Sell Your Property Tip 1
Every seller wants their home to sell fast and bring top dollar. Does that sound good to you? Well, it's not luck that makes that happen. It's careful planning and knowing how to professionally spruce up your home that will send home buyers scurrying for their checkbooks. Here is how to prep a house and turn it into an irresistible and marketable home.
You have to be willing to price it right: If you’re going to sell your home in a down market, you may have to be willing to make some concessions on price. In many areas foreclosures have depressed the prices quite a bit. While you may not be able to cut your price to the level of some of those bank owned homes, you can still do your research as to what comparable homes are selling for, and undercut their prices. You may not get as much action as the foreclosures, but you will at least get more action than other sellers who aren’t as flexible on price. Try not to get emotionally stuck on a certain price.
When conversing with real estate agents, you will often find that when they talk to you about buying real estate, they will refer to your purchase as a "home." Yet if you are selling property, they will often refer to it as a "house." There is a reason for this. Buying real estate is often an emotional decision, but when selling real estate you need to remove emotion from the equation.
You need to think of your house as a marketable commodity. Property. Real estate. Your goal is to get others to see it as their potential home, not yours. If you do not consciously make this decision, you can inadvertently create a situation where it takes longer to sell your property.
The first step in getting your home ready to sell is to "de-personalize" it.
According to data released by the National Association of Realtors (NAR) in October, the Existing Home Sales gained 9.4 percent to a seasonally adjusted annual rate of 5.57 million units in September in all major regions of the country and 9.2 percent above year-ago levels. The Existing-home sales activity is at the highest level in over two years as more first time home buyers took advantage of tax credit incentives and lower home prices driven by the record number of foreclosures and lower mortgage interest rates. According to NAR, first-time home buyers accounted for more than 45 percent of home sales during the past year.
The housing market continues to demonstrate signs of recovery. According to NAR, "The current housing supply is the lowest we've seen in tow and a half years. If we could continue to absorb inventory at this pace, home prices would return to normal, modest appreciation patterns next year." Home sellers should seize the opportunities and learn several strategies to sell their homes faster. Read our home selling tips and resources here.
