Is now the time to sell your Custom Home? 2016 was a great year to sell a home.
It’s a Seller’s Market
Great news for you if you plan on selling your home, it’s a seller’s market. What that means is there is a shortage of goods available for sale. You can wait until the offer you want comes through. Due to the shortage of homes for sale there is now more buyer competition, which can drive up the price of the house. With the demand being so high you have to keep in mind it might be hard for you to find your new home.
Pricing of the House
When you list your house, make sure you list it at a competitive price, and look at the comps in your neighborhood. You don’t want to list your house at a price that is too high, and not have any interest in the home, and later have to come down on the price. Like previously stated there are not enough homes for the high demand so a lot homes are being sold for higher than listed.
Your Home No Longer Fits Your Lifestyle
Life happens! Maybe your family has grown, and you need more space, there are not enough bedroom and you need to sell now for a larger home to accommodate your family. Or maybe you are an empty nester now and don’t need all of the space, and upkeep. You can sell the home and make a profit to either put down on a new home, or to put toward retirement. Your custom home was a dream, and now someone else can enjoy the beauty and originality of the home.
It is important when selling a home that all of the home improvement projects are complete. You don’t want a potential buyer walking in seeing incomplete work, which will drive some buyers away. If you need to finish the remodel on the bathroom or kitchen now is the time to do it before the house goes on the market.
If you are interested in selling and building your new Memphis custom Home contact MH Akers Custom Homes.