Posts with tag 'Home-selling tips'

If you're a baby boomer who's close to retirement or already retired, it may be time to sell your home. With current home prices at an all-time high and multiple buyers competing for properties, our REALTORS® are witnessing a seller's market that's booming. Downsizing right now may be a great decision for your golden years.

In Nassau and Suffolk counties, home sales are competitive. Buyers are flooding the market looking for properties that suit their lifestyle and finances. According to the National Association of Realtors, the median price for all types of homes has jumped 14.6% from prices just one year ago, especially in the suburbs where low inventory is pushing prices up even higher. If retirement is on the horizon, selling your home could provide many benefits.

Selling Your Home

Selling your home in such a competitive market can actually save you money. With so many buyers looking for homes, you may save money on home repairs and upgrades. You don't need to do a major renovation to attract interested buyers, just concentrate on necessities.

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Giving your home's interior a fresh coat of paint is a quick, affordable way to update design style, even when you have a limited budget. Our REALTORS® know that new paint can quickly transform a drab, outdated room into a room with spectacular ambiance and style that appeals to homebuyers.

Choosing the right paint color is essential for a well-designed space, but it can be a difficult task. With thousands of colors that range from pale neutrals to bright bold hues, finding the perfect paint color is often a frustrating and costly experience that leads to repainting. To get it right the first time, interior design pros recommend these important design tips.

• Don't Start With the Paint
  Choosing your paint color first may seem like an easy way to get things started, but it's not a good idea unless your room is completely empty. Most people have existing furnishings and accessories they plan to keep, so paint must coordinate with existing items. Unless you're starting with an empty house, it's much easier to choose a paint color that complements your existing décor, rather than choosing new décor that works with your paint color.

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If you're planning to put your Long Island home on the market, you'll want to highlight available space to potential buyers. Our REALTORS® are familiar with ways to squeeze every last bit of utility out of any space. In fact, there are many rooms in your house that can do double-duty to appeal to buyers.

• Double Down in the Dining Room
  The dining room gets used for special events and holidays. The rest of the year it sits fairly empty. Adding book cabinets and a secretary desk can turn it into a cozy library or office space that buyers will appreciate when you decide to sell.

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With the chilly winter temperatures and short days, winter is a fantastic time to organize your home. If you're ready to put your home on the market, our REALTORS® recommend decluttering your spaces so that your home is more appealing to potential buyers. Here are a few tasks to add to your to-do list so that your home looks its best. 

1. Go Through Your Seasonal Stuff
   Start by going through your seasonal items, like holiday decor, yard tools, and weather-specific clothing. If you haven't used an item in the past year, consider if it's contributing to the life you want to live. Once you've pared down your seasonal belongings, store them in plastic storage boxes so that they'll be protected from the elements when not in use. Make sure to label what's in each box so you don't have to open several boxes to locate an item. Seldom-used seasonal items can take up a lot of space in your home and even make it appear smaller. If possible, transport the items to another location, like a storage unit or storage shed, when it's time to sell your home.

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Cold winter weather combined with holiday distractions typically makes this the slowest time of the year for the housing market. However, current market conditions point to this winter's "slow" season being super hot! 

Our REALTORS® have been busy helping buyers who are anxious to find the perfect Nassau County homes for sale while interest rates are low. Other factors, like pent-up demand and low inventory, have made this a great time to put your home on the market. Here's a closer look at the reasons why this holiday season may be the best time to list your home.

1. Low Housing Inventory
   In September of 2020, the total inventory of homes hit a record low of just 2.7 months of supply. At the same time, sales of existing homes were up 9.4%. Projections show that if sales continue at this rate, there's a possibility we could actually run out of homes for sale. 
   
   While this might not be great news for buyers, it makes now a very attractive time to put your home on the market.

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