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Real Estate Market Update – Sellers Edition | January 2025

It’s January 2025. You’re dreaming “This is the year I’m gonna make the move. This is the year that I’m gonna sell this starter home and get that dream home.” Whatever it is, if you’re thinking about selling your home, putting it on the market, making a move to somewhere else. Maybe you’re thinking you need to wait until spring or don’t know where to start. I’m here to break down the market for you as we head into 2025 so you can plan better and figure out how you’re going to get your home to market.

So first things first, I have mentioned in a previous video that both Realtor.com and Zillow just ranked Richmond and the Richmond area in the top 10 of the most competitive real estate markets for 2025. So if you’re thinking of selling, that’s fantastic news. That means there’s more competition out there. There are more buyers. More people are going to be vying for your home. But, things have changed a little bit from the pandemic days of 25 buyers rushing to your house and buying anything even you know, “There’s no roof. Who cares? We want it anyway.” Those days are over.

The best way to get your home in front of the most people who are going to actually want to buy it, and get those people taking out their proverbial pens and signing on the dotted line is to make sure your home is ready to go to market, that it’s going to show best, that it’s ready for prom, ready for prime time, whatever analogy you want to use, that that home is showing the best that it possibly can to those buyers the moment they walk in the door and the best time to do that, even if you’re thinking of waiting to spring, is now.

So whether you’re in the Richmond area (I would love for you to call me) but whatever market you’re in, call your local agent who is familiar with your neighborhood, your area, the sales in that neighborhood or area, and get them to come out, give you an idea of the things that you need to do to get your home on the market. A lot of the things that you need to do, you can really start doing now, so if you’re thinking about putting your home on the market in March or April, you’re going to have them all ready. All the little painting jobs, all the RE mulching, all of the checking to make sure all the light bulbs are the same so the light is consistent throughout the house. These little things matter, and they’ll make a big difference when buyers come to take a look at your house, and trust me, if everybody falls in love with it, you will be one of those multiple-offer homes. And while you may not get $100,000 over asking price, you may get an offer that just perfectly meets the terms and the price that you want to achieve to get you where you want to go.

So if you’re thinking about selling, even if it’s in the spring, summer, or fall, and you’re in the Richmond metro area, give me a call now and we can start that process, so you know exactly what you need to do to be ready. Give me a call, send me a message, shoot me an email, and let’s set up a time to chat. I look forward to talking to you.