fixtures. Buyers want a clean, neutral palette that requires minimal work to customize as their own. And if you would rather spend your summer at the beach or in the mountains, list your property so that the price offers an incentive for buyers to take on doing the work themselves.
Understand the news of the day; headlines about jumps in median home prices and price-per-square-foot foster good feelings in our city. But if you bought your home at the market peak 14 years ago, due to the property’s age and existing competition, it has to be priced competitively. Sadly, the market doesn’t consider your purchase price. But you have options.
Renting your property comes with advantages. The most obvious is it buys time to see if the market will increase. Another is after a property has been rented for two years, the homeowner may take advantage of losses incurred on their annual taxes. This scenario comes with some variables, so a discussion with your CPA should uncover the best option for you.
If you’re a buyer searching for a home with a stellar backyard that offers the chance to take a dip in the pool, let’s talk. We have plenty of options.