This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Prep Your Home to Sell This Spring

BOSTON ( MainStreet) -- Spring may be the time when a young man's fancy turns lightly to thoughts of love -- but home sellers probably just want someone to buy their places before summer arrives.

After all, spring is historically the busiest time of year for home purchases, and the National Association of Realtors expects transactions to rise 7.7% this season after years of flat or declining spring sales.

Spring is well-known as the busiest time of year for homebuying, so home sellers should take steps to stand out.

" Spring is one of the best times of year to sell a home," says Paul Wyman, a NAR vice president who owns Kokomo, Ind.'s Wyman Group Realty firm. "There's no doubt that there are a greater number of buyers in the spring, as evident in the higher number of sales during this time of year."

The nice weather not only attracts more would-be home buyers, though, but also more would-be home sellers -- so it's essential to make your property stand out from the crowd.

"You have to realize that in springtime, you're certainly going to have more competition from other homes," Wyman says. "Not every seller focuses on lighting, cleanliness, first impressions and things like that, but the folks that do are most likely to make lasting impressions and receive offers."

Here's a look at six things Wyman says smart sellers will do this spring to get their properties moving:

Set a realistic asking price
Homeowners who insist on listing properties at prices they could have gotten during the housing boom shouldn't expect offers any time soon.

"If folks overprice their homes in the current marketplace, all they're doing is helping sell other homes in the neighborhood," Wyman says.

He recommends sitting down with an expert who'll suggest an asking price by analyzing how much comparable homes in your neighborhood have sold for in the past year. "For sale by owner" sellers should check local newspapers for recent property sales, hit Web sites such as Zillow.com (Z) for estimated values or pay a few hundred dollars for a professional appraisal.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%
YHOO $44.45 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs