Selling Your Home Fast in This Market
If you are trying to sell your home, you know that it is most definitely a buyer’s market. Plus, there is a good chance that your home will be on the market for months before you manage to sell. This means that you may need to take drastic action in order to sell your home quickly. CNN Money offers these 5 things you can do to speed up the home selling process:
- Lower your price. You have to realize that, in this market, competition is fierce. You may have accept less than your asking price. Be prepared to come down if you want to sell quickly.
- Spruce up the exterior. One of the best things you can do is make the outside look a little bit nicer. You don’t have to do anything major, though. Power washing, a little TLC for the yard and some new paint for the door can go a long way. You need to improve the curb appeal so that buyers can see that your home is a better choice than the foreclosure on the next block.
- Concentrate on first-time homebuyers. With all of the incentives, first-time homebuyers are the largest segment. Market your home so that it seem more attractive to this audience.
- Online keywords. You can sell your home faster if online searchers can find it. Think about what makes your home great, and highlight that with keywords like “granite counters”, “new appliances”, “deck” and “pool.” Include pictures, and make sure your home is priced at the low end of the range.
- Offer a speedy deal. Be prepared to move fast to offer “freebies” like paying closing costs or homeowner’s association fees. Offer a carpet allowance or new appliances. You have to be able to show what a good bargain it is.
In the end, selling your home fast is about accommodating the seller. If you don’t think you can do that, you might try waiting to sell your home. Because right now, there are plenty of options for buyers, and they can afford to be picky.
July 1st, 2009 at 10:29 am
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