The Seller’s Guide to Maximizing Your Home Value

By cmteam January 25, 2024

As the real estate market continues to thrive, it’s crucial for you to equip yourself with the right knowledge and strategies to make the most of this market. Whether you’re looking to downsize, upgrade, relocate, capitalize on your investment, or 1031 Exchange properties.


The Booming Saratoga Springs Real Estate Market:

Saratoga Springs has experienced significant growth in recent years, making it an attractive destination for homebuyers. Population growth has gone up 8% in the last decade in Saratoga County, it grew 2.6% in 2020 alone! Before we dive in, let me remind you that real estate is all about location, location, location! And Saratoga Springs is not just a location, it’s a lifestyle. With its rich history, vibrant culture, and natural beauty, it’s no wonder that Saratoga Springs is a sought-after destination for homebuyers.


Currently, there is a 2.46 month supply of inventory in Saratoga Springs. That means if no new homes were to come on the market, it would take just over two months for all homes to be sold.

Over the last 12 months, months supply of inventory has increased by 14.95%. This means that there are more homes available for buyers to choose from, which could potentially lead to a more competitive market. But, don’t worry sellers, the list to sold price percentage is still strong at 103.5%. That means that homes in Saratoga Springs are selling for above their asking price on average. And, if you’re worried about your home sitting on the market for too long, the median days on market is just six days. That’s right, six days! Saratoga Springs is a hot market and homes are selling fast. Finally, the median sold price in Saratoga Springs is $560,000. That’s a great return on investment for homeowners who are looking to sell their property..


Pricing Strategies for Success:

Setting the right price is essential for attracting potential buyers and maximizing your return. To ensure an accurate analysis, it is highly recommended that you consult with a local real estate agent who possesses expertise in the Saratoga Springs market. Our listing agents can provide valuable insights into recent trends, neighborhood dynamics, and buyer preferences. By working with a knowledgeable agent and setting a realistic price, you can generate heightened interest in their property, increasing the likelihood of attracting multiple offers and maximizing your selling potential.


Preparing Your Home for Sale:

To showcase your home’s best features and make a positive impression on potential buyers, follow these tips for decluttering, depersonalizing, and staging. Start by decluttering each room, removing excess items and organizing storage spaces. Depersonalize by removing family photos and personalized items, creating a neutral environment that allows buyers to envision themselves living there. Highlight your home’s best features by arranging furniture to draw attention to architectural details and maximizing natural light. Add indoor plants or fresh flowers for a touch of freshness and consider hiring a professional cleaning service to ensure a spotless and inviting space. Curb appeal, landscaping, fresh paint, and exterior maintenance, are alsol crucial to creating a positive first impression.


Effective Marketing Techniques:

To attract potential buyers, sellers need a robust marketing plan. At The Marchesiello Team we have tested and perfected our 88 step marketing strategy.. From professional photo and video content, expert descriptions, social media marketing, boosted posts to on the ground word of mouth. Our agents door knock, host open houses, prospect on the phones & more! We work as a team to make sure your home sells quickly and for top dollar.


Working with a Local Real Estate Agent:

Our agents live and work right here in Saratoga! They know the intricacies of your neighborhoods, we do extensive research on similar homes in your area and understand the inner workings of our micro-markets. It’s easy to understand what’s going on in the capital district, Saratoga County even. But we know the driving forces that are selling your independent neighborhoods & streets!


Navigating the Selling Process:

Selling a home is never easy, simple maybe, but usually not easy. There are a lot of things to consider! Even if this is your first home or 10th, you may run into things you’ve never dealt with. With hundreds of homes under our belt, we’ve seen a thing or two. We will connect you with trusted partners that will make it as painless a process as selling a home can be. From financially preparing to sell, to closing day and beyond were here to help every step of the way.


The market we’re in presents an excellent opportunity for homeowners to leverage the thriving real estate market. By understanding the current trends, pricing strategies, and effective marketing techniques, & a strong team behind you, you can position yourself for success. With proper preparation, professional guidance, and a comprehensive selling plan, you can confidently navigate the real estate landscape and achieve your selling goals.