Don’t get down in a down market about Selling Your Home Fast. You can increase your chances of selling your home quickly in a slow real estate market by taking 3 easy steps. There are more things you can do than these 3 easy steps but start here and watch your progress – are you getting more calls to see the house?
Does your realtor tell you there’s more action? Are you getting any quotes? You’re on the right track if that’s the case. Until it’s sold, keep on making it a better place to buy in a down market than the other homes that are just sitting there.
Some simple home staging could make your home much more attractive to buyers!
Maximize your curb appeal (inside and out Selling Your Home )
That’s right – fix it up. Don’t spend any money if you don’t have to but spend the time making your place appear, neater, cleaner, more charming. Little touches here and there make all the difference. Trim the ugly bushes, remove the cobwebs from the front door, clean the windows – hang that missing curtain. Curb appeal brings people into your home.
The more traffic you have coming through your doors the more possibilities to sell your property. Show it the loving-kindness you would want to see when you’re looking to move into someplace else.
From the curb to the front door, to the entranceway and beyond – get your home in order. Let the outside be the first clue that this is a place to make a home. But don’t stop there. Curb appeal only lasts so long. If it’s immediately antidoted with unsightly clutter and a sense of disorder you will immediately lose your curb appeal and turn off your potential buyer. Clean it up, inside and out.
A fresh coat of paint brings in more light. Don’t forget about the invisible appeal factors of pleasant smells and aromas that entice people on a whole other level. A nice throw on the couch says “home.” Be creative. Find pictures or postcards if your walls are empty. A vase of flowers, Selling Your Home, a display of books and magazines to make the living room cosy. The higher-priced homes call this “staging.” It’s just common sense. Your house is on stage. Get it looking right, clean and in its Sunday best.
The (Home) Price is Right – Selling Your Home
Is your price the right price? If you want to sell in a down market find the price that works best for you but also meets the market. Sure, your home is worth a million dollars to you, but be realistic and see what others are asking. Don’t go way above them and don’t go way below. But you know what it will take to get more people to look. That’s what you’re after here and ultimately after selling it.
So let go of your greatest expectations and get real, get it down to the market expectations and be competitive. Remember that reducing your price also brings in a wider set of buyers. If you’ve ever gone to an antique store and really liked a piece; but didn’t really need it – you’ll understand the need for the right pricing.
If the antique was too high to even begin bargaining with the owner you moved on. You have to make the price right for the market or within range. Otherwise, just as you would, your potential buyers will not even stop to ask about the price and begin negotiations.
Work with a real estate agent
This is the time to devise a way to market your home to the widest potential buying market not the time to do without an agent and save that fee. Use the resources available to you through an agent and their resources. They have access to pools of potential buyers and markets that you don’t.
If you choose to save the commission and use that money to lower your price be prepared to deal with the need to find ways to advertise your own home. You can get creative. Selling Your Home That’s a choice in a down market. But you might want to stick with the people that have ridden this sort of market before – check for experience, longevity and a need to make a living on the agent’s and agency’s part. Most real estate agents will also be able to help you with the other two points: curb appeal and setting a proper price.
Remember, a real estate agent wants to sell your home too!
Even after taking all these steps, it may still take some time to sell your house to the right buyer. There are new programs opening up which could actually allow you to make money even if you sell your home for less than it’s worth. The program requires you to short sell your home and then walk away without owing the bank the balance of your existing underwater mortgage.
In the end, patience is a virtue! A down market doesn’t mean there’s no market. Sales are slower and prices are lower. But if you’re prepared, and in this market being prepared is key, you can rise above the averages and sell your home. Part of your preparation should be patience.
Keep your home ready to sell but keep your head in the patient mode. If everyone is hesitant because the economy is uncertain, provide yourself with the key ingredient to succeeding in Selling Your Home in this market at this time – a home that is ready to be bought and a head that says “Give it time, it will happen.”