Des Moines is the capital city of Iowa and, according to a recent survey by WalletHub, ranks as the 10th best U.S. capital city in regard to the standard of living. As a regional center for national financial and insurance companies, Des Moines supports a thriving professional economy.
If you want to sell your home fast, consider capitalizing on the following eccentricities of the 2019 Des Moines housing market:
- Entry-level homes are predicted to be the most popular option amongst younger buyers.
- Historically, spring is regarded as the best buying season in Des Moines.
- A wide range of Des Moines metro projects will be completed throughout 2019 — proximity to these venues will likely be a major value modifier.
Des Moines Housing Market Forecast for 2019 — and Beyond
With its strong underlying fundamentals, the median sale price for Des Moines homes is expected to continue to outperform the national average. To support this prediction, we’ve listed three key indicators in the Des Moines property market and broken down how they influence the 2019 market forecast:
Over the last three years, Des Moines has recorded robust sales performance. According to Trulia, Des Moines is on track to sustain a 5% year-to-year rise from its current median sale price of $143,250.
Job Market Outlook
Job stability and growth in Des Moines is similarly robust. Long-term job growth, underpinned by healthy population growth and an expanding regional economy, is projected at 37.4% over a 10-year period.
The median household income in Des Moines was $68,649 in 2018. Although wage growth has been sluggish, Des Moines continues to benefit from falling unemployment and more than 19,000 new jobs.
3 Key Factors That Help Des Moines Homes Sell Faster
The last thing any Des Moines seller wants is negotiation setbacks or marketing delays. We’ve listed three key factors that can speed up the sale process and help expedite potential hurdles:
Deliver a Memorable First Impression
If you want to get buyers interested in your property quickly, making a good first impression is a vital first step. To forestall any concerns about property condition, sellers should complete any minor repairs or renovations, declutter and clean the interior of the home, and consider landscaping the front yard to improve curb appeal.
Pricing Your Property Right
The listed price of your home should reflect the property’s value in the local market. However, if your house is priced too high for Des Moines buyers, your listing will get limited attention at best. If the market is tending towards a long-term downward shift, sellers may need to quickly re-price their home to account for changing market dynamics.
Conduct a Home Inspection
Conducting a professional property inspection ensures that the seller is aware of any structural or utility defects in your home. This means you can address them in advance, rather than being caught unawares during sale negotiations.
Beware of “We Buy Houses for Cash” Companies and iBuyers
“We Buy Houses for Cash”
If you’ve bought or sold real estate, you’re likely familiar with “We Buy Houses for Cash,” also known as Sign Buyer companies. These companies target sellers who are desperate to offload their home quickly, offering them below-market, all-cash offers for their home. “We Buy Houses for Cash” offers are designed to appeal to buyers in various forms of overleveraged or high-debt financial distress.
Sign Buyers sweeten the deal by agreeing to market the sale on a zero-commission proprietary online platform. When sellers accept this offer, Sign Buyers immediately work on flipping the home for a significant profit. If you are contemplating an all-cash offer from a “We Buy Houses for Cash” company, remember that any cost savings from a zero-commission sale will mean nothing if you sell your house under its fair market value.
For comparison, homeowners that sell their property through an experienced real estate agent can often close sales worth up to 125% of their home’s market value. If you’re planning to sell your home in Des Moines, sign buyers to look out for include FastHomeOffer, HitHomeSolutions, and WeBuyHousesIA.
iBuyer companies take advantage of a similarly underhanded property sale business model. The main drawcard of iBuyer companies is the speed at which sellers can close their property sale. However, sellers should know that they are paying considerable commission margins for the convenience and speed of iBuyer sales. The average commission cost of an iBuyer listing is 6% of the sale price. If you think this is high, iBuyer companies will also charge sellers an additional service charge to manage the risk of downward market movement.
Benefits of Partnering with a Local, Des Moines Real Estate Agent
If you’re planning on selling your house in Des Moines, Iowa, it’s important to work with a real estate agent that is experienced with local housing sales data and long-term market trends. A reliable real estate agent will not only handle closing negotiations — they’ll guide you end-to-end through the entire property sale, from setting up a listing and marketing your home to solving unexpected problems and accepting the right offer. If you’re looking for a real estate agent who can get your Des Moines home sold fast, reach out to connect with a Clever Partner Agent.
Agents in the Clever Partner Network are employed by top-rated real estate brands and brokerages around the country (Keller Williams, Re/Max, Century 21, etc.). This means that Clever Partner Agents are experts at selling homes quickly — and for top dollar market price. In addition to a quicker property transaction, Clever Partner Agents can also net sellers a variety of time-effective cost savings. In fact, selling through Clever is an immediate cost saving in itself — this is because Clever Partner Agents have agreed to sell your home for a flat fee of $3000, or 1% if the home sellers for over $350,000.