Selling your house in Georgia may seem like a daunting task, especially if you’re new to the world of real estate and oblivious to its significant intricacies. You may find yourself asking, “Why sell my house in Georgia when I have created so many memories here?”. However, a time may come in life when you’ll have to make that decision, especially if you find better opportunities elsewhere.
Whatever the case may be, be it a move for better job opportunities or the need for a larger living space due to family expansion, selling real estate in Georgia isn’t only physically rigorous but also legally complicated.
Hence, this article aims to provide tips and general knowledge, which allows for a simplified and stress-free exercise that leaves you with satisfying deals and offers.
Let us begin by discussing the statistics and market analysis associated with the real estate industry of Georgia. According to studies carried out by Zillow, there was a 4.49 percent increase in the real estate values in Georgia for the year 2a 019 with a steady increase up till now.
You’ll need to consider the market numbers as they’d be instrumental during property valuation and deal proposal. Note that despite the great numbers involved in the Georgian real estate industry, there is still a chance that you’ll not sell your house on time due to poor marketing or ridiculous property valuation. You can also read Tim Stout and Associates: Selling A House in Georgia for more tips.
Find a Local Realtor
Forgive me for reiterating the fact that the process of selling a house in Georgia isn’t easy. However, It’s not impossible if you take the right actions, and hiring a local realtor is one of them.
The above is because the real estate business has high-stakes and complex processes; thus, the expertise of a realtor who is well accustomed to the local market is instrumental to your success in the house selling process.
Hiring a real estate agent also eases the stress involved with the process of selling a house in Georgia, as the realtor takes on a tremendous amount of the work required for the selling procedures.
With their vast knowledge of the market, the realtors can predict the need of the local buyers, and they’re also aware of the best ways to get across to them.
Real estate agents not only offer advice on how best to tailor your offer to get maximum returns, but they also guide you through the home selling process, offering tips on matters such as home staging, from the time of listing the house to the time of closing the deal.
It’s now a fact that house sellers who partner with real estate agents sell their homes 33 percent faster than those who don’t. Even better is that realtor fees, though sometimes reaching up to 30 percent of the house value, are negotiable.
However, it’s noteworthy that you must do careful research before picking any real estate agent. Do well to check their past work and seek recommendations before settling for any realtor to prevent working with the wrong sort.
Set a Selling Price
Real estate agents also assist with an activity called Comparative Market Analysis (CMA). A CMA involves comparing your property with those on current, expired, or sold listings in your area. This activity is done to determine the price and value of your home.
A nicely done CMA compares a range of features such as the house’s condition, the size, the number of bedrooms, the number of bathrooms and toilets, the neighborhood, and even the local trends in real estate. All these are carefully considered to ensure optimal pricing when selling a house in Georgia.
Know The Best Time to Sell
Even though it may seem farfetched the idea of deciding when to sell your house due to market variation, you can decide when to put your home on the listing. However, consider the local trends and, most importantly, the time of the year which would be best for listing.
In Georgia, it’s reported that houses stay on the market for an average of 40 days; however, there are variations in the number of days based on the season during which the homes are listed.
An example is during winter when houses spend an average of 54 days on the market, and summer when houses spend only 30 days on the market.
In all, with a median sales price of $254,000 ($7,000 above average), June seems to be the best month for property sales, with the days-on-market averaging 28. Coupled with the time taken to close the sale, it may take up to 68 days in total to sell your property, as it usually takes 30 to 40 days to complete a deal.
Market Like Crazy
Your real estate agent must utilize various strategies to sell the home, including marketing and home staging. Home staging involves the refurbishing of your home for sale optimization and buyer attraction.
In a research carried out by the National Association of Realtors, they reported that 82 percent of buyer’s agents said that “staging a home made it easier for their clients to visualize the property as their future home.” Overall, home staging helps to highlight the great features of your property.
On the other hand, marketing involves listing your home on your local MLS, with an accurate and exciting description attached. You can also share your listing with family and friends or even social media to get more audience. When selling a house as is in Georgia, do well to take advantage of open houses to advertise your property further and make an offer.
Let’s Get the Listing Started
Selling real estate in Georgia doesn’t seem like an easy task, but it’s not impossible. With the help of reputable real estate agents like Tim Stout and Associates, selling a house in Georgia is made even more accessible and more fun. Visit our website today to get started.