The Knoxville housing market is booming. The east Tennessee community has been able to rise from the ashes of the housing crisis and transform itself into one of the region’s premier living areas. So much so that many sellers are able to get the full asking price for their homes.
Each year, the Knoxville Association of Realtors publishes annual reports of the local housing market. According to the 2018 report, thousands of properties were sold with a sales volume in the billions. Buyers purchased a mix of residential homes and condos.
The average price of a residential property was $188,000 and $151,000 for a condo. With these prices, the market is attracting buyers from all over Tennessee and other areas of the country. People like the mix between city and suburban life as well as the peaceful lake landscape of the community.
This means that competition is stiff. Researchers have noticed that the housing inventory is small compared to the number of buyers. As a seller you, need to make sure your home stands out on the market to ensure a sale.
Getting Ready to Sell Your Home
If you’ve recently decided to put your home on the market, you know that first impressions mean everything. When a potential buyer walks into your home, what they see will influence their decision to make an offer. That means your home needs to be perfect for every viewing. You may think a thorough cleaning or fresh coat of paint will suffice, but most homes need a slight facelift.
Prepping your home for sale requires teamwork between you and your realtor. Your realtor understands the market and knows what sells. Ask them for their input before making any major decisions. They can help you hire a team to do a staging or tell you what features to highlight during viewings.
Here are 4 Things To Do To Prep Your Knoxville, TN Home for Sale
Staging is a concept that allows you to display the strengths of your home while minimizing its weaknesses. Proper staging is an interior design technique that can increase your chances of closing a deal. You can hire a team to help you or do it yourself. A team will consist of an interior decorator and a group of movers. They will assess your space, de-clutter, and reposition the furniture. The decorator may buy new items to create a “look” or “feel” for the space.
Homeowners may decide to stage their homes themselves. Remember to move furniture away from the walls and group couches or chairs together. Remove personal items and items that take up too much space.
This may seem like a no-brainer, but you may be surprised at what an extensive cleaning will do for your home. When cleaning your home, be sure to wash all the walls and windows to remove dirt and grime. Vacuum the carpeted areas and wash the rugs. Most supermarkets have carpet-cleaning machines you can rent for the weekend. All hardwood floors should be swept and waxed.
Next, check the cabinets and corners for junk. Remove any cobwebs and debris. It’s also a good idea to throw away any items you haven’t used in the last couple of years. If you have any broken or discolored furniture and rugs, throw them out.
All homes go through a bit of wear and tear, but your home should be perfect when it’s on the market. Inspect your home with your realtor to locate any items that need repair. You should fix all leaky faucets and mend the holes in the wall. Creaky door hinges should be replaced.
White walls can become dingy, so give them a fresh coat of paint and replace all broken floor tiles.
4. Pay Attention to the Exterior
The exterior of your home is just as important as the interior. Always remember to rake the leaves, shovel snow, and mow the lawn. If you have a garden, plant a few flowers to make the home look more inviting. Remember not to let trash pile up on the curb. Always keep the exterior and sidewalk neat and clean.
As always, your broker is here to make the selling process go as smoothly as possible. Consult your agent to learn about additional ways to prep your home for sale. On their website, the Knoxville Area Association of Realtors lists a directory of local agents.
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