Tips for spring home buyers and sellers

Chris Courtney, board president of Realcomp shares these tips for home buyers and sellers during the hearing spring market. 

Looking to Sell?

Curb Appeal - Now that the snow is finally melting, take a look at your home from the street side view to see your home through the eyes of potential buyers. This is the first "non-virtual" view they will have of it, so you want to give them a lasting impression. This will lead to things like tidying up your yard [picking up fallen twigs, raking leaves, cleaning up garden, etc.), making necessary repairs to the outside of the home [maybe securing loose siding, gutters, etc.), cleaning outdoor light fixtures, giving the front door a fresh coat of paint, etc. You want the best curb appeal possible - so start here.

Declutter your house - Buyers can better visualize their belongings in a property when it is less cluttered with the seller's items.

Clean your home - dirt and bad odors can be a huge "turn off" to many buyers.

Tackle those long awaited remodeling projects. Kitchen remodels (done right) always bring great value to a home. Find out from a REALTOR® in your area what home buyers are typically looking for when it comes to buying in your neighborhood and how various remodel projects are likely to impact your home's value.

With home values on the rise, now is a great time to sell. Metro Detroit has seen median home prices increase, on average, 18% since last year. Consult a local REALTOR® expert in your area for a comparative market analysis.

Looking to Buy?

Interest rates are still low, historically speaking. This helps in affordability and sustainability over the life of the loan. So, now is a great time to buy.

If you're planning to seek financing, get pre-approved for a mortgage to learn how much home you can afford. You might even consider becoming fully approved in advance to be able to set the wheels in motion when the right home comes along.

Additionally, inventory is up a little (6% over last year), so there are more homes on the market for buyers to choose from. This is good news for buyers, but don't wait. The prime selling/buying season typically peaks around July/August.

Do your research - begin your home search online and be sure you use websites that provide accurate data. A great place to begin your search is MoveInMichigan.com. This website is maintained by Realcomp - the states' largest MLS and the site is updated in real-time based on activity as it occurs on the MLS system. Once you've acquainted yourself with market values and trends, get to house hunting and start seeing the properties in person.

Consult a local REALTOR® expert for the expertise they'll bring to your purchase.

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