sellers

Should you Renovate before Selling?

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Are you interested in selling, but unsure if you should remodel your home to make it more appealing to buyers?

Here are a few tips if you are interested in selling this season. According to theNational Association of Realtors (NAR),there is only about a 1.9 month’s supply of available listings on the market. Just to put that into perspective, a “normal” housing market typically has a 6-month supply of homes for sale. This market is resulting in high buyer competition and home are only on the market for an average of 21 days, during that time the seller many receive multiple offers from hopeful buyers.

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It’s a Sellers’ Market

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If you haven’t realized this by now, it truly is a Sellers’ Market. Now more than ever is a great time to sell property! Over the past year, home owners have gained an unprecedented opportunity to win big by selling in today’s housing market.

Here is a brief update on the current market. The State of New Hampshire has 1,206 Residential Listings (for the whole state). As of today, 2,594 Residential listings have closed year to date, with another 2,770 Under Agreement. This increase in demand coupled with such limited supply is leading to more bidding wars throughout the country. (Data from New England Real Estate Network).

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Virtual Home Buying

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In a year when we’ve learned how to do so much remotely, homebuying is no exception. Digital practices have simply changed the way that we live and operate in today’s world.

This year, rather than delaying their home purchases, buyers- alongside their trusted Real Estate Advisors have turned to the Internet to do more than just your “typical” home search. In some cases, a lot of homes were purchased sight-unseen, meaning the houses were purchased without the buyer even stepping foot inside. According to the National Association of Realtors, throughout the COVID-19 Pandemic, 1 in every 20 homebuyers purchased a house sight-unseen.

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