When you’re selling your home, you need to understand the 2023 Real Estate market if you want to maximize incoming offers and your potential profit. The realtors at HomeCraft Team in Plymouth, Michigan are highly trained and experienced and can help you navigate the market and manage your expectations.
Whether the market is hot or cold, a good Real Estate agent can help you achieve the best offer for your home. Our team can help you every step of the way, making the process less stressful. If you’re selling your home, partner with HomeCraft Team today.
Overview of the 2023 Michigan Real Estate Market
Statewide, Michigan is experiencing an 8.3% drop in available houses and a 16.2% drop in newly listed homes for sale. While 46% of houses are still selling above the asking price, the statistic presents a 10-point drop year-over-year. Migration trends continue to even out at a net zero.
While fewer houses are available, the market is also less competitive, meaning that most buyers require professional help to stand out. Within Plymouth, sale prices are growing at around 23%, the fifth fastest in Michigan, at a median sale price of $423k. Homes are selling within 25 days on average.
Inflation is the biggest factor in a slower housing market, but stable buyers are still looking to purchase homes.
Preparing Your Home for Sale in 2023
To succeed in the 2023 Real Estate market, sellers must prepare their homes for sale. A Real Estate agent in Plymouth, MI, can help you market your home according to current buyer preferences.
Investing in a whole home inspection helps buyers feel confident about the home they’re purchasing and saves them money. You can put off necessary repairs, but that means buyers could offer you less.
Don’t underestimate the power of staging your home and purchasing professional photos. A clean and subtly decorated home increases interest and your chances of selling quickly and at or above your asking price.
It’s important not to price your home too high or too low. A professional Real Estate agent can price it competitively to sell quickly.
Marketing Your Home Effectively
Quality marketing is one of the biggest determining factors of whether a house sells quickly and for a great price. While open houses and private showings still have their place, utilizing online marketing is more important in 2023 than ever before.
Virtual staging and electronic tours allow more people to visit your home from a distance and negate the need for manipulating and changing heavy furniture. A comprehensive marketing plan, incorporating both digital and traditional advertising, is key to obtaining favorable results.
Even with a high-powered marketing plan, most sellers lack the proper network and connections to get their homes in front of interested buyers. When you partner with an expert realtor, they mobilize their network to maximize your home’s sale potential.
Navigating the Selling Process
When you sell a home in Plymouth, Michigan in 2023, expect the sale to take around a month. Before that time, your agent will spend some time helping you stage the home and making any necessary repairs after the inspection.
At HomeCraft Team, our Real Estate agents are well-versed in negotiations and handling offers and always have your best interest as our top priority. If an offer seems low, we can help the buyer understand the reasons for the asking price and potentially convince them to offer a better price.
When you work with our Real Estate agents, we make the negotiation process smooth and easier to handle. Avoid the stress of an emotionally charged back-and-forth negotiation, and let us help.
Partnering with a Trusted Plymouth, Michigan Real Estate Agent
With a slowing 2023 Real Estate market, you need a local expert that advocates in your best interest. When you need a Real Estate agent near Novi, MI, and the surrounding communities, the HomeCraft Team can support your sale every step of the way.
Don’t take our word for it; your neighbors already know why we’re the agency to call. Whether it’s Google, Facebook, or Zillow, we have over 100 five-star reviews. We want you to be our next satisfied customer. Contact HomeCraft Team at (734) 329-0123 to start the process.