Now is the time to jump into the Destin real estate market if you want to sell your home by summer’s end. According to Zillow, housing values have already risen by 9.4% in the past year after bottoming out in early 2013. The interest rate on a 30-year fixed mortgage is still hovering around an agreeable 4.2%, says Bankrate, but is continuing to rise. That lower interest rate is critical to many buyers interested in buying now.
Not to mention, summer is one of the best times of the year for vacation home sales. The longer daylight hours allow more prospective homeowners to check out your home in the best light and showcase the fantastic lifestyle 30A has to offer. Due to the time of year many people have more freedom to search for homes in the summer and could potentially bring children along.
Keep Up the Good Work
You’ll be competing against several houses on the market for the season. Staging is one way to distinguish your offering from the rest of the pack. Increase curb appeal by mowing both the front and back yards, pruning the bushes and trees, and cleaning the gutters. If it is needed and you can’t repaint your home’s exterior, have the siding professionally cleaned.
Your interior spaces should look inviting and new. Eliminate any clutter, such as personal artwork or odd collections, and remove any bulky pieces of furniture. Fewer things expand space and improve traffic flow. Just to get your extra possessions out of the house, store them with friends or relatives, or put them in a rented storage unit. Open the drapes to let light in and open the windows to allow fresh air to circulate.
Clean not only the visible surfaces but on the top shelves and behind appliances. Buyers like to look in these areas to see what kind of maintenance you’ve done on the property. A fresh coat of paint in a neutral color will brighten any rooms. Be sure to make any repairs, such as to that leaky faucet or non-working light switch. Buyers tend to overestimate the cost of any fixes, and will deduct that presumed spending from their offering price.
Incentivize Your Sale
Consider incentives to make your home more enticing such as a quick close, closing costs, lifestyle incentives or a year of home warranty already paid for. There are several small steps that make a big difference when it comes to closing the deal quickly.
If you’ve been considering a move to a bigger place, downsizing or want to live in a different area, summer is the best time to sell your Destin property. Developing a strategy that includes staging and incentives can can make your real estate transaction go quickly and smoothly for both you and your potential buyer. For more information on selling by the end of the summer, please do not hesitate to contact us for more information.