Few American metropolitan areas were hit harder by the housing collapse of 2008 than the Phoenix/Scottsdale continuum. All across the Valley of the Sun homeowners saw the value of their home values plummet while new home sales and construction ground to a total standstill.
Not surprisingly, this implosion of home prices had a profoundly negative impact in home sales of all kinds.
Would be home buyers were unable to sell their existing homes, which kept them from purchasing new homes. Would-be home sellers, on the other hand, found themselves sitting on homes that were being assessed for less than what was still left on the original mortgage.
This confluence of economic ugliness left the Phoenix/Scottsdale real estate market in state of suspended animation for several years. Fortunately, things have started to turn around in the past couple of years now that the economy is starting to show some signs of life. Interest rates are hovering near historic lows and both buyers and sellers are starting to creep out of the woodwork.
If you’re looking to put your house on the market to take advantage of this red hot market, here are a few tips to help you get top dollar for your home.
Amped Up Curb Appeal
Curb appeal, as anyone who regularly watches HGTV will tell you, is the term realtors use to describe the first impression a home gives off from the street. Suffice to say, Phoenix homes with withered shrubbery, heat damaged fencing and a general lack of curb appeal are going to stay on the market a lot longer than homes with more pronounced curb appeal.
So what can you do to up your curb appeal?
One great technique that’s frequently overlooked is to simply add some outdoor lighting. As you probably know, Phoenix/Scottsdale families tend to spend a lot of time outdoors during the scorching summer months. That means prospective buyers will want the house to look great at all hours of the day. The right outdoor lighting in Scottsdale can go a long ways towards differentiating your home from the competition.
One thing that every potential homeowner wants to do when looking at houses is to picture his or her own belongings in each room. This makes their home buying decision a lot easier to make. Unfortunately, they won’t be able to complete this mental picture so long as every room in your house is stuffed to the ceiling with years of accumulated junk.
We strongly urge anyone who is putting a house on the market to spend some time de-cluttering the entire place and removing excess belongings and furniture. If you’re really desperate to hang to all that junk, just put it in storage until you find your new home (that will make moving day a lot easier anyways.)
The Phoenix/Scottsdale housing market is back in business, which makes now the perfect time to put your home on the market. But with plenty of competition for a limited set of buyers, you’ll want to use the tips we’ve mentioned to help insure you get top dollar for your home.