Buying or selling a home in a slow housing market can be difficult but not impossible. A buyer is reluctant to invest because they are scared that the prices of homes will decrease more once they buy a home while the sellers are finding it difficult to sell their home at a reasonable or decent price. It becomes a little difficult for a homeowner to convince a buyer to buy their home. If you are a seller there are some smart tips you can incorporate that will help them sell their home quickly even in a slow housing market.
One tip that can work in your favor is to put a board on your front lawn that states for sale or price reduced. Make sure that you hire a professional real estate agent that has experience in selling homes in a slow housing market. Here are some other tips that can help you sell your home quickly.
• Know your competition and market-before you can start to search for buyers you have to know about the composition of your target market. For example, if your home is based in a cul-de-sac that is quiet and you have a traditional house empty nesters or baby boomers will be attracted to this type of home. Newly married couples will be more attracted to a modern home. All of the marketing efforts will be based on buyer preferences and location; you should also have estimates of your competitors, which will be other sellers in your area. Buyers will inquire about other homes for sale so you cannot just quote a price and wait for a buyer to pay what you quoted. In a slow housing market, sellers will outnumber the buyers.
• Stage your home professionally-some feel that doing this is just an added expense but it is one the best ways to stimulate the desire in the buyer to live in the home. It is recommended that you hire a professional home staging professional because they have the knowledge of the psychology of different buyers, their preferences, and taste. These professionals also know how to cash in on the strengths of your home and camouflage any weaknesses. They will know how to position your furniture so that it leaves a lasting impression on the buyer and make your home stand out from its competitors.
• Make it visually appealing-if you have a fireplace and it is during the winter keep the fire burning, play mellow music, use bright lights to make the place look positive and make sure it has curb appeal. Be sure the lawn is mowed neatly in the summer; remove any weeds around the sidewalks, etc. This way your home will look beautiful inside and outside.
Assist to Sell Buyers and Sellers Choice is one of the largest real estate groups in North America. If you are looking for Broadmoor homes for sale or want tips on buying/selling in the Colorado Springs housing market then just call 303-332-9924.
Article Source: http://EzineArticles.com/expert/Lora_Davis/2146280
Article Source: http://EzineArticles.com/9628440
One tip that can work in your favor is to put a board on your front lawn that states for sale or price reduced. Make sure that you hire a professional real estate agent that has experience in selling homes in a slow housing market. Here are some other tips that can help you sell your home quickly.
• Know your competition and market-before you can start to search for buyers you have to know about the composition of your target market. For example, if your home is based in a cul-de-sac that is quiet and you have a traditional house empty nesters or baby boomers will be attracted to this type of home. Newly married couples will be more attracted to a modern home. All of the marketing efforts will be based on buyer preferences and location; you should also have estimates of your competitors, which will be other sellers in your area. Buyers will inquire about other homes for sale so you cannot just quote a price and wait for a buyer to pay what you quoted. In a slow housing market, sellers will outnumber the buyers.
• Stage your home professionally-some feel that doing this is just an added expense but it is one the best ways to stimulate the desire in the buyer to live in the home. It is recommended that you hire a professional home staging professional because they have the knowledge of the psychology of different buyers, their preferences, and taste. These professionals also know how to cash in on the strengths of your home and camouflage any weaknesses. They will know how to position your furniture so that it leaves a lasting impression on the buyer and make your home stand out from its competitors.
• Make it visually appealing-if you have a fireplace and it is during the winter keep the fire burning, play mellow music, use bright lights to make the place look positive and make sure it has curb appeal. Be sure the lawn is mowed neatly in the summer; remove any weeds around the sidewalks, etc. This way your home will look beautiful inside and outside.
Assist to Sell Buyers and Sellers Choice is one of the largest real estate groups in North America. If you are looking for Broadmoor homes for sale or want tips on buying/selling in the Colorado Springs housing market then just call 303-332-9924.
Article Source: http://EzineArticles.com/expert/Lora_Davis/2146280
Article Source: http://EzineArticles.com/9628440