Tuesday, December 27, 2011

How To Sell In A Buyer's Market



Experts tell us that it's not a seller's market anymore. This doesn't mean that it will be hard to sell, but you might need to make the extra effort to get your house to move faster. Here's how you can sell your house in a shorter period of time.


Sell for a reasonable price. Nowadays, buyers are more cautious where they invest their money. They wan to know that what they are choosing is right. Be practical and choose a price that reflects the current market, not the market six months ago.


First Tip. Sell your house at a price at or below the competitive market price. So if the neighbours are selling for $400,000, sell your house for about $395,000.


Provide a little extra. Offer an incentive so you can attract buyers. Gone are the days when people are willing to pay more for less. This means buyers want to make sure they get their money's worth. You can make them feel like they are getting a good deal.


Tip #2. You can offer to pay the buyer's closing costs as a perk of the sale. Or you could be flexible with the length of escrow and be willing to fix items in the house inspection report.


Make things pretty. Spending a little money to improve the appearance of your house can work magic when it comes to attracting a buyer.


Tip #3. Fix that wobbly doorknob, plant a new flowerbed, or put on a fresh coat of paint to give your house a fresh and new appearance.


Don't forget to clean. You must make sure the house would be clean and pleasing. Remember that they are most likely going to be looking in closets, opening the oven door and peeking in showers. You want to show your house in the best possible light.


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


Doing so would help attract buyers to your house. Show a buyer that you are keeping him in mind and that you want to give a fair sale. That can go far in today's real estate market.

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