After the first of the year, a surge of activity unfolds, marking the beginning of the Spring Market in real estate. Recognized as the most opportune time to sell, the spring market is propelled by factors such as a surge in eager buyers, tax returns fueling home purchases, extended daylight hours, and the allure of vibrant landscaping and curb appeal. February serves as the ideal launchpad for preparing your home to shine in the spring real estate market. While exterior enhancements may be limited, it’s prime time to elevate your home’s interior.
Refresh & Declutter
Buyers often struggle to envision the potential of a space, finding it challenging to look beyond its current state. Presenting a clean and inviting home at the moment of listing, lays the groundwork for a successful sale, captivating the attention of buyers as the market reignites.
Tackle Necessary Repairs & Updates
Address lingering issues like leaky faucets, squeaky doors, and missing switch plates to present a well-maintained and cared-for home. Consider refreshing your walls with a neutral color palette, replace worn carpets, or give hardwood floors a facelift for added appeal.
Consider Bigger Projects
Major updates, especially in HVAC systems, can yield a high return on investment (ROI), often around 95%, according to Zonda. Kitchen remodels and bathroom renovations, with ROIs of 75% and 58%, respectively, enhance a home’s overall appeal and value. Refreshing your home will increase interest & competition resulting in the potential for multiple offers and a higher sales price. Seek guidance from a local real estate expert to identify projects that hold worthwhile investment potential.
Winter presents certain landscaping limitations, so focus on enhancing accessible aspects. Clear snow and ice, ensuring safe access, and consider adding tasteful winter planters or a welcoming doormat to infuse charm.
Showcase Outdoor Potential
Highlight the potential of your outdoor areas by clearing snow from decks, arranging outdoor furniture, and emphasizing possibilities for enjoyable gatherings in the spring and summer.
Buyers are demonstrating a willingness to invest more in a property that requires minimal immediate attention. Take advantage of this opportunity to strategically ready your home for the market. Seek advice from a local real estate expert to identify worthwhile projects and determine the optimal time to get your home listed.
Despite a slight 3.9% dip in prices from December to January, our region continues to boast commendably high average sales prices, now standing at $323,227.
The Months Supply of Inventory expanded to around 2.5 months in January, fostering optimism among buyers who anticipate more options in the upcoming Spring Market. However, it’s important to note that we remain firmly in a sellers’ market due to the persistent lack of inventory. Sellers can still expect multiple offers and the potential for sales at or above the listing price.
Get To Know Our Agents!
Introducing Steven Hanley
How long have you been an agent? How did you get into it?
I have held my license for 3 years and have been actively and eagerly pursuing real estate for almost a year now. I had previous experience in the industry as a loan originator and have always had a desire to remain in real estate.
What’s the best part about being an agent?
It’s a great feeling to be the person that sets my clients up for success by avoiding issues through upfront planning and keeping an eye on the details and those little things that could turn into big issues. Even in instances of adversity I enjoy working through the issue to ensure the end result is a happy client.
What do you love about the capital region?
Since I call the capital region home, I can tell you firsthand why people fall in love with this area. From charming towns like Saratoga Springs to the natural beauty of the mountains and lakes, there’s something for everyone. The job market is booming, schools are top-notch, and the cultural scene is vibrant. But what truly sets us apart is the warm community spirit. It’s not just a place to live, it’s a place to belong.
What makes you a great agent?
Clients choose me for my honesty, responsiveness, and calm demeanor. I prioritize their needs and keep them informed throughout the process. Whether buying or selling, I take pride in being their trusted advocate, ensuring a successful and positive real estate experience.
What do you love about Romeo Team Realty?
At Romeo Team Realty, I thrive in the close-knit environment where collaboration reigns supreme. While small, our team packs a punch, delivering exceptional service to our clients. I love the supportive atmosphere where everyone rallies behind each other, putting client needs at the forefront. It’s not just a team, it’s a family, and that makes all the difference in creating a truly fulfilling real estate experience.