Its not a secret that the record home sales Beaumont experienced in 2007 slowed a little in 2008. Talk about the perfect storm going against home sellers. Sellers are faced with increased inventory, difficult lending standards, and a barrage of economic news which is scaring all but the bravest home buyers.
So how does a seller make the best of this market and get their home to sell faster than their neighbor?
Slow-Market Secrets offers sellers some strategies to help sell their home before the "For Sale" sign begins to collect dust. Authors William Bronchick and Ray Cooper offer these top tips for a home seller. No, they aren't anything earth shattering or never heard before but they do offer some common sense advice for all those hoping to sell their home in a tough market.
To break it down for you, here's the six things they tell you do to:
- Make sure your sales price puts you in the best price point in the right price range. For a full explanation - read article or call me.
- Information is key. Buyers want to know everything about the home they buy. That means schools, utility bills,taxes, and more.
Ask your REALTOR to prepare advertising fliers on your home to keep out with the yard sign. *I'm not sure I agree with them on this one.
Tell the neighbors. Tell all the neighbors. Tell them again. They may want to pick who moves in. Let them help you sell your home.
Creative financing can help buyers over the hurdles of closing costs.
Don't pass up the first offer. Holding out in a slowing market can be a big mistake.
Sure its a little tougher to sell now that it was this time last year. You just have to be market savvy. If you've owned your home for more than three years you will probably have around 25% appreciation in your home's value. Don't be greedy and try to over price your home. That doesn't work in the current market. Price it right and you will find you can still sale your home fast even in a slower market.
Need to know what your home is worth in today's market? Call me and I'll provide you with a competitive market analysis on your home. Free!