3 Must-Do Things When Selling Your Home in 2024

If you're planning to sell your house this year, you might be feeling a mix of excitement and a bit sentimental about your current home. To make sure you're confident in your decision, here are three important things to keep in mind.

Price Your Home Right In 2023, the housing market changed, and mortgage rates went up. It's crucial to understand the importance of pricing your house correctly based on today's market. According to Hannah Jones, an Economic Research Analyst for Realtor.com:

“Sellers need to know their local market and work closely with a local agent to make sure their listing is attractive to buyers. Well-priced, well-maintained homes attract big demand, especially when buyers are conscious of affordability.”

If your house is priced too high, you might turn away buyers. On the other hand, if it's priced too low, you could lose money. Rely on an experienced real estate agent to determine the best asking price for a quick sale at the highest value.

Keep Your Emotions in Check

Homeowners are staying in their houses longer nowadays. According to the National Association of Realtors (NAR), since 1985, the average time a homeowner has owned their home has increased from 6 to 10 years. This longer stay often means a stronger emotional attachment to your space. Whether it's the first home you bought or where your loved ones grew up, it likely holds special memories. Every room tells a story, making it challenging to detach from the sentimental value.

For some homeowners, separating emotional value from fair market price can be tough. This is where a real estate professional comes in, guiding you through negotiations and the best pricing strategy. Trust professionals who have your best interests in mind.

Stage Your Home Properly

While you might love your decor and how you've customized your house, not all buyers will share the same sentiment. That's why it's crucial to focus on your home’s first impression, making it appealing to as many buyers as possible.

Buyers want to envision themselves in the home, so it's essential to create a neutral environment. As Jessica Lautz, Deputy Chief Economist and Vice President of Research at NAR, says:

“Buyers want to easily picture themselves in a new home, and home staging is a way to showcase the property in its best light.”

By following these three tips – pricing your home right, letting go of emotions, and staging your home – you'll be better positioned for a successful and stress-free home selling experience in 2024.