Planning To Sell Your House in 2025? Start Prepping Now
If your goal is to sell your house in 2025, now’s the time to start prepping. Even though it might seem like there’s plenty of time between now and the new year, you should get a head start on any updates or repairs you want to make now. As Danielle Hale, Chief Economist at Realtor.com, says:“ . . . now is the time to start thinking about what you need for your next home and then taking those steps to prepare to list . . . We have survey data that says 47 percent of sellers are taking longer than a month to get their home ready to sell, so getting them to start that process early can mean more flexibility.”By starting your prep work early, you’ll give yourself plenty of time to get your house market-ready by the end of the year. But be sure to partner with a great agent before you get started, so you have expert insight into what repairs are worth it based on your local market.Why Starting Early Is KeyTo get the best price and sell quickly, it’s important that your home looks its best. And that means it’s up to you to make the necessary repairs, declutter, and even consider updates that could add value as part of getting your house ready to list.By starting now, you can tackle things one task at a time. Whether it’s fixing that leaky faucet, refreshing your landscaping, or painting a room, getting an early start gives you the flexibility to do the job right and with as little stress as possible. Because, if you wait to knock items off your list later on, they could quickly stack up and get overwhelming. As Realtor.com explains:“There are some important repairs to make before selling a house, so don’t be in too much of a hurry to get your home listed … if you move too fast, buyers see right through the fact that you skipped important home renovations. And this . . . might end up costing you time and money.”What Should You Focus On?Feeling motivated to start chipping away at that to-do list, but not sure where to start? Here’s a look at the most common improvements other sellers are making today (see graph below):The Importance of Working with a Local AgentAnd while that data gives you a starting point, it shouldn’t be seen as a comprehensive list. What buyers want in your area may be different, and only a local agent will have this in-depth understanding.For example, if homes in your area are selling quickly with updated kitchens, your agent might suggest focusing on minor kitchen improvements rather than spending money on other areas that won’t offer as much return. They’ll also help you figure out if tackling larger projects, such as replacing your roof or upgrading your HVAC system, is worth it based on other recently sold homes. As Point says:“Not all renovations are created equal, and focusing on upgrades that offer the highest potential for increasing your home's value is key.”And remember, it’s not just big-ticket items that can have an impact. Your agent will also speak to some of the smaller details – like cleaning up your yard, adding fresh mulch, or painting your front door – to make a real difference in how buyers feel about your home. This type of expert eye is crucial to help your house sell fast and for top dollar.Bottom LineThinking of selling your house next year? Don’t wait until the last minute to get it ready. By getting a head start now, you can ensure everything is in place by the time the new year rolls around.Need advice on what to tackle first? Connect with a local agent.
Navigating Real Estate with Confidence: Meet Janet Arns
When it comes to navigating the intricate world of real estate, having a knowledgeable and dedicated agent by your side can make all the difference. Allow me to introduce myself—I'm Janet Arns, a seasoned real estate professional with years of experience helping both buyers and sellers achieve their property goals.
My journey in real estate began over a decade ago, driven by a passion for helping people find their dream homes and make sound investments. Throughout my career, I've honed my skills in understanding market trends, negotiating deals, and providing personalized service to each client. This expertise is not just professional; it's personal. As a mother of two wonderful children and a long-time resident of our community, I understand the importance of finding the perfect home that meets the needs of your family.
For buyers, my services go beyond simply showing properties. I take the time to understand your lifestyle, preferences, and budget to ensure we find a home that truly fits you. Whether you're a first-time homebuyer or looking to upgrade, I provide comprehensive market analysis and insightful advice to make your buying process as smooth as possible.
Sellers can also benefit from my extensive local expertise. I offer tailored marketing strategies designed to highlight your property's best features and attract potential buyers. From staging tips to professional photography and effective online listings, I ensure your home stands out in a competitive market.
In addition to working with buyers and sellers, I stay updated on the latest real estate news to provide my clients with informed guidance. Whether it's changes in mortgage rates, new housing developments, or shifts in local market conditions, I keep you informed so you can make educated decisions.
Choosing the right real estate agent is crucial for a successful transaction. With my deep-rooted knowledge of our community, commitment to exceptional service, and genuine care for my clients' needs, I'm here to help you navigate every step of your real estate journey. Let's work together to turn your property dreams into reality!
What To Expect from Mortgage Rates and Home Prices in 2025
Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.Whether you're thinking of buying or selling, here’s a look at what the experts are saying and how it might impact your move.Mortgage Rates Are Forecast To Come Down One of the biggest factors likely affecting your plans is mortgage rates, and the forecast looks positive. After rising dramatically in recent years, experts project rates will ease slightly throughout the course of 2025 (see graph below):While that decline won’t be a straight line down, the overall trend should continue over the next year. Expect a few bumps along the way, because the trajectory of rates will depend on new economic data and inflation numbers as they’re released. But don’t get too hung up on those blips and reactions from the market as they happen. Focus on the bigger picture.Lower mortgage rates mean improving affordability. As rates come down, your monthly mortgage payment decreases, giving you more flexibility in what you can afford if you buy a home.This shift will likely bring more buyers and sellers back into the market, though. As Charlie Dougherty, Director and Senior Economist at Wells Fargo, explains:“Lower financing costs will likely boost demand by pulling affordability-crunched buyers off of the sidelines.”As that happens, both inventory and competition among buyers will ramp back up. The takeaway? You can get ahead of that competition now. Lean on your agent to make sure you understand how the shifts in rates are impacting demand in your area.Home Price Projections Show Modest GrowthWhile mortgage rates are expected to come down slightly, home prices are forecast to rise—but at a much more moderate pace than the market has seen in recent years.Experts are saying home prices will grow by an average of about 2.5% nationally in 2025 (see graph below):This is far more manageable than the rapid price increases of previous years, which saw double-digit percentage growth in some markets.What’s behind this ongoing increase in prices? Again, it has to do with demand. As more buyers return to the market, demand will rise – but so will supply as sellers feel less rate-locked.More buyers in markets with inventory that’s still below the norm will put upward pressure on prices. But with more homes likely to be listed, supply will help keep price growth in check. This means that while prices will rise, they’ll do so at a healthier, more sustainable pace.Of course, these national trends may not reflect exactly what’s happening in your local market. Some areas might see faster price growth, while others could see slower gains. As Lance Lambert, Co-Founder of ResiClub, says:“Even if the average national home price forecast for 2025 is correct, it’s possible that some regional housing markets could see mild home price declines, while some markets could still see elevated appreciation. That has been, after all, the case this year.”Even the few markets that may see flat or slightly lower prices in 2025 have had so much appreciation in recent years – it may not have a big impact. That’s why it’s important to work with a local real estate expert who can give you a clear picture of what’s happening where you’re looking to buy or sell.Bottom LineWith mortgage rates expected to ease and home prices projected to rise at a more moderate pace, 2025 is shaping up to be a more promising year for both buyers and sellers.If you have any questions about how these trends might impact your plans, connect with a local agent. That way you’ve got someone to help you navigate the market and make the most of the opportunities ahead.
Janet Arns
Phone:+1(217) 617-0751