Selling your home during the Holidays

The Holiday Season has arrived and many home sellers are concerned it’s the wrong time to list their homes. The truth is that the holidays can be a great time to sell your home. Not only does your home look more beautiful dressed up for the holidays, but buyers are often more emotionally tied to the home because of it. There is no need to wait for the hectic New Year selling season to list. There are benefits to selling now!

  • Lower Inventory – Typically there are fewer homes on the market; fewer homes mean less competition. Inventory is still under the 6-month supply needed for a normal housing market. Waiting until Spring will increase the choices buyers have. Don’t wait until additional inventory comes to market before you decide to sell.
  • Serious Buyers – Buyers during the holidays tend to be more serious than at other times of the year. Moving is not fun at any time of the year, but the holidays are particularly hard, so buyers willing to do this are serious about moving. There are buyers ready, willing and able to purchase and are in the market right now.
  • Interest Rates are Still Low – No one knows what’s coming in the New Year, but for now, Interest Rates are still traditionally low.

The Holiday Selling Season is here. Home sellers can capitalize on the slower pace, smaller inventory and serious buyers by listing now. Deck the halls and offer a warm, cozy home to potential buyers and take advantage of the season for selling your home now.

We would like to help you decide if your home is ready to sell this winter. If you’re ready to sell or would like to learn more reach out to us! We’d love to hear from you.

Going Green: Eco-Friendly Updates to Up Your Home’s Value

Eco-friendly and energy efficient upgrades aren’t just good for the earth—they’re also good for your wallet! While tried-and-true value-boosters like updated kitchens and bathrooms and new flooring still boost your price, energy-efficient additions are in, and people are willing to pay extra for them.

If you’re looking to boost your Main Line home’s value and save some in the long term, here are the best eco-friendly updates to make before selling.

Energy-Efficient Windows

Windows.

While replacing your windows can be a little pricy—ranging from a few thousand dollars to over $20,000 based on the number and quality of windows you choose—your savings will more than pay for it. According to a recent Cost vs. Value report from Remodeling, replacing 10 of your windows with vinyl upgrades can add almost $11,000 to your resale value.

Along with windows, replacing your door can be a much more affordable choice, but it won’t net as high of a return.

Solar Hot Water Heater

Solar hot water heaters are an energy-efficient alternative to a regular hot water heater and can decrease your water heating bills anywhere from 50% to 80%.

Many times when buyers are seriously looking at a home, they’ll ask the owners for recent utility bills. Handing over a bill that’s less than half the cost of what’s expected not only gives you a huge leg up on the competition, but it also makes your home more valuable.

Insulation

Replacing your insulation is one of the more affordable options for upgrades, coming in at just over $1,000. But when you’re reselling? New insulation—in just your attic alone—provides a 116% return on investment.

Other insulation options include your walls and basement, and these options will also up your home’s value and save money on heating and cooling bills.

Solar Panels

A solar panel.

Obviously, solar panels are going to be one of the most expensive eco-friendly upgrades. A decent portion of the profit from solar panels comes after they’ve been installed for a few years, so it might be an update you make early on in home-owning.

If you do opt to install, the average added profit for a medium-sized home with panels is just under $30,000. Plus, homes with solar panels typically sell 20% faster than those without. Of course, if electricity prices rise or are already high where you live, then you can expect that number to be a little bigger.

Smart Technology

A smart thermostat.

Smart tech in the home is one of the most popular current trends. In fact, 70% of millennials—AKA one of the largest home-buying demographics this year—say that they specifically look for homes with smart technology.

When it comes to being eco-friendly and energy-efficient, smart technology offers a few options. Smart thermostats can help regulate your home’s temperature and save your money on bills. Smart lighting can turn on and off based on when you’re at home or in certain rooms. Best of all? These are some of the most affordable upgrades, but will make your home rise above the competition.

Ready to List Your Main Line Home?

Now that you know what it takes to boost your home’s listing price, it’s time to get ready to sell. Explore some of the resources my team has to offer sellers around the Main Line, and give us a call when you’re ready to get started!