5 things to consider before selling your home in 2023

If you're thinking of selling your home in the next few years, there are a few things you'll want to keep in mind. The real estate market is constantly changing, so it's important to stay ahead of the curve. Here are five things to consider before selling your home in 2023:

1. The current state of the housing market

2. Whether or not you're ready to downsize

3. The cost of selling your home

4. How long it will take to sell your home

5. Your personal timeline and motivation for selling

By taking all of these factors into consideration, you'll be able to make the best decision for yourself and your family when it comes time to sell your home.

The current state of the housing market - is it a buyers or sellers market, and how will that affect your sale price?

If you’re looking to buy or sell a home in Fargo, 2023 could be the right time to sell. While interest rates are much higher then the last 3-4 years, supply of homes for sale is still low. If you're looking to sell, this means the competition is still relatively low for homes like yours. A trustworthy real estate agent can best advise on pricing based on recent comparable sale prices and their knowledge of the current market environment.

Your home's unique features - what makes it stand out from other houses on the market, and how can you capitalize on that?

When you're selling your home, the unique features that make it stand out ought to be a key factor. Not only will you want to make sure these features are highlighted, but also take advantage of them - after all, it's these qualities that will help you get the best price in the shortest amount of time. If your home has waterfront views, like on Bluemont Lakes or an expansive kitchen, those could be a valuable selling points. Perhaps your home is situated in a neighborhood that values quiet over hustle and bustle - what homeowner wouldn't love that? Whatever it is, be sure to remember that highlighting your home's individual features can have a positive impact on its value.

The location of your home - is it in a great neighborhood, close to schools and parks?

Where is your home located? Is it in a high demand area like Rosecreek? Some areas are more in demand and can have a large effect on pricing your home. Lot size and specials are also a huge consideration in the FM area. Ask one of our agents today on what areas are in the most demad.

Your personal timeline - are you selling because you need to move for work or family reasons, or because you're ready for a change of scenery?

Your personal timeframe can have a large impact on the speed of which you need to sell your home and the speed at which you need an offer. If you have put in an offer on your next home, most agents will want to see your home on the market within 72 hours. This can add stress to the process so aware of your timeline and how time crunches can add stress and urgency to getting any to-do items done before you sell.

If you're thinking of selling your home, there are a few key things to consider that will affect the sale price. First, take a look at the current state of the housing market - is it favoring buyers or sellers? This can give you an idea of how much competition you'll be up against when listing your home. Second, think about your home's unique features - what makes it stand out from others on the market? You can use this to your advantage by highlighting these aspects in your listing. Third, consider the location of your home - is it in a desirable neighborhood with good schools and public transportation options nearby? buyer demand will be higher in these areas. Fourth, take a look at the condition of your home - have you made any recent renovations or repairs that would make it more appealing to potential buyers? And finally, think about your personal timeline for selling - do you need to move for work or family reasons, or are you just ready for a change of scenery? Answering these questions will give you a better understanding of what to expect when selling your home. If you're not sure where to start, reach out to us and we'd be happy to provide you with an evaluation of your property.