My Dishwasher Is 6 Years Old Is It Worth Repairing Homes For Sale – 7 Tips for Selling in a Slow Market

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Homes For Sale – 7 Tips for Selling in a Slow Market

In the past decade home sales have gradually become a buyer’s market. While this is good news for the buyer, it is becoming a nightmare for those trying to sell their home. Because of this, sellers often have to drop the price of their homes significantly to make the sale, resulting in huge losses. However, there are ways to increase the chances of the sale without the seller having to take a huge loss. The following is a list of seven tips for successfully selling a home in a slow market.

1) Appearance is important – When looking to buy a home a buyer will naturally relate to houses with a nice appearance. Fixer-uppers are not as popular as they once were. The first thing a seller should do is fix anything that might catch a customer’s attention. For example, the garden should look immaculate at all times. If the gutters on the house are leaking, that is the first thing that people will notice. If the house has chipped paint, paint it. It is worth the money to set up your property for a curb appeal.

2) Be flexible – Be prepared to make yourself short on weekends if needed to show the house. Keep things tidy at all times for last minute appointments made by prospect customers. Try not to limit the times you are willing to give access to the home.

3) Keep the home at market price – If you are stuck in the mindset of making big dollars from the sale of your home, chances are your house will be on the market for years. The best way to drive away buyers is to put the house up for sale above market value. Keeping the house for sale at a reasonable market price means that there will be more interest in coming to the open house, thus giving you a better chance of making the sale. It is a known fact with realtors that if the price is right, there is a buyer out there for every house.

4) Find an agent with extensive sales history in your town- A good realtor will know exactly how to determine a fair market price for your home. He should also have a record of being able to sell a home within three to four months. A realtor experienced in selling property in your particular community will be able to guide you through the process efficiently and in a timely manner. If you have a realtor who does not have many years of experience, this will waste valuable time and money while he is still working on perfecting his craft.

5) Give the home a warm and welcoming feel – If the walls in your home are painted in vibrant colors, tone them down with neutral shades of tan and beige. This allows prospective buyers to picture their own furniture in the home without any distractions. Set the mood with light scented candles in bedrooms and bathrooms. Soft soothing music in the background will give the customer a relaxed and comfortable feeling. Buy new linen for the beds and throw pillows for the sofas. Give your home that “homey” feeling that everyone is looking for.

6) Do your research – Go to open houses and check out other houses on the market in your area. See what they have to offer a potential buyer. If they have a comfortable sitting area in the master bedroom, create your own comfortable sitting area to attract these buyers. You’d be surprised what you can do with just a few oversized throw pillows and a window with a view. Collect ideas from other houses and use your imagination for the rest.

7) Give incentives to potential buyers – When a buyer is interested in buying your home but wants you to come down on the price, try using other incentives instead. For example, you may want to offer to pay a buyer’s closing costs. This is always a shame for buyers because it saves them money, allowing them to have more money for a down payment. Some sellers choose to throw in appliances such as a refrigerator, dishwasher or washer/dryer.

In a buyer’s market, it is the responsibility of the seller to be resourceful in finding a way to move their property. Selling isn’t always a piece of cake, but with a little effort, it can still be done successfully.

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