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Tips for maximizing the value of a home

On Behalf of | May 9, 2019 | Firm News, Real Estate Law |

While Florida homeowners are still seeing their homes appreciate in value, home prices are rising at a slower rate. Slower price appreciation may be a sign that a buyer’s market is approaching. At a minimum, sellers will have to do more to get the most for their properties. One way to possibly get more for a home is to list it during the spring months. According to Realtor.com, homes listed in April had more views and less competition than other months.

Specifically, homes listed between March 31 and April 6 could sell for an extra $17,000 based on 2019 market data. However, this is not the only time that buyers will pay more for homes. Sellers were able to get up to 9.2% more than their home was worth by selling it in June. This compares to a 6.4% premium in April and a 4% premium in October, December and January.

Those who are looking to sell their homes may not want to spend on a big kitchen or bathroom renovation. Instead, it may make more sense to make smaller cosmetic changes such as new paint or refinishing hardwood floors before putting a home on the market. This is because sellers generally don’t recoup the entire cost of a major renovation project.

A professional who understands real estate law may be able to help a person sell his or her home. This person may walk a seller through the process of making necessary disclosures or go over any offers that a seller receives. Furthermore, it may be worthwhile to have a legal professional do a title search to ensure that there are no issues transferring the home to its next owner. Generally, homeowners are liable for any problems with the property until it’s sold.