Optimal Timing for Selling Your Luxury Home: Unveiling the Best Season”

Optimal Timing for Selling Your Luxury Home: Unveiling the Best Season”

Optimal Timing for Selling Your Luxury Home: Unveiling the Best Season”

 

 

Introduction:

In the ever-evolving real estate market, timing plays a crucial role in maximizing the potential of selling your luxury home. As an AI assistant, I am here to shed light on the best time of year to sell your upscale property, backed by data and industry insights. Let’s explore the factors that influence the ideal season for selling your luxury home.

 

Body:

  1. Spring: A Blossoming Opportunity

Spring emerges as a prime season for selling luxury homes. The vibrant atmosphere, longer daylight hours, and blooming gardens create an inviting ambiance that appeals to potential buyers. Additionally, families often prefer to move during the spring to ensure a smooth transition before the start of the new school year.

 

  1. Summer: Capitalizing on Vacation Vibes

The summer season offers a unique advantage for selling luxury homes. With warmer weather and longer days, potential buyers have more time to explore properties and envision themselves enjoying the luxurious amenities your home has to offer. Moreover, summer vacations often prompt individuals to consider investing in a second home or upgrading their current living situation.

 

  1. Fall: Harvesting Opportunities

Autumn presents an opportune time to sell your luxury home. The crisp air, colorful foliage, and cozy atmosphere create a sense of comfort and charm that can enhance the appeal of your property. Additionally, buyers who missed out on summer opportunities may be more motivated to make a purchase before the year’s end.

 

  1. Winter: A Season of Serendipity

While winter may not be the most conventional time to sell luxury homes, it can still present unique advantages. The holiday season often brings out a sense of nostalgia and the desire for a fresh start in the upcoming year. Additionally, fewer homes on the market during winter can create a sense of exclusivity, attracting serious buyers who are willing to pay a premium for the right property.

 

Conclusion:

Determining the best time of year to sell your luxury home involves considering various factors such as market trends, buyer preferences, and the unique features of your property. While spring and summer tend to be popular choices, each season offers distinct advantages that can be leveraged to maximize your selling potential. Ultimately, consulting with a real estate professional and analyzing local market conditions will help you make an informed decision tailored to your specific circumstances.

And of course you should always use a “Certified Luxury Home Specialist”

 

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

Today’s Housing Inventory Is a Sweet Spot for Sellers

Today’s Housing Inventory Is a Sweet Spot for Sellers

Today’s Housing Inventory Is a Sweet Spot for Sellers

One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the latest information on active listings, or homes for sale in a given month, as it compares to more normal levels.

According to a recent report from Realtor.com:

 “On average, active inventory in June was 50.6% below pre-pandemic 2017–2019 levels.”

The graph below helps illustrate this point. It uses historical data to provide a more concrete look at how much the numbers are still lagging behind the level of inventory typical of a more normal market (see graph below):

It’s worth noting that 2020-2022 are not included in this graph. That’s because they were truly abnormal years for the housing market. To make the comparison fair, those have been omitted so they don’t distort the data.

When you compare the orange bars for 2023 with the last normal years for the housing market (2017-2019), you can see the count of active listings is still far below the norm.

What Does This Mean for You?

If you’re thinking about selling your house, that low inventory is why this is a great time to do so. Buyers have fewer choices now than they did in more normal years, and that’s continuing to impact some key statistics in the housing market. For example, sellers will be happy to see the following data from the latest Confidence Index from the National Association of Realtors (NAR):

  • The percent of homes that sold in less than a month ticked up slightly to 74%.
  • The median days on market went down to 18 days, showing homes are still selling fast when priced right.
  • The average number of offers on recently sold homes went up to 3.3 offers.

Bottom Line

When supply is so low, your house is going to be in the spotlight. That’s why sellers are seeing their homes sell a little faster and get more offers right now. If you’ve thought about selling, now’s the time to make a move. Let’s connect to get the process started.

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

When Showcasing My luxury Property, What Are The Best Options?

When Showcasing My luxury Property, What Are The Best Options?

As a luxury real estate agent, I know that presentation is everything. When it comes to showcasing a luxury property, there are several options available, including staging, video tours, and photo tours. Each of these options has its own advantages and disadvantages, and the best choice for your property will depend on a variety of factors. In this article, we’ll explore the differences between these options and help you determine which one is right for your luxury real estate listing.

 

Staging

Staging is the process of furnishing and decorating a property to make it more appealing to potential buyers. This can involve bringing in furniture, artwork, and accessories to create a cohesive and inviting space. The goal of staging is to help buyers envision themselves living in the property and to highlight its best features.

