Austin is Number Nine in the Nation in Terms of Growth
Welcome to Austin, Texas. Arguably Texas’s best and most interesting city—sorry, Dallas—Austin has it all. Whether you’re in the mood for some delicious barbecue, looking to go to a concert or festival, or just want to stroll around a beautiful park, Austin is the place to be. Quite honestly, we’re not surprised at all that this metropolis is one of the fastest growing in the nation. In fact, we’re number nine. What this means, though, is that homes in the area are being bought by the minute. This also means that as more and more people continue to move into Austin and purchase homes, the average home price goes up.
With this in mind, if you’re a homeowner in Austin and you plan on selling your home in the next year or so, then you’re not going to run into too many issues with selling. In fact, if you play your cards right, you can take advantage of the market and sell your home for a price much higher than what you originally bought it for. Here’s how to find the best time to sell in Austin and how to sell the right way.
What does “best time” mean?
Best time can mean a lot of things to a lot of people depending on what is most important for them to accomplish during the selling process. We’re going to focus on two main things: selling quickly and selling for more money. We’ve already mentioned that the housing market in Austin is hot, so off the bat, you should be able to accomplish both of these. However, if you sell during specific months, you can really capitalize on the price of the home and how long it takes to sell it.
The longer your home is on the market, the worse off you’re going to be. Homes that stay on the market too long tend to sell for less money and are generally harder to sell as time moves on. Selling quickly helps to secure a better price and generally makes the process a lot easier. The best time to sell in Austin quickly is the month of June when homes sell for around 10 days faster than the yearly average. If you want to sell fast, list your home for sale in April since homes tend to take about three months to sell.
Selling for more
It’s a no-brainer that anyone who is trying to sell their home wants to do so for the highest value possible. Again, given the current housing market in Austin, this shouldn’t be a problem. The best way to take advantage of this is to sell your home at the right time. The data suggests that the best time to sell for more is the month of June, when homes tend to sell for around 4.52% more than the yearly average. Given that the average cost of a house in Austin, Texas is around $400,000, you can really hit the mark in terms of selling for more money.
The month to shoot for is June when it comes to selling both quickly and for more money. We suggest that you list your home in April since it takes around three months to close on the sale. Since April of 2019 is still a bit away, here are some tips to get ahead of the game so you can sell your home both quickly and for as much money as possible.
Hire a real estate agent
According to statistics provided by the National Association of Realtors, homes that were sold with the assistance of a real estate agent sold for nearly $60,000 more on average compared to homes sold by the owner alone. Because real estate agents have the knowledge and the foresight to understand the selling process, they can help you not only sell for more, but also sell your home quickly. Selling homes is a tricky and complicated business; don’t go about it alone!
Learn the market
It’s super important to pay attention to housing trends not only in Austin, but in your specific neighborhood. Research what buyers are looking for, what house traits are most popular at the moment, and the demographic of people in your area. This will help you to both determine a reasonable price for the home and know how to stage it for the right audience.
Plan smart renovations
Renovations and home improvements can both increase the value of the home and provide a solid return on investment. Choose wisely, though, because not all home improvements carry the same weight. Determine which home renovations increase home value the most by doing some research. For example, according to the Cost vs. Value report by Remodeling Magazine, renovations such as a new steel entry door, a garage door replacement, and a stone veneer all provide ROIs over 90%.
Interested in selling your home and need a team of experts to help with any remodeling or renovation projects? ATX Design build in Austin has your back. Contact us today to get started!