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Time to Sell: Vacation Home Sales Surge in Wilmington, NC

Have you been thinking of selling your vacation home? If you’ve been trying to figure out a good time to sell your property, now may be the time. A recent survey done by the National Association of Realtors has revealed a surge in vacation home sales. From 2012 to 2013, vacation home sales have risen 29.7% — meaning buyers are on the prowl for a vacation sweet-spot. The Wilmington real estate market is hot with buyers looking to find a good deal on a vacation home. Many buyers are making the move now as their finances strengthen along with the national economy and before mortgage rates rise to pre-bubble levels. If you’ve been wanting to sell your vacation home in Wilmington for a good value and in a quick time frame, I would suggest talking with us today. Here are some more details about the situation:

Vacation Home Sales

NAR’s 2014 Investment & Vacation Home Buyers Survey

Last year, vacation home sales accounted for 13% of all real estate transactions — the highest market share since 2006. Within the survey, NAR reported that buyers are making the move for lifestyle reasons. They want a home that puts them near the beach, and more importantly, they are looking for a vacation retreat where the family can get together. As the market continues to climb and the values continue to rise, buyers are making the move before home prices go beyond their affordability.

How to Sell Your Vacation House in Wilmington, NC

As mentioned above, now is a great time to sell your vacation house in Wilmington, but as more homeowners begin to see this trend, you’ll face more competition. The upside to selling now is you know why buyers are buying: for lifestyle reasons. By preparing in advance and staging your home towards these buyers, you can grab a lot of attention (i.e. offers) during the summer season. Simple staging techniques like removing any clutter and showcasing how your house caters to the beach-goer will drastically increase your property’s value and reduce the time spent on the market.

For a few ideas, you can begin with adding some beach flair to the living areas, such as light-colored curtains and summer flowers. In addition, you can add a few beach elements like a small palmetto or a bowl of seashells to sit on the coffee table. If you really want to impress buyers, show them how they can store beach gear in your house. Showcasing areas that can store the surfboards and other beach equipment can really help sell your property, as it helps them picture how it’ll be used during the summer months. If you show them that your house is a place where they can kick off the sand and relax after a fun day at the beach, you’ll easily score some high paying offers from buyers.

For More Information on Selling Your House

If you’d like more information on how we can help you sell your vacation home in the Wilmington area, contact us or download our free home sellers eBook:

Sell Your House eBook

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