Real Estate Market Update - September 2020

Real Estate Marketing Update September 2020

Here is the Real Estate Market Update covering August 2020 statistics for Virginia Beach and the surrounding areas of Hampton Roads. More information can be obtained from The Real Estate Information Network. Read more here….

Cities	Median Residential Sales Price
Norfolk Virginia Beach Portsmouth Chesapeake Suffolk Hampton Newport News	$243,500 $315,000 $199,000 $305,000 $299,900 $210,000 $218,000

Home Sellers: How to Price Your Home Right

Selling your home is a numbers game. Putting your home on the market at a competitive price gives you a competitive edge. Pricing your home right helps your property sell fast and gives you the best chance of getting the best return for your property.

Need some help in pricing your house? Here are some tips:

Who are your buyers?

Knowing what your buyers are looking for in a home helps you to modify your price to reflect the buyer’s needs and speed up your sale.

Who is your competition?
Find out what your neighbors nearby are offering for their home. Having a home that is overpriced will turn buyers away, so having a price comparable to homes in the neighborhood will likely help your home to sell fast.

Focus on features and, where possible, make upgrades

Create a neutral but attractive place by staging the home and depersonalizing it. Give your front yard curb appeal. Upgraded kitchens make a difference, but so do simple features like doorknobs and light fixtures. Such details are what buyers will pay attention, so use this to your advantage and adjust your price accordingly if you’re not getting offers.

Consult an agent

An agent or Realtor® is able to determine your home’s current estimate by finding comparable properties and explain your neighborhood’s market.

Are you thinking of selling your home? Let me help you find the right price so your home sells quickly! Call me today to schedule a consultation.