Selling Your Home In 2016Tips on getting the best priceMassoud Aaron Yashouafar

According to CNN Money, the value of homes increased 24% this year, unfortunately wages for workers only rose to 7%. Thus, the percentage of first-time home buyers continue to deplenish. Until there’s more balance between median student debt amongst the millennial and the value of

homes on the market, we likely won’t see any movement on the market from first-time home buyers. “Home prices have to plateau until the rest of

the economy catches up,” says Daren Blomquist, RealtyTrac analyst.

However, if you’re unable to wait that out and are forced to sell your home in 2016, here are some tips on getting your house sold...

Make sure the price is right!While that may seem like an obvious factor, it’s also the biggest. “Choosing an aggressive, but realistic listing price out of the gate” is essential, as mentioned by Bahare Rabadi on time.com. If you price your home too high there’s a chance it will sit on the market for months and still get no bites after numerous reductions. Those houses aren’t appealing to buyers.

What is appealing is:

. A fair price: based on actual sales data in your neighborhood

. Offer to pay for closing costs or any maintenance: the buyer will feel as though they’re getting a deal

RenovationsIf you need to sell your home, yet your home is outdated you’re facing a challenge selling your home right off the bat. If and when the millennial buyers hit the market, in hopes of purchasing their first home, they’re going to want to see some updates. So make some modest and cost effective renovations, little things will go a long way.

. Replace carpeting with laminate flooring

. Refresh a room with a new paint coat

. Paint kitchen cabinets

. Replace bathroom and kitchen hardware

Make sure you’re on the map!

I’ve personally written blogs about this and it may very likely be your ticket to the millennials, real estate apps. These real estate apps and online properties are becoming increasingly more popular over time. A survey from Survey Monkeys recently showed that over 21% of people purchased their home this year without ever seeing it in person. So, if you want to reach all demographics ensure your home is listed on as many properties as possible.

.Trulia

.Zillow

.Lovely

If your market isn’t an optimal sellers market be sure to follow these tips. You might also want to consider sprucing up your curb appeal by planting a bit, be sure your home is decluttered and no longer personalized when showing, and keep everything looking pristine

for those impromptu showings.

Happy Selling!