| Selling In A Buyers Market |
Although home appreciation has leveled off in some markets, sellers can still get good prices for their homes. The sale
may take a bit longer, but a little creativity can help sellers move homes without having to drop the price.
I offer the following suggestions for sellers who want to speed the process:
Price Your Home According to the Current Market. Just because a house comparable to yours sold for a very high
price last year does not mean you will be able to realize the same price when selling your home now. Work with a full-
service real estate professional to determine the appropriate, competitive listing price for your home. Remember that in
this market, your sales associate may encourage a list price in accordance with others currently on the market, rather
than those previously sold. Visit the Home Value Estimator to get a sense of comparative sales prior to meeting with
your sales associate.
Be Thankful for Appreciation. While price appreciation has slowed in some markets in 2006, it is important to look
realistically at the financial gains you have made over the years you have owned your home. According to the National
Association of REALTORS®, over the last six years the median sales price of a single-family existing home in the U.S.
appreciated 7.6 percent annually.
Make Your Home More Marketable. When a buyer sees your house for the first time, a critical first impression is made.
If applicable, maximize curb appeal by trimming trees and planting flowers. A fresh exterior coat of paint might also
prove valuable. Consider neutral colors for interior walls and carpets. Dark colors on walls, along with unnecessary
clutter, make rooms look smaller. To see videos on making your home more marketable, click here.
Conduct a Full Home Inspection. If repairs are required, it is a good idea to go ahead and fix the problems. Potential
buyers will cast an extremely critical eye over your home and, in a situation when more houses are available on the
market, they may take a pass on a home that needs too many repairs. Be sure to have the home inspection report
available for prospective buyers itemizing all of the repairs that have been made and the associated cost for each.
Offer a “Seller’s Contribution.” A seller can sweeten the deal by offering assistance to the buyer in ways that do not
require lowering the asking price. These tactics can help your home to stand out from the crowd. For example:
· Offer to buy down the interest rate on the buyer’s mortgage.
· Offer to pay a portion of the closing costs.
· Many condos and houses across the country belong to homeowners’ associations that require annual dues. Paying
the first year’s fees could be a big incentive to a buyer nearing the limit of his or her liquid assets.
Don’t Worry. Properly priced homes that stand out from the competition are selling and demand for homes is still at
historical highs. Call me to find out how long an appropriately priced home is expected to remain on the market in your
area.
may take a bit longer, but a little creativity can help sellers move homes without having to drop the price.
I offer the following suggestions for sellers who want to speed the process:
Price Your Home According to the Current Market. Just because a house comparable to yours sold for a very high
price last year does not mean you will be able to realize the same price when selling your home now. Work with a full-
service real estate professional to determine the appropriate, competitive listing price for your home. Remember that in
this market, your sales associate may encourage a list price in accordance with others currently on the market, rather
than those previously sold. Visit the Home Value Estimator to get a sense of comparative sales prior to meeting with
your sales associate.
Be Thankful for Appreciation. While price appreciation has slowed in some markets in 2006, it is important to look
realistically at the financial gains you have made over the years you have owned your home. According to the National
Association of REALTORS®, over the last six years the median sales price of a single-family existing home in the U.S.
appreciated 7.6 percent annually.
Make Your Home More Marketable. When a buyer sees your house for the first time, a critical first impression is made.
If applicable, maximize curb appeal by trimming trees and planting flowers. A fresh exterior coat of paint might also
prove valuable. Consider neutral colors for interior walls and carpets. Dark colors on walls, along with unnecessary
clutter, make rooms look smaller. To see videos on making your home more marketable, click here.
Conduct a Full Home Inspection. If repairs are required, it is a good idea to go ahead and fix the problems. Potential
buyers will cast an extremely critical eye over your home and, in a situation when more houses are available on the
market, they may take a pass on a home that needs too many repairs. Be sure to have the home inspection report
available for prospective buyers itemizing all of the repairs that have been made and the associated cost for each.
Offer a “Seller’s Contribution.” A seller can sweeten the deal by offering assistance to the buyer in ways that do not
require lowering the asking price. These tactics can help your home to stand out from the crowd. For example:
· Offer to buy down the interest rate on the buyer’s mortgage.
· Offer to pay a portion of the closing costs.
· Many condos and houses across the country belong to homeowners’ associations that require annual dues. Paying
the first year’s fees could be a big incentive to a buyer nearing the limit of his or her liquid assets.
Don’t Worry. Properly priced homes that stand out from the competition are selling and demand for homes is still at
historical highs. Call me to find out how long an appropriately priced home is expected to remain on the market in your
area.
| Realistic Listing Fees For This Unrealistic Market Click Here Or Doug Baird For More Details 616-554-5796 |
