The Upturn Continues

Good news! The National Association of Realtors is saying that in the fourth quarter of 2009, existing home sales and prices were up in many states and areas. This is encouraging to those of us in the Real Estate business, and to home sellers who have been patiently waiting to see signs of an upturn in the market.

What’s behind this surge? Certainly, the first-time homebuyers credit helped to fuel it. And with that credit extended, it’s safe to expect that we’ll see further increases. 

What does this mean for sellers?

Well first, we’re not out of the woods yet. But things are improving. Sellers should do everything they can to make their property attractive for sale. You don’t have to put a bargain basement price on your home, but you do need to price your property reasonably. Pay attention to what homes that are comparable to yours are selling for in your area. Look at the pricing trends for the last year or so to see what you can learn. A reasonable price may be the key to selling.

As a seller, you should also do all you can to boost curb appeal, and to make your home as attractive as possible to buyers. Repairs and upgrades will give you an advantage, as will keeping everything neat and clean. These things are noticeable during open houses and should not be neglected.