Sunday, 25 December 2011

How You Can Sell In A Buyer's Market

By Chris Scarborough


The experts say that it is no longer a seller's market. No, it doesn't mean that it will be hard to sell; you just have to do more to make your house sell faster. Here's how you can sell your house in a shorter period of time.

Have a realistic price. Buyers are learning to be more cautious when it comes to investing their money in a new home. They want to make sure that they make the right choices. So you must have a price that reflects the current market, and not the market half a year ago.

First Tip. Choose a price at or below the competitive market price. (e.g. If your neighbors are asking $400,000, list your home at $395,000 to generate interest.)

Have more than the rest. Offer an incentive so you can attract buyers. Gone are the days when people are willing to pay more for less. Buyers are going to be more cautious and sensible about their purchase. With incentives, they will feel that they have a good deal.

Another Tip. Offering to pay the buyer's closing costs would make buyers happy. You could also choose to be more flexible with the length of escrow and be willing to fix items.

Make things pretty. Buyers will be attracted to beautiful houses, so don't hesitate to spend a little to beautify the environment.

Tip #3. You should paint the house, fix the wobbly doorknobs, or plant some flowers.

Clean, clean, clean. A clean house will please a buyer. Keep in mind that buyers would look in closets, open oven doors, and peek in showers. You want your house to be at its best.

Tip #4. Clean, dust, scrub, and polish your house to make it shine.

Doing so would help attract buyers to your house. You must also show that you are keeping the buyer in mind and that you are willing to provide a fair sale. That can go far in today's real estate market.




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