How To Sell Your House Fast In A Slow Market
In today's real estate market, more houses are sitting on the market than there are available buyers. More and more homes are entering the market, either from home owners or from banks trying to offload their foreclosed homes.
Selling your house fast can therefore quickly become a challenge. So how would you sell your home in such adverse market conditions?
Internet is the first place most home buyers look. They will usually search in real estate websites like Realtor.com and other real estate websites.
Usually this happens long before they call a Realtor. What they do next, such as narrowing down on the right home, driving out to see it, etc, depends on several factors.
1) Price
Once they search their house using the right criteria, such as size, neighborhood, price range, the first thing they look for is the price.
Naturally the lowest priced homes will be more attractive to the home buyer. This means you need to price your house lower than similar houses in the neighborhood if it has to sell faster.
While price is not the only factor home buyers look for, it is the first thing they ever notice long before they look at anything else.
New listings are usually more attractive, so it is important to price it right the first time.
Of course, your mortgage balance must allow you to price it fairly on the market. Your Realtor will help you get the best price for your house.
2) Staging and presentation
This usually gets overlooked when selling a house. The pictures you post with your listings can make a big impression on a home buyer.
This of course happens long before the home buyer drives out with their Realtor to see the home.
Does it look presentable? Are the most prominent features of the house highlighted by the pictures?
Whenever possible, it is better to stage a house with furniture than one without it. If this is not possible, always try to cover all angles of the house while trying to present the best features of the house.
Remember will only drive out to see the house if they have a good first impression.
3) Curb appeal
The first thing the home buyer notices when they drive out with their Realtor is how the house looks on the outside.
Does the yard look clean? Is the roof covered by a tree hanging over it? The curb appeal can be drastically improved by a simple coat of paint on the outside and the mailbox.
Remember they must be attracted to the house to even take a look inside.
4) Condition of the house
Does the house need repairs? Repairs turn off most home buyers. Majority of them cannot handle repairs.
They will expect a price cut o cover repairs if at all they can handle it.
Are the main appliances working? A new carpet and coat of paint can do wonders. However, be careful not to break the budget fixing the house.
5) Negotiate
If an interested buyer asks for it, be ready to negotiate. A small price break might be all they need. It can make the difference between selling or not, or even keeping it for months.
Most home buyers start their search on the internet from websites that have mls idx where they can search for homes available. If you are a Realtor, learn how you can super charge your business with an automated direct response real estate website .
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