Sellers, beware! When it comes to RI listings, missteps can mean prolonged market time resulting in fewer offers and lower sale prices. This blog explores the top blunders holding your home back from a lightning-fast sale: pricing too high or low. Poor photography choices? Find out what not to do when listing an RI property and take control of the situation today.
What Is the Average Time to Sell, and What are the Influences?
· In 2022, it took only an average of 71 days for a home to go from listing day right through closing. That’s just over five weeks until you can get offers rolling in and another month before they are finalized.
· Market conditions such as buyer demand and the job market, increasing home values even time of year can make a difference. Plus, don't forget to consider the property’s type and condition.
· The time it takes to close a sale isn't always an exact science. Your real estate agent's listing strategy, like pricing and marketing decisions, as well as the buyer's financing situation – i.e., how quickly they can get pre-approved for a loan - all play into how long your home is on the market before someone makes an offer!
Inaccurate Pricing
When selling real estate, the list price is one of the most important factors. If priced too low, you may miss out on potential profits; priced too high and you could be left with a property that takes longer than anticipated to sell. That's why finding an experienced realtor who can help set your listing at just the right amount pays off! When you work with an established company like the Liz Kettelle Team at REMAX, you can be sure we are staying up-to-date with ever-changing market trends; we’re ready to provide tailored solutions, so sellers avoid leaving money on the table or scaring away buyers.
Poor Photography
When it's time to sell your home, you want buyers' eyes to light up the moment they see the listing. Quality photos and videos are key in helping potential buyers get a clear picture of what they’re looking at. I like to invest my time into making that happen for my clients with professional photography/videography and quality editing. A little extra effort could pay off down the line by catching more attention from interested parties. Why settle for uninspired pictures; work towards having stunning visuals of your property so that viewers can easily recognize its value without scrolling past it.
Failing To Stage the Home
When it comes time to stage your home for sale, the proper placement of furniture and decorations can make all the difference. I take great care when helping my clients develop a strategy; staging correctly gives prospective buyers an emotional connection while ensuring listings sell quickly! Without effective staging, buyers might not be able to envision themselves living in that space - costing you valuable time on the market.
Final Thoughts
If you're looking to put your Rhode Island property up for sale, certain missteps could end in disaster. From pricing inaccuracies and lackluster photos to improper home staging - these can be costly mistakes. With an experienced RI realtor on board, though, those selling their homes will have the guidance they need throughout each step of the process, making sure everything is handled expertly and efficiently, resulting in a speedy closing agreement.
Conclusion
Are you in the pre-planning stages of selling your home and buying a new one? We can help! Our full-time, full-service experience ensures you are always included in the cold. Please get in touch with us or call (401) 823-7701 for help with your upcoming transition.