Tips For Selling Your Home In A Buyer's Market
It is a buyers market right now but that doesn't mean that you cannot sell your home or that you have to sell it for an amount that is not acceptable. Sellers have many reasons for selling and life doesn’t always wait for the “right” market conditions. You have to evaluate the pros and cons of selling in today’s market in light of your own financial and personal goals.
And yes, you can sell your home in a buyer’s market!
FrontDoor.com, HGTV’s companion information site, lists the Top 10 Ways to Beat the Sluggish Housing Market Here are my takes on my favorites:
• “Hire an aggressive, well-connected real estate agent.” A qualified real estate professional is your MVP in the selling game. I’ve spent years building a base of satisfied clients and responsive contacts. I know my market, and I know how to sell your house in my market area.
• Have a focused selling plan right from the start. You want to aim, then shoot--and not the other way around. Today’s market is tough. Your tactics should be, too--and they need to be part of an organized game plan that gets the job done. The right real estate agent can set up a marketing plan that gets your home sold.
• Get your home in shape. If you know you need to make repairs, don’t wait: Get them done before your home goes on the market. And if you’re worried there may be less-obvious problems that might affect a sale, call in a professional home inspector. Bottom line: If you suspect, inspect!
• Consider doing some remodeling. If your home could use some updating with amenities that buyers really want--and are willing to pay for--take the plunge. For some great ideas, check out FrontDoor.com’s 10 Things that Make Buyers Bite.
• Entice buyers with incentives. Throw in some bonuses you can afford, like help with closing costs or flexibility with the closing date. Think about it: It’s a buyer’s market. Can you afford not to offer an incentive or two?
So should you sell your home now? In the end, only you can answer that question. But do your research and take some time to explore the possibilities. Your real estate agent can help with targeted information and professional expertise. Just ask!