The real estate market in Forest Hills, Queens has weathered some unprecedented times recently. The good news is that buyers are ready to act before the winter season hits. If you are looking to sell in Forest Hills, there are a few things you need to know as you prepare to enter the real estate market.
The Pricing Predicament
If you are looking to sell in Forest Hills this fall, pricing your home appropriately is a key ingredient to a successful sale. Experts indicate that it is currently a “buyer’s market” in Forest Hills, meaning that there are more homes for sale compared to serious buyers.
How can you successfully navigate a buyer’s market while still receiving top dollar for your home? We recommend these two steps:
- Get a comparative market analysis. This process compares your home to recent sales in your area and uses this information to estimate a listing price.
- Get a property appraisal. This critical evaluation determines how much money a financial institution might be willing to lend to a buyer to purchase your home.
Don’t be surprised if the results of these evaluations are different! Your real estate agent will still be able to use this information to price your home fairly to all parties.
Making Your Home Shine
A five-star marketing strategy sends interested buyers in your direction. Your real estate agent should avoid a cookie-cutter approach to advertising your property. Your marketing plan should be as individual as the home that you are trying to sell, and your agent must be willing to change it up if you are seeing a lack of interest.
As New York City rebounds from COVID-19, digital marketing in real estate is more important than ever before. Here are a few of the tools that your agent might use to showcase your property:
- Professional photography.
- Videography.
- Virtual showings.
- Social media listing.
What Are You Waiting For?
Don’t be discouraged by a buyer’s market. If you are looking to sell in Forest Hills, Forest Hills Realty has the tools you need to be successful in any real estate climate!
Contact us today at (718) 997-6000 or email us here.
