Selling your home in Lake Tahoe
Have you started thinking about selling your Lake Tahoe or Truckee property? The local real estate market is as strong as ever at the start of 2021, and many of the ongoing challenges of 2020 remain. Low inventory is one of the biggest concerns, along with rising new construction costs while lumber skyrockets, so know that your property can sell quickly. We’re not even talking about days- I have seen listings go up and get marked as a pending sale within hours. So with that in mind, there are certain considerations to keep in mind with the current state of the market. Here are four tips to get you started:
Be Prepared - The consistently low inventory is keeping buyers on edge and prone to making quick, impulsive offers. As mentioned, properties list and sell within a day in the current market. That means as a seller, you need to be ready to make a tough and sometimes quick decision with multiple offers on the table. If you’re still residing full-time or semi-permanently in the home, you may end up moving out much sooner than you think, so it’s wise to have your next steps planned out.
Put Your Best Foot Forward - Because of the speed of the market, it’s important to be able to list your property as close to the maximum price you expect to get. That means putting in the prep work, hiring cleaners, and maybe contractors to get through a long overdue project to-do list. Did that old roof leak stain never get fixed? It needs to disappear now, even though your roof is patched, to avoid scaring off prospective buyers. Aim for as few barriers to entry as possible to encourage all potential offers. Don’t leave money on the table!
Stage It - You know those barriers to entry I mentioned? One of the biggest is showcasing your personal aesthetic all over your property. Yes, those family photos absolutely belong on the wall...but not when you’re listing. Even your furniture choices might need an overhaul if you want to get the most for your property, so consider professional staging. Buyers need to imagine themselves in your space and picture a new life there. The fewer personal distractions interrupt that daydream, the faster an offer will come in. If you need help staging, trust the pros at Tinsel House Studio.
Hire the Right Agent - It’s important to have a realtor that can be your partner, and understands the current market complexities in order to cultivate ideal sale conditions for your property. That means understanding the history of the home, the neighborhood considerations and local amenities, how to photograph and stage your property, writing the perfect listing, and helping you navigate multiple offers into closing. So when you are ready to get started selling your Lake Tahoe or Truckee property, Classic Tahoe Properties is here to be that trusted partner. Give us a call today!