With the economy showing signs of improvement for the first time in over five years, many home owners are considering potentially selling their home or upgrading and purchasing a new one. If a new home is in your future, you’re in luck. The National Association of Realtors President, Gary Thomas joined me this week for an interview to discuss whether or not we’re in a sellers or buyers market (and what this all means), how to properly stage your home for an open house and simple tricks on how you can be a savvy seller!
Candace Rose: Are we in a sellers market or in a buyers market? What does this mean for the average person?
Gary Thomas: “Well, we’re really into a sellers market in most of the country or trending towards a sellers market in those areas that aren’t quite there yet. Those areas would have a balanced market, and again trending towards a sellers market. And what that means are buyers are going to have to be ready to buy when they go in to make an offer, and they’re going to have to be realistic.
As a seller you’re still going to have to make sure that the home looks great and that it’s properly priced.”
Candace Rose: Can you share some techniques for being a savvy seller?
Gary Thomas: “You bet. One of the things that you want to make sure of as a seller is that the home has great curb appeal so when a buyer drives by up to the property it looks great and inviting to them. The yard looks good, you have some flowers planted, you have the front door painted so it’s inviting to the buyer.
Once inside, you want to make sure that you get rid of clutter and you want to make sure that both the kitchen and the bathrooms are in great condition.
As a realtor, a realtor can help them stage the property to make sure it’s really appealing to any buyer that comes in.”
Candace Rose: And speaking of staging, do you have any home staging tips for an open house?
Gary Thomas: “Sure. One of the best places you can go to is a website: HouseLogic.com. HouseLogic.com has great tips for both buyers and sellers, and on the sellers side it will give them staging tips.”
Candace Rose: What should you be considering if you’re looking to buy?
Gary Thomas: “Well, the first thing you want to do is be pre-qualified so that you know exactly what you can afford and what fits your budget.
And then the other things that you want to do is take a look at the area in which you want to live in. Is it close to transportation? If you have children or are going to have children, does it have a great school system? All of those things are important, and so one of the things you can do both as a buyer and a seller is to go to open houses on a weekend. As a seller that’s going to tell you what the competition is, and as a buyer it’s going to show you what’s available in the area. So both the buyer and the seller would be beneficial going to open houses.”
Candace Rose: Do you have any additional tips or information you’d like to share with us?
Gary Thomas: “Sure. If you’re going to go to open houses, one of the places that you can find them is Realtor.com. At Realtor.com they’re going to show the open houses in your area each and every weekend. So that’s a great place. And again, for the tips on buying and selling, go to HouseLogic.com. And don’t forget to use a realtor because they’re going to give you the best advice and be able to walk you through the process from the beginning to the close.”