 

Advantages: Staging can help a property stand out from the competition and can make it easier for buyers to imagine themselves living in the space. It can also help to highlight the property’s best features and make it more memorable.

 

Disadvantages: Staging can be expensive, and it may not be practical for every property. Additionally, some buyers may find it difficult to look past the staging and envision the property as a blank canvas.

 

Video Tours

 

Video tours are a great way to showcase a property and give potential buyers a sense of what it would be like to live there. These tours can be pre-recorded or live-streamed, and they can be as simple or as elaborate as you like.

 

Advantages: Video tours can be a great way to showcase a property’s unique features and give buyers a sense of the flow of the space. They can also be more engaging than static photos and can help to create an emotional connection with potential buyers. The right background music can draw out the perfect buyer if paired correctly.

 

Disadvantages: Video tours may not be practical for every property. Additionally, some buyers may find it difficult to get a sense of the scale of the space from a video tour. Video tours tend to show everything, the good and the bad. It is important to have a professionally edited tour.

 

Photo Tours

Photo tours are a more traditional way of showcasing a property, but they can still be effective when done well. These tours typically involve taking a series of high-quality photos of the property and presenting them in a slideshow or gallery format.

 

Advantages: They can also be effective at showcasing a property’s best features and giving buyers a sense of the space. Photos are the first thing that a buyer looks at when sifting thru dozens of listings.

 

Disadvantages: Photo tours can be less engaging than video tours and may not be as effective at creating an emotional connection with potential buyers. Additionally, they may not be as memorable as other options. Keep in mind when combined with video the serious buyer will dig down to see video.

 

Which is Best?

 

So, which option is best for your luxury real estate listing? The truth is, there is no one-size-fits-all answer. The best choice will depend on a variety of factors, including the property itself, your target audience, and your budget. 

 Photos Coutsey of WFMLS Summit Sotheby Brokerage

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

About Luxury Homes in Utah

About Luxury Homes in Utah

About Luxury Homes in Utah

Utah is a state known for its natural beauty, outdoor recreation, and friendly communities. It’s also home to some of the most luxurious properties in the country. If you’re in the market for a high-end home in Utah, you’re in luck. Here’s a closer look at what makes luxury homes in Utah so special.

 

First and foremost, Utah’s luxury homes offer stunning views of the state’s natural landscapes. From the snow-capped peaks of the Wasatch Mountains to the red rock formations of southern Utah, there’s no shortage of breathtaking scenery to enjoy. Many luxury homes in Utah are designed to take advantage of these views, with large windows, outdoor living spaces, and other features that allow residents to fully immerse themselves in the beauty of their surroundings.

 

In addition to their natural beauty, luxury homes in Utah are also known for their high-end amenities and features. Many of these homes include state-of-the-art technology, such as smart home systems, home theaters, and advanced security systems. They also often feature luxurious finishes and materials, such as marble countertops, hardwood floors, and custom cabinetry.

Of course, luxury homes in Utah also offer plenty of space and privacy. Many of these homes are situated on large lots, providing plenty of room for outdoor activities and entertaining. They also often include features like guest houses, pool houses, and other separate living spaces, making them ideal for hosting guests or accommodating extended family.

  

Finally, luxury homes in Utah offer access to some of the state’s most exclusive communities and neighborhoods. From the ski-in, ski-out properties in Park City to the gated communities of Salt Lake City’s east bench, there are plenty of options for those seeking a high-end lifestyle in Utah.

In conclusion, luxury homes in Utah offer a unique combination of natural beauty, high-end amenities, and exclusive communities. Whether you’re looking for a mountain retreat or a city oasis, there’s sure to be a luxury home in Utah that meets your needs and exceeds your expectations. Photo courtesy MLS brokerage Summit Sotheby’s International Realty 

As a Buyers Broker, I can represent you on this home or any other Luxury home in Utah.

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

Should you Stage your home in order to sell it?

Should you Stage your home in order to sell it?

Should you Stage your home in order to sell it?

Staging your home can be a great way to make it more appealing to potential buyers and increase your chances of selling it quickly and for a higher price. Staging involves arranging furniture and decor in a way that highlights the best features of your home and makes it look more inviting and spacious.

 

Studies have shown that staged homes tend to sell faster and for more money than homes that are not staged. This is because staging can help buyers envision themselves living in the home and make it easier for them to see its full potential.

 

However, staging can also be expensive and time-consuming, so it’s important to weigh the costs and benefits before deciding whether to stage your home. In some cases, it may not be necessary if your home is already in great condition and well-maintained.

