I like it when the media puts out good, constructive information. Luke Mullins with US News & World Report had a nice piece yesterday providing a number of tips for the person trying to sell a home in a slow market. Click here to see the article.
Essentially, Mullins advises home seller to do the following:
1) Make the necessary repairs. There is so much competition out there that buyers are choosing well maintained homes over ones with lots of repair needs.
2) Price your home right. This is a tough one for a lot of home sellers at this time. There are many bank owned properties and short sale homes with very low prices on the market. Some of these are real beaters but other are not. The thing to understand is that they are now your competition.
3) Know your agent. Luke advises you hire an experienced agent with a provable track record. I posted a comment to this point you can read if you want. Basically, I said that your agent needs strong Internet marketing skills as well.
4) Be flexible. Here he talks about making your home easy to see. Easy access is important, especially in this market. We often have 15-20 properties to show our clients. If we can't get into yours during the time our clients have to look, your home may be passed up. I had one this past weekend where they had left a growling dog in the house. Guess what, we didn't go in.
5) Bite your tongue. I'm sure he meant this figuratively. Bottom line... seriously work with every offer that comes your way and don't get all prissy because someone low balls you. I'd read the article just for this piece of advice.
I truly believe the information in this article is valuable. People are buying homes in the Phoenix area at a rate not seen is many months... these tips may make yours one of them.
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