The ever changing real estate market has taken yet another turn and conditions in most parts of the country are now favoring the buyer. Often referred to as a "buyer's market," this means that the inventory of homes for sale exceeds the demand for homes. As a result, buyers can be more selective and more conservative with their offers.

But that does not mean at all to lose all hope if you need or want to sell your home now. Use these three steps to help your home go from "For Sale" to "Sold" with better timing.

 

                                                              

1. Price It - The number one thing you can do to help your home sell in a buyer's market, or really any type of market for that matter, is to be realistic by pricing it right. An informed buyer and/or an experienced real estate agent will know value when they see it.  I have seen on many different occasions, where a seller is not doing enough research and putting their house up for sale at a unrealistic price.  If you want to price your home up high, then it better be of a high quality.  If a buyer and/or a real estate agent see your house still on the market after some time has passed, it is highly likely that they will be turned off.  This usually sets a tone that the seller is unwilling to work with any buyer, no matter how true/not true that is.  Always remember that there are other homes being put on the market everyday.

                                                    

2. Make it Show - I cannot tell you how much of a pet peeve this is for me.  Why do people show their homes in such disarray?  When I go to see a home for sale that's in shambles, I always think: "HOW DO THEY EXPECT TO SELL THIS HOUSE?"  When you want to sell your home, it should always look picture perfect inside AND outside!  This concept is also known as 'STAGING'.  Every time you know your home will be viewed by a potential client, make sure it looks magazine cover perfect!  This will, without a doubt, let the buyer feel at home, or better yet picturing that home as being their own. 

Now, if you no longer live in that home, make sure that it is cleaned on a weekly basis.  Nothing too dramatic mind you, but hire someone to come in and do a little vacuuming, and a little dusting.  You want them to basically make sure that things there are still presentable.  I can not tell you of how many times I have gone to see a home and been utterly disgusted by the dirt and bugs that have taken over.  This will DEFINITELY turn off at least 75% of the buyers that may come to see your home.  In their minds, they are just thinking about how much work that needs to be done before they can think about moving in.

                                                     


3. Choose Wisely - Hire a real estate professional who has the experience and network to get you a buyer and have your home sold. In a buyer's market it is critical to have a professional who is working non-stop to make sure that your home stands out in the market.  They need to be able to bring you not only potential buyers; but the knowledge of how to set the right price, tell you how to stage the home, and guide you through negotiations. A Realtors® knowledge about the local marketplace is invaluable.

 

 

4 Comments on Tips on how to guarantee your house will sell....

OCT
07
2007
353,023 Points 15 Featured Posts Outside Blog
Jessica, Jessica, Jessica! :) One and two were great, but to suggest a Realtor is somehow better equipped to sell your home than someone who isn't is actually not telling the truth - which surely is in conflict with the Realtor code of ethics. To be a Realtor all you have to do is sit through a three hour ethics class and then pay your dues. That's it. Nothing more; no ongoing training; nothing. I am a Realtor by the way, but I don't believe for a second that makes me more of an expert than someone else in my market who isn't. What sets me apart from my competition is my innovative marketing techniques; my understanding of our market and my willingness to work extremely hard for my clients.
7:15pm • #1
233,860 Points 3 Featured Posts
great blog, thx for sharing
7:21pm • #2
OCT
11
2007

Simon - Thanks for your thoughts 

 You misunderstood, I was just stating my opinion.  In my opinion, because of the understanding of the market, I think being a Realtor does set one apart.  Not only because they are a Realtor.  But hey, we are all entitled to our opinion right? 

4:08pm • #3
118,356 Points 6 Featured Posts Outside Blog
Simon, nice point however, if you were truly a marketing guru....you should easily understand that by simply using the name REALTOR in your materials will set you apart from others and establish a form of professionalism in a potential Buyers or Sellers mind before they even meet you.
4:26pm • #4

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Jessica Torres

Frederick, MD

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Century 21 Premium Realty

Address: 1200 East Patrick Street, Frederick , MD, 21701

Office Phone: (301) 668-5082

Cell Phone: (301) 305-3754

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