 

Ultimately, the decision to stage your home will depend on your specific situation and goals as a seller. If you’re unsure whether staging is right for you, it may be helpful to consult with a real estate agent or professional stager who can provide guidance and advice based on your individual needs.

 

 

Selling a home can be a stressful and time-consuming process, but one way to make it easier is by staging your home. Staging involves arranging furniture, decor, and other items in a way that makes your home look its best and appeals to potential buyers. While there are many advantages to staging your home, there are also some potential disadvantages to consider. In this article, we’ll explore both the pros and cons of staging your home to sell.

 

Advantages of Staging Your Home to Sell

 

  1. 1. Helps your home stand out: When you stage your home, you’re creating a space that looks polished and put-together. This can help your home stand out from other properties on the market and make a strong first impression on potential buyers.

 

  1. Makes your home look larger: By decluttering and rearranging furniture, you can make your home look more spacious and open. This can be especially helpful if you have a smaller home or if you’re trying to sell a home with an unusual layout.

 

  1. Helps buyers envision themselves in the space: When you stage your home, you’re creating a neutral, welcoming environment that allows potential buyers to imagine themselves living there. This can be especially helpful if you have a unique or quirky home that might be difficult for buyers to envision as their own.

 

  1. 4. Can increase your home’s value: According to the National Association of Realtors, staging can increase the sale price of a home by up to 10%. By investing in staging, you may be able to sell your home for more money than you would have otherwise.

 

Disadvantages of Staging Your Home to Sell

 

  1. 1. Can be expensive: Depending on the size of your home and the extent of the staging you want to do, staging can be a significant expense. You may need to hire a professional stager or rent furniture and decor to create the look you want.

 

  1. Can be time-consuming: Staging your home can take a lot of time and effort, especially if you have a lot of clutter or if you’re trying to create a specific look or theme. This can be challenging if you’re also trying to pack up your belongings and prepare to move.

 

  1. May not be necessary: Depending on the condition of your home and the local real estate market, staging may not be necessary to sell your home. If your home is in good condition and priced competitively, it may sell quickly without any staging at all.

 

  1. May not appeal to all buyers: While staging can help your home appeal to a wide range of buyers, it may not be everyone’s cup of tea. Some buyers may prefer a more personalized or eclectic look, and may be turned off by a home that looks too staged or generic.

 

In conclusion, staging your home can be a great way to make it more appealing to potential buyers and increase your chances of selling quickly and for a higher price. However, it’s important to weigh the potential advantages and disadvantages of staging before you invest time and money into the process. By considering your unique situation and the local real estate market, you can make an informed decision about whether staging is right for you.

We have a variety of staging services to suit every need. 

 

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

Falling out of Love with Your House? It May Be Time To Move.

Falling out of Love with Your House? It May Be Time To Move.

Falling out of Love with Your House? It May Be Time To Move.

Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.

According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it, it doesn’t have to be. Work with a local real estate agent to explore all your options in today’s market before settling for your current home.

That’s actually what a lot of homeowners are doing right now. A recent survey from Realtor.com finds that, of people who are considering selling in 2023, one in three are thinking about moving because their home no longer meets their needs. And according to the same report from NAR, that’s consistent with this year’s top reasons for selling, which include:

  • Want to move closer to friends or family
  • Moving due to retirement
  • Home is too small or too large
  • Change in family situation
  • Job relocation

If things in your life have changed, it may be time to make a move. And there’s good news: it’s still a great time to sell. Here’s why.

We’re in a strong sellers’ market. That means homes listed at market value and in good condition are getting attention from buyers and selling quickly. Lean on your expert real estate advisor for the best advice on getting your house ready to sell.

Your equity can power your next move. There’s a good chance you have a significant amount of equity right now thanks to record levels of price appreciation in recent years. When you sell, you can use that equity to help afford your next home. In fact, NAR’s report from above shows 38% of recent buyers used the money from the sale of their previous home to cover the down payment on their next one. Work with a local real estate agent to learn how much equity you have and what you can do with it in today’s housing market.

Bottom Line

If your home no longer meets your needs, consider selling it so you can find your dream home. Let’s connect so you can learn about your options.

 

Marty Gale

Buy or Sell with Marty Gale

"Its The Experience"

Principal Broker and Owner of Utah Realty™

Licensed Since 1986

CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM)
PSA  (Pricing Strategy Advisor)
General Contractor 2000 (in-active)
e-pro (advanced digital marketing) 2001
Certified Residential Specialist 2009
Certified Negotiation Expert 2014
Master Certified Negotiation Expert 2014
Certified Probate Specialist Since 2018
Senior Real Estate Specialist
Certified Divorce Specialist CDS

Contact me! 

 

 

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