Great Tips To Help Sell Your Home in a Buyer's Market
by Rick Delgado
on Thursday, April 7th, 2016 at 10:19am.
Check out these helpful tips if you are selling your home in a buyer's market, where there are far more homes for sale than people buying houses.
Getting a good price or full value for your home can be tough when you put it up for sale in a buyer's market. Buyers are seeking a good deal, and they want to get the best house while paying less for the same type of home. Additionally a buyer in a buyer's market can be far more selective, so your home should be priced properly, and ideally be ready for immediate move in with a minimal amount of work on behalf of potential home buyers.
Pre-Market Your House
Talk to Rick Delgado about pre-marketing your home so as to see how well the market will respond to the listed price. Rick will pre-market your home in social media and other real estate agents at the brokerage.
Check out the Competition
You have to know what other houses yours in up against in terms of drawing a buyer. With price being the key in a buyer's market, you must know how similar homes in your area are priced. You realtor will make a massive difference here because he or she has access to the list price of all homes in your neighborhood or city. You will also be able to see pending sales, which will give you a very good idea of what buyers are prepared to pay.
Pictures Tell the Story
A picture is a worth a thousand words and having stellar photos of your home is one of the most important must-haves when selling in a buyers' market, especially given most people, if not all, will see your house on the internet. A good realtor will get a professional photographer to take the photos. Some agents are excellent photographers and take their own pictures.
Choose the right Real Estate Agent
Find a real estate agent with a long history of selling homes in your area. He or she will know the real estate laws in the community and what trends have been happening. If you choose a realtor with no first-hand knowlege of the area, you are risking not getting quality representation.
Pick the Right Renos
Firstly don't spend a lot of cash renovating your home. Instead, spend the money on cheaper renos like paint, which is not expensive and will make a big difference in making your home look fresh. Also a new front door is a cheap and effective way to make a good first impression on people looking at your home. Additionally, you definitely want to de-clutter. Don't hesitate to rent a storage bin, because the last thing a buyer wants to see is all your junk lying around the house. They'll leave and buy the home down the street.