April has turned out to be one great month! In the last few years April has been pretty quiet around the basin but with a decent Winter mostly behind us the traffic through town has been steady and sure. Late season storms allowed the ski resorts to stay open extra time bringing more people through town. More people through town means more buyers. Selling season got off to an early and most excellent start.
While February brought inventory to it’s annual low, May is looking strong with new listings being added daily. This is the perfect time to tackle those maintenance projects that have been put off, declutter your space and get it ready to move. If you have been toying with the idea of selling this season, there is no better time than now.
Many sellers are taking advantage of deferring the tax on sales by opting for the 1031 exchange. This is ideal for those who are selling investment properties or land. There are a few rules to follow and it can not be the sale of a primary or second home, but it is an easy process and could save you money. Below is a link to get you thinking about the possibilities should you choose to sell and purchase a like kind property.
Clearly, pricing your home is going to be the most critical step in a quick sale. Ask your real estate agent for help in finding comparable properties that will guide you in choosing the right price to ask for your home. Often sellers can be a bit over confident…then add in an emotional element…well, overpricing is sure to follow. Homes that are overpriced get fewer showings and fewer showings means fewer chances to find the right buyer. Pricing your home reasonably could actually get you more than asking price should several people offer.
Maybe you are not in a position to do all the fix it projects around the house…it will still sell if it is priced accordingly. Take into consideration the amount of work that someone will need to do to get the place move in ready and then price your home with that in mind. Many buyers purchase with remodel on the brain and don’t mind that it is not in stellar condition…that is okay. Below is a link with some great tips to get your house market ready!
If this is your season to sell your Tahoe home, I wish you the best. We have an excellent team at Realty World Lake Tahoe and we will get the job done for you!