The real estate landscape is shifting rapidly amid rising interest rates and changing consumer preferences. Recent reports show that in July, Washington, DC, home prices were down 3.3% compared to the previous year, with homes staying on the market for 42 days compared to 33 days last year.
With the market cooling off steadily, selling a luxury home in the DC metro area is no walk in the park. You will need an entire community of experienced local agents and a team of contractors to get your property off the market fast and at the top price, hence the saying, "It takes a village to sell your home."
At Premier Partners DC, our team of experienced realtors will work tirelessly with qualified mortgage lenders, home inspectors, professional photographers/videographers, home appraisers, and other real estate agents to match the property with the right buyer and sell your home in as little time as possible. Here is how we can help sell your home:
Determine the right comps and pricing
With a shifting market, home prices are set to be unpredictable, and it can be overwhelming for you to value your property competitively. The experienced agents at Premier Partners DC can help you understand the comparable sales in your neighborhood and deploy the right pricing strategy specific to your home. When the real estate market is going through an ongoing transformation, identifying the properties to compare your home requires experience and nuance. A similar home down the street that sold a few months ago may not be an adequate comparison in today's market. Our agents will leverage their experience and current data to identify ideal comps, which is a component of the property's listing price. The agents will also deploy the right pricing specific to your home.
Get the home ready for listing
Getting your home ready to list takes a lot of work and effort. The real estate agent will advise you on today's buyer's value and where your time and money are best spent. They will help you hire contractors such as professional builders, stagers, and photographers. Here are specific ways our agents can help prepare your home for listing:
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Inspect and repair: One way your village of agents can help is by getting home inspectors to do a professional pre-listing inspection. A pre-listing inspection helps you identify the repairs that should be made proactively at the start of the selling process.
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Minor upgrades: Small, cost-effective upgrades can significantly impact your home value. We can bring in the right contractor to perform upgrades such as updating cabinet hardware, replacing outdated light fixtures, or installing a new backsplash in the kitchen.
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Declutter and depersonalize: Our agents can help declutter your home, remove excess items, and store personal belongings. This helps potential buyers envision themselves in the space and allows them to focus on the home's features.
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Enhance curb appeal: First impressions matter in real estate, which is why you should ensure your home's exterior is inviting. Experienced landscapers can trim the lawn, prune bushes, clean the driveway, and add potted plants or flowers near the entrance.
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Staging for success: Staging can help create an attractive and inviting atmosphere. Once the home is ready, your realtor may suggest a professional home stager. A home stager can help arrange furniture and decor to highlight the home's best features. A home that has been staged allows buyers to envision it as their own space, making it easier for them to become attached to it.
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Photography and videography: When potential buyers check the multiple listing services (MLS) online, they are primarily interested in the photos of the property before deciding whether they have enough interest to visit. The quality of photos or videos is crucial in creating the best impression in the minds of buyers. After staging, your agent will get a professional photographer to take pictures showcasing your home's best features.
Marketing and the MLS
MLS are integral in introducing your home favorably to the market. A knowledgeable realtor will work with marketers to write an excellent description that creates interest while highlighting special home features. They will also develop other marketing campaigns to attract buyers to a showing, such as real estate websites, brochures, flyers, signage, and open houses. The realtor's team can be invited to the home for a private showing so they can be effective in promoting the property to their clients. With years of experience selling similar properties, our experienced real estate agents know the questions to ask buyers to determine what is crucial for them. They can talk about the property in a manner that generates interest and creates excitement in the minds of prospective buyers.
Closing and moving
Your real estate agent will manage the transaction and all the documentation that goes with it. They will advise you about the crucial documents, the closing terms, and all the fees involved. The buyers will inspect your home, and the realtor will coach you on what to expect during the process.
Navigate the DC real estate market with Premier Partners DC
While the DC real estate market undergoes a shift, sellers may feel overwhelmed by the rapidly changing dynamics. An experienced real estate agent can craft a team of professionals to help you navigate market changes and quickly get your home off the market at the right price. The knowledgeable and caring real estate agents at Premier Partners DC provide valuable services when you are selling your home. We leverage our knowledge of the local Sotheby's DC and DC metro real estate market and vast experience to prepare you for sale and attract the right buyers for your property. Contact us to schedule a consultation.