5 Questions You Should Ask Before You List Your House

  1. Is the market feasible for selling? Your agent can provide you with the data to help you determine if now is a good time to sell. Call your agent and ask for a free, no obligation home valuation. She should give you a value range base on what the market is doing, the condition of your home and other criteria.
  2. Is now a good financial time to sell? Based on the valuation provided by your REALTOR® and what you currently owe on your house including all mortgages does it make sense to sell now? Will you make enough on the sell of your house to pay closing costs and still make money?
  3. Is my house in good repair? Are there home maintenance projects you’ve been putting off? Your agent should do a walk-thru with you and provide a checklist of all the items that need to be addressed. Are there leaks, cracked windows, loose or missing caulk? For a more thorough list you might consider getting a professional home inspection done. Your agent should be able to provide you with a list of home inspectors in your area.
  4. Is my house clean and clutter free? Areas appear more spacious when they are clean and clutter free. Have a garage sale, donate to a charity, or give away items you no longer need. Consider temporarily renting a storage unit to store items you want to keep but could live without for a couple months.
  5. Does my house have good curb appeal? Mow the lawn, trim the hedges and add colorful plants. Does your mail box need updating? What about the front door, could it use a fresh coat of paint and a new welcome mat?

PAULA WYNN – REALTOR® at EXIT Real Estate Gallery (904) 502-9432. Paula services the entire northeast Florida area which consists of Jacksonville, Argyle, Oakleaf, Avondale, Orange Park, Green Cove, Middleburg, Lake Asbury, Jacksonville Beaches, and surrounding areas. With Paula Wynn, your real estate transaction is always a win!

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Home Values Recover To Pre-Recession Values, Making It A Great Time To Sell

The Great Recession was one of the most challenging times in US history. The US lost nearly 9 million jobs, unemployment nationwide hit an astounding 10%, and housing prices fell a whopping 33%, causing American households to lose of $16 trillion dollars in net worth.

But luckily, the economy started improving in 2010. The GDP grew an impressive 19% from 2010 to 2017, and the economy added jobs for a record-breaking 88 consecutive months, recovering all the jobs lost during the recession. Not to mention, unemployment fell to 4%.

But one area that was a bit slower to recover was home values. Many homeowners who lost a significant portion of their home’s value in the recession have been hesitant to sell—especially if they purchased their home when prices were high.

But according to Evaluating The Housing Market Since The Great Recession, a recent report from CoreLogic, homeowners who lost value in their homes during the recession finally have something to celebrate. According to the report, the average house price is now 1% higher than it was at the peak of the real estate market in 2006, growing 51% since bottoming out in 2008.

The Takeaway

If you’ve been waiting to sell your home for it to recover its pre-recession value, now is the time to make a move. Not only have housing prices recovered to their peak values, but the inventory crisis is driving up prices, making it the perfect market to finally sell your home.

 

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