Selling Your House in a Buyers Market
During a buyers market, there are an abundance of homes available to potential buyers, and they have the ability to call the shots. If you are looking to sell your home when the market favors the buyer, you have to do everything possible to make your house stand out from the crowd. Here are a few tips for selling your house in a timely manner when the odds are stacked against you. For more information feel free to visit our sponsor at: Premier One, Your Place to Find Charleston SC real estate.
1. Fair Market Analysis – Your realtor is going to sit down with you and show you a fair market analysis of homes that have sold within a few miles of your home this quarter. This is key information that you need to carefully analyze and then price your home you are slightly under the average of homes selling near you. If you think you deserve more and don’t want to drop your price, you may be stuck selling for many years, then wind up dropping it all that time later when you could have gotten out this year.
2. Professional Realtor – One thing about a professional realtor is they can sell a home in any market conditions. The reason the market doesn’t affect them is because they have a huge list of buyers and sellers that are referred to them that are waiting by the phone for any news about a new listing. Your realtor can connect you with buyers who are looking for a house like your, and explain to you how to sweeten the deal to make it more appealing to them.
3. Spend Money Now – Rather than spend years paying a mortgage on a house that you want out of now, you could spend a little money now making your home more appealing to potential buyers. Consider having the landscaping addressed, turn that spare bedroom into two, and sell as a four-bedroom house, or remodel that dated bathroom before you list the house. Anything that you can do to make the house more desirable increases the chances of you being able to sell the house faster.
Just because it is a buyers market, this does not mean you have to be stuck in your home at their mercy for months or years to come. Take a proactive stance and do the things that your realtor suggests, including dropping the home price to a point that will get buyers in the door as quickly as possible before they simply find another house to buy.