If you’re ready to capitalize on Oregon’s hot real estate market, you may be wondering about all the steps involved in selling a house there. Home prices have been surging in many cities across the state. For example, the median sales price in Madras has increased by nearly 50 percent in the past year, according to Redfin, while prices in Coos Bay have leapt by 39 percent.
However, selling a home in Oregon doesn’t automatically mean you’re in for a massive payday. To make the most of your home’s value, start with this guide to walk you through some of the most important details — what you need to do to get the house ready, when you should list your property, who you should hire to help and how much you’ll need to spend to close the deal.
Are you ready to sell?
Before you start looking for buyers, you need to figure out a pretty important detail: Where are you going to go next? Selling your home while you’re still living there is tricky, and if you’re planning to sell your house and buy another at the same time, you’ll need to craft an appropriate timeline to avoid paying two mortgages. In addition, it’s important to remember that while you might be able to enjoy the benefits of a seller’s market, you may also feel the pain of that scenario as the tables turn and you’re the one looking to buy.
Preparing to sell
Once you’ve decided you are ready to leave your current home (both financially and emotionally), it’s time to get the property prepared to impress buyers. Start by answering these three questions.
1. Is it worth upgrading your home before you sell?
Major upgrades, like kitchen remodels or bathroom renovations, rarely recoup their costs. Plus, supply chain issues and labor shortage challenges are only making home upgrades take longer and cost more. However, you may want to consider some fast ways to increase your home’s value, such as adding an energy-efficient thermostat or installing a new front door.
2. What should you repair before selling your home?
Put yourself in the buyer’s shoes to figure out what you need to repair before listing your home. If you have glaring issues, like a leaky shower or carpeting that’s been ripped up by your dog, these obvious problems should be addressed before they turn off prospective buyers. It can also be prudent to get a pre-listing home inspection. These cost a few hundred bucks, but they can identify any issues before they turn up on a …….