One of the most common questions I hear from sellers is, "what should I do to get my house ready to sell, and what will I get back?" We evaluate on a case-by-case basis what makes the most sense for each listing, and factor in each seller's priorities, time, and resources.

 

 

 

 

 

By choosing the right projects you can add value to your home, especially if you decide to sell! Here is a cheat sheet that may help you decide what to do. Balance these numbers with what works for the layout of your home, as well as your budget, and you will likely see great returns!

And now, on to the real estate market itself: The bottom line is, sellers aren't selling and buyers want to buy! Houses come on and then they are gone in a matter of days. The absorption rate is quick! For those properties that languish, most likely they are starting at an unreasonable number and buyers just don't see value. Strategy matters. Those properties priced well are trading with multiple offer scenarios, sometimes upwards of 15% over the asking price. While last week more than a dozen new properties came on in Wellesley and Weston combined, this week only 6 were introduced. It feels strange since this is typically the height of the selling season.

The Federal Reserve noted that they will most likely raise rates faster and more aggressively than anticipated to get inflation down. This quote from an NBC article clearly explains how this move will effectively cool the economy. ".....higher rates could also risk job losses, as a slowing economy pushes businesses to cut costs by laying off staff members. The Fed itself projects the unemployment rate rising. But outside of certain sectors like technology, the job market remains remarkably tight. The national unemployment rate currently stands at a more-than-50-year low."

 

"We don’t think we need a significant increase in unemployment, and we’re certainly not aiming for one,” Powell told lawmakers Tuesday. “But we do think there will be some softening in labor market conditions to get to 2% inflation.” If this is the case, will the promise of rates going up create even more sense of urgency for buyers to buy their houses now and snag a lower payment?

My prediction is despite some worries nationally, it will be a later spring market for us. With the daffodils and tulips we may see for sale signs. You heard it here first. We shall see!

I'm always available and more than happy to provide an analysis for you! Email me at teri@teriadler.com or call at 617-306-3642 to schedule a meeting.