Our Baltimore market is hot right now, but that doesn’t mean buyers and sellers don’t need to be mindful of a couple things before making a move.
Spring has brought us some nice weather, but what’s happening in our market right now?
Things are very busy and very hot. One thing I’ve been noticing lately, though, is home sellers thinking they don’t need to stage, declutter, and depersonalize their home before listing it.
If you’re a seller, you still need to prep your house for the market. If you need painting or carpeting done, make sure you do it ahead of time. You can also make use of “Coming Soon” signs so that people know you’re getting ready to put your home on the market while you’re prepping it. Like I said, our market is very busy, and I don’t want you to enter into it with false expectations.
I’ve talked to our own stager about this problem and she said in today’s market, some people are skipping the staging process in the beginning because they assume their home doesn’t need it. Sure enough, these same people are calling her a month later after they see their neighbor’s house sell and their own stay on the market.
On the buyer side, we’re seeing multiple offers on a lot of properties, so the first-time homebuyer market is very active. The move-up market above the $500,000 range is slightly slower, though. Interest rates are still very low and could possibly dip again, but we’ll see what happens over the summertime because last year they decreased during the summer months.
If you have any more questions about our market or are looking to buy or sell a home, please give our office a call. We look forward to helping you.