As the Reno/Sparks housing market begins to stabilize, locals are prepping to sell their homes. But they don’t want to spend all summer showing house. According to Heather Neal of Sullivan-Neal Luxury Real Estate of Dickson Realty, “The overall average days on market in all of Reno/Sparks is… 94 days.” For luxury homes, defined by those priced at $2 million or above, the average is 185 days.
So how can you unload your home fast? With a little help from our friends, of course. Follow these steps from the experts for top dollar and a fast closing.
Step 1:
Starting at the right price point will help a home move. “If there is robust showing engagement and potential offer activity, the home is likely priced for success,” Neal says. “Conversely, if an aggressive price has limited the action, you may need to chase the market with price improvements and other concessions.”
Within the first two weeks of going to market, sellers and their agents should have a good idea if they hit the mark or need to adjust.
Step 2:
Perhaps the best money you will spend when prepping a home for sale is on staging. “We have seen first-hand how a professionally staged home can make a huge difference in both the selling price and days on the market,” Neal says.
Keep in mind a couple of tips including design continuity, curating a complementary color palette, and highlighting the most attractive features (while drawing attention away from flaws). Part of staging also includes removing personal items and décor.
Step 3.
Paint is one of the quickest changes you can make. “Keep the paint neutral in effort to appeal to the most prospective buyers,” Neal says.
Step 1:
Get the price right.
Within the first two weeks of going to market, sellers and their agents should know.
Step 2:
Set the stage.
Keep this in mind: declutter, de-personalize, and clean.
Step 3.
Invest in updates.
Even small changes can increase the perceived value of a home while helping it to sell fast.
Sidebar: By the Numbers
Median sales price in Reno/Sparks: $575,000
The median home price rose 8.9% year over year
332 homes sold in Reno/Sparks in March 2024
There are 508 active homes on the market
Closing prices averaged 98.9% of the asking price
**Data is as of April 2024