Selling in Loudoun County
Planning on selling your home in Loudoun County?
The good news is that you don’t need to spend countless hours trying to find the best realtor in Loudoun County. You’ve come to the right place! MMK Realty is a local real estate company in Loudoun County offering top of the line real estate services to home sellers. With over 19 years fiercely selling homes, Michelle Williams of MMK Realty LLC will go the extra mile to get you qualified buyers to your door and make them interested in getting you the best offer possible. Whether you are a first time home seller or have sold a few homes before, there are many questions that come along the home selling process. We have answered a few below! If you have any other questions, don’t hesitate to reach out to Michelle. She will gladly answer any questions you may have. Contact Michelle today at 703-862-1118.
When is the best time to sell my home?
There is no straight forward answer to this question as every year, the real estate market fluctuates. In general, it has been proven that the Spring season is the best time to sell your home. However, every situation is different so don’t hesitate to discuss the timing of your home sale with me. There are many other factors that influence your best time to sell your house such as market conditions and competition as well as average days on the market. When the demand for homes in the local market is higher than the home supply, home prices increase and putting your home on the market would be your best move. Additionally, when the average days on the market is less than 30 days, homes tend to sell quicker so listing your home would make sense.
Can I afford to sell my home?
More often, home sellers overlook the costs involved when selling a home. Even though you may be cashing a check after selling it, it takes money to make money. Here are the most common costs that arise when you put your home up for sale.
Pre-sale home inspection
While this is optional, getting a pre-sale inspection is highly recommended. If you want to get the best offer for your home, you’d want to find out and fix any structural or other home repairs that might prevent a qualified buyer from asking a much lower price or worse, walk away. On average, a home inspection costs between $200 to $500.
If you want to get the highest offer possible, enhancing the look of your home can raise its value. Minor cosmetic work like fresh paint, fixing a leaky faucet even changing out your old carpet could increase your home’s appeal. However, if your pre-sale inspection report shows major problems, like bad plumbing or a damaged roof, you’d need to be prepared financially as these repairs can cost thousands of dollars to fix.
As mentioned above, getting your home ready is one of the most important steps for a successful sale. When it comes to home staging, it’s all about making a great first impression and making it easier for the buyer to visualize their home as their own. In addition, it has been proven that over 80% of staged homes sell faster and at a 20% higher price! In general, the cost to professionally stage your home will vary depending on the home size but expect to pay between $557 and $2,105.
Closing costs & commission fees
Closing costs will likely be your second-biggest expense behind commission fees. You can expect to spend 2% of your home’s sale price on closing costs, and 4% to 6% of the sale price on the realtor’s fees. Our competitive listing fee starts at 4.5% and all our clients receive top notch service!
How should I price my home?
Many home sellers believe that they should price their home higher in order to leave room for negotiations. However, this is a common mistake that home sellers make as buyers are generally aware of the suggested market value of a home because a real estate agent advises them. A home that has been priced accordingly will sell quickly and close to your listing price. In order to determine an accurate listing price, we will complete a comparative market analysis where we do in-depth evaluation of recently sold “comparable” homes in your area. Only an experienced real estate agent in Loudoun County like Michelle will be able to price your home right since she is highly knowledgeable of the local real estate market.
About Loudoun County?
Part of Greater Northern Virginia, Loudoun County is an excellent place to live, features some of the best schools in the country, and is the wealthiest county in the U.S. Loudoun County is a desirable choice for many because there are a wide variety of housing options with many areas offering walkable town centers. Surrounded by beautiful wine country, Loudoun County is a major hub for high-tech companies, federal government agencies, and defense contractors. Anchored to Dulles International Airport, Loudoun offers the best of country-suburban-urban living with excellent proximity to the nation’s capital. Additionally, the Silver Line Metro is extending into Loudoun County and will link directly to downtown Washington D.C. Homebuyers can except to find modern homes with many new construction options including mixed-use urban communities, traditional suburban communities, and spacious homes on large lots.
- The median home cost in Loudoun County is $476,500. Home appreciation the last 10 years has been 4.30%.
- Loudoun County’s population is over 400,000 people. Since 2010, it has had a population growth of 28.43%
- As of 2015, Loudoun County had a median household income of $125,900
- The median age in Loudoun County is 36.4
- The median property value in Loudoun County, VA is $508,800, and the homeownership rate is 78.1%.