How to Sell a House in 2024: 5 Tips to Get the Edge This Year

To successfully sell your house in 2024, it's crucial to understand the latest trends in home buyer preferences. With a new year comes a fresh wave of potential buyers, each with specific likes and dislikes when it comes to their dream home. Knowing these preferences can make all the difference in receiving a competitive offer quickly. Stay ahead of the game by implementing these key tips.

1. Millennials

How to Sell a House in 2024: 5 Tips to Get the Edge This YearMillennials, the generation born roughly between the mid-1980s and mid-1990s, are reaching a pivotal point in their lives. By the end of 2024, they are expected to represent a significant portion, approximately 43%, of home buyers securing mortgages.

What are Millennials looking for in a home? Surprisingly, many are opting for suburban living, with 57% of home buyers under 36 years old choosing suburbs over urban areas. However, they still value walkability. If your neighborhood offers easy access to cafes and other amenities, highlighting this can be a major selling point.  Emphasize the spaciousness of your home, especially if you have an open floor plan. If feasible, consider making minor renovations, such as removing walls, to enhance the sense of space and openness.

Millennials are environmentally conscious and often seek out green features in homes. Consider installing storm windows, insulated water heaters, or solar panels, and be prepared to showcase utility bill savings before and after these upgrades.

By understanding and catering to the preferences of Millennials, you can significantly increase your chances of selling your home quickly and for a good price

2. Baby Boomers

How to Sell a House in 2024: 5 Tips to Get the Edge This YearAnother key demographic to consider when selling your home is baby boomers. With the number of Americans aged 65 and older set to double by 2060, this group represents a significant portion of potential buyers. According to the AARP, nearly 90% of seniors prefer to age in place.

To attract boomer buyers, consider incorporating universal design features in your home. These features enhance accessibility for all ages and abilities, which can be a major selling point. Even if your home doesn't currently have these features, certain aspects like a single-level layout or a master suite on the ground floor can appeal to this demographic due to their reduced risk of falls. Highlighting these aspects can make your home more attractive to baby boomers looking to downsize or age comfort.

3. Add Drone Photography

How to Sell a House in 2024: 5 Tips to Get the Edge This YearExperience the future of real estate marketing with drone tours, surpassing the limitations of traditional photos and video tours. Glenn Carter, a real estate expert, highlights the superiority of drone footage for showcasing properties. Drone technology has seen a significant rise since the FAA's first exemption in 2015, with sales expected to reach 2.5 million units in 2017. By 2020, drone use in real estate is predicted to represent 22% of total commercial drone usage.

The primary advantage of drone footage lies in its ability to provide a captivating aerial perspective. Whether you have a stunning yard, intricate landscaping, or scenic surroundings, drone footage can showcase these features more effectively than standard photos or videos. Additionally, it can offer a unique view of the neighborhood, enhancing the overall appeal of your property.

To leverage this innovative marketing tool, consider hiring a professional photographer experienced in drone operations. Ensure they possess the required FAA UAV operator's certificate to guarantee a seamless and legal process. Elevate your property listing with drone footage and revolutionize the way buyers perceive your home.

4.  Smart Home Features

How to Sell a House in 2024: 5 Tips to Get the Edge This YearUpgrade your home with smart features that seamlessly integrate with popular systems like Amazon Echo, Google Home, and Apple HomePod. Today's buyers expect smart home technology, so ensuring compatibility with these major platforms can increase your home's appeal and attract a wider range of potential buyers.

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5. Consider a Pre-Inspection Before You Sell

How to Sell a House in 2024: 5 Tips to Get the Edge This Year

To address any concerns buyers may have about your home's condition, it's wise to consider a pre-inspection. This can reassure buyers that the house is in good shape or highlight repairs you might want to address before listing your home.   Consider a pre-inspection before you sell. In today's real estate market, buyers are increasingly seeking turnkey homes that are move-in ready and free of potential problems. 

I can provide information and guidance on real estate pricing strategies and the importance of working with a knowledgeable real estate agent. It is crucial to understand the value of your home and how pricing it correctly can impact the selling process. By researching and selecting a reputable real estate agent, such as Laura McMillan or Austintatious512, who has a strong track record and positive reviews, you can ensure that your home is priced accurately based on market trends and comparable sales in your area. Utilizing online estimating tools like realtor.com® can provide a general idea of your home's value, but it is essential to rely on your agent's expertise and local market knowledge for a more accurate pricing strategy. Pricing a home involves a combination of art and science, considering factors such as recent sales data, competition in the market, and the overall condition of your property. Working closely with your agent to analyze comparable properties and market trends will help you determine the best listing price to attract potential buyers and maximize your selling potential. Remember, the initial days on the market are crucial, so setting the right price from the start is key to a successful sale.

When you're ready to begin your real estate search or thinking of selling, remember this.  We will excel as your Lakeway real estate agent.  We are confident in being the best for you and look forward to showing you what Lakeway, Texas is all about. 

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Discussion

#1 By Lucchese at 2/28/2024 9:41 PM

This is the most amazing blog post I have read in a while. Thank you for your enlightening take on this topic. I really learned about how to sell my house in 2024. At the same time, I think I will call you to handle the heavy lifting of selling it.

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