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Selling A House In Massachusetts – Bankrate.com

If you’re thinking about selling your home in Massachusetts, you’ve picked a good time: New listings for single-family houses and condos have been steadily declining here, according to the Massachusetts Association of Realtors. …….

If you’re thinking about selling your home in Massachusetts, you’ve picked a good time: New listings for single-family houses and condos have been steadily declining here, according to the Massachusetts Association of Realtors. That means every new property listed will capture attention from buyers. Some areas in the Boston metro region are especially promising for sellers. For example, Redfin data shows that median sale prices in Holliston jumped to $749,900 in July — a 21.4 percent increase over the past year — and the typical home spends just 13 days on the market.

Putting your house on the market doesn’t automatically translate to a massive profit, though. As buyers deal with the stress of rising mortgage rates, you’ll need a thoughtful sales strategy. Read on for a rundown of what you should consider and how much you’ll have to pay to sell your house in Massachusetts.

Are you ready to sell?

Is it time to sell, or are you better off waiting? The answer depends on your personal circumstances: how much cash you’ll need to cover the cost of living in your new location, when you will be ready to move and whether you plan to use the money from the sale to cover your next purchase. While you will enjoy the upsides of the seller’s market now, be aware of the potential headaches that await you as a buyer.

Preparing to sell

Is it worth upgrading your home before you sell?

If you’re thinking about investing in a big renovation project, keep in mind that it could cost a pile of money and take a long time — supply chain issues and labor shortages are impacting the remodeling industry. You run the risk of letting the current seller’s market in Massachusetts slip by while you wait for a contractor to rip up your kitchen floor, and you likely won’t make back the full cost. Rather than delay your sale, it’s smarter to consider quick and inexpensive ways to boost property value instead.

What should you repair before selling your home?

One of the best ways to figure out what you need to fix before you try to sell your home is a pre-listing inspection. Essentially, you’ll hire a home inspector to identify any issues that could impact your ultimate sale price. As you think about what to repair versus what not to fix, you can also take a simple approach: Are there any glaring issues that would turn you off as a buyer? Put those at the top of your priority list. They will be worth the investment.

Should you pay to …….

Source: https://www.bankrate.com/real-estate/selling-a-house-in-massachusetts/

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