Homeowners who are puzzling over whether to add their property to the Kenai home listings this winter (rather than hold back until spring) have more than just timing to factor into their decision. How their offering will stack up alongside the other home listings is a prime consideration.
The residential market has made good progress this year – and a strong majority of pundits expect more of the same for 2013. I deal with the home-buying public all the time, and so get an inside look and listen to what features and qualities wind up having the greatest impact on their buying decisions. Another way is to survey home listings across the nation to track buying trends: the features highlighted in home listings are just about the most market-sensitive indicator of all.
A look at those home listings throughout the past year can be summed up briefly: Homebuyers wanted relatively smaller homes, manageability, lower property taxes and utility bills — in short, they gravitated toward properties that looked as if they would minimize expenses after buying as well as in the purchase itself.
Associated prominent features dealt with location in a number of ways. “Within walking distance” was a frequently appearing phrase. “Walk Score” came into new prominence — to schools, coffee shops, grocery stores, or parks. Importance of financial stability in the surrounding neighborhood can be implied from a number of popular phrases, and I can vouch for that in the attention I saw paid to various areas’ foreclosure rates.
Practically every homebuyer will still be looking for a good deal, but in 2013, we can expect increasing attention to the intangible of future value. If you are considering selling your Kenai home any time in 2013, now is the time to begin putting the idea into action. Understanding buyers’ needs is a sound first step toward placing your home in position to stand out in the Kenai Peninsula Real Estate home listings — and I am standing by this year to help you do it!