NWA Real Estate | S1E8 | Tips for Sellers

14.11.22 04:41 PM By Ryan Veit

Keys to a Stress Free Listing

-May 4th, 2022-

Are you moving to Bentonville, Arkansas? What about Rogers, Fayetteville, Springdale? Northwest Arkansas is quickly becoming one of the TOP AREAS to move to in the country receiving national recognition in publications like Forbes, Fortune, and US News. With local attractions like The Crystal Bridges Museum of American Art and Collegiate Athletic Events with the Arkansas Razorbacks our small corner of Northwest Arkansas has everything city life has to offer minus the traffic jams. In 2010 Bentonville began its Downtown Revitalization Program which set off a surge in area development, attracting new businesses and developers ready to invest in our future. NWA is no longer the sleepy small town it once was. Our region is emerging as the premier mountain biking destination in the country and becoming a hub for the performing arts. 

Housing Supply

Current Interest Rates | 5.25%

Weekly Spot Check Active (vs 2Wks ago) | 430 ⬆️ 504

New Listings (vs 2Wks ago) | 177 ⬇️ 205

Avg Sales Price from Q1 of 2021 vs 2022 | $289K ⬆️ $365K (21%)

Number of Homes Sold from Q1 of 2021 vs 2022 | 2,358 ⬆️ 2,639 (11%)

Since 2019, Avg $/sqft has gone up 7% in 2020, 15% in 2021, and 18% in 2022

Agenda

Thinking about selling your home? We'll share our tips before listing, attracting buyers, getting under contract and reducing stress to maximize your home selling experience.

CHAPTERS: 

00:00-07:43 - Intro 

07:44-12:44 - Market Update 

12:45-19:20 - 4 Paths for Sellers 

19:21-23:43 - Best Tips to Reduce Seller Stress 

23:44-34:48 - Showing Your Home

Before you List Your Home

  • Figure out where you are moving to next before listing your home
  • Move into your second home, or in with a family member. Give yourself some flexibility in the selling process wherever you can
  • Buy first, sell later. If you can purchase without having to close on your existing home first you will be able to figure out where you are going next, move in, and then be patient and review all offers for a stress free experience selling your existing home
  • Request a non-refundable deposit. In this tight market you have to work with serious people. You are going to have to go hard in your pursuit of your next home so if you have a contingent offer on the buying side then you need a serious buyer that will close on your home as well. A non-refundable deposit lets you know that they are committed to closing
  • If you cannot find a home and successfully get under contract in the 2-3 weeks you told your buyer you would need then be prepared to get a short-term or up to 6mo rental while you continue to house hunt

Tips for Sellers

  • Don't listen to the neighbors
  • Figure out where you're moving next before listing your home
  • Price your home where the comps support it. Yes, you want to maximize the value of your home but you need a realistic starting point
  • Discuss all your priorities, timeline, and multiple estimated net seller's proceeds scenarios at different price points based on where your home could sell
  • Ask for appraisal gaps & non-refundable deposits if buyers are offering over asking price
  • "Pop of Color" refresh those flower beds or just a couple of flowers here and there. White or yellow is recommended for photographs
  • Take care of the small things because they could create caution/concern with the potential buyers about bigger projects
  • DECLUTTER. Put away the majority of knick knacks in the living room shelves, kitchen counters, and closets. Box them up and stage them in the garage
  • Do a moving/estate sale to help declutter and make some extra money you can put towards your moving expenses
  • Wash your windows, inside and outside
  • Update your light bulbs and make them consistent throughout
  • Go out of town that first weekend you are on the market so you don't have to come and go all weekend when showings occur
  • Tell your agent if you need to block out time for meals, kids naps, working hours, etc
Contact Information

Get in Touch

5yrs of Experience

VA Loans, First-Time Home Buyer, Investors

(479) 225-9100

Ryan Veit

20yrs of Experience

Downtown Bentonville, Corporate Relocation, Luxury

(479) 644-1849

John Mayer

Ryann Thornton

Ryan Veit

Items have been added to cart.
One or more items could not be added to cart due to certain restrictions.
Added to cart
- There was an error adding to cart. Please try again.
Quantity updated
- An error occurred. Please try again later.
Deleted from cart
- Can't delete this product from the cart at the moment. Please try again later.