Whether you are buying or selling Real Estate, information about the current market is important for you to make the Right decision.
Char McPherson, Realtor, provides information that impacts your Home Buying and Selling position.

Aug 6, 2009

Things to Consider when Selling Your Home, in this Market

How to Sell Your Home, Fast!
If you’re trying to sell your home, you already know it’s a challenging market. Not only are there a lot of other homes on the market competing with your house, but some buyers are finding it difficult to obtain mortgages. Plus, with distress sales—foreclosures and short sales—accounting for half of all home sales in some parts of the nation, it’s hard to compete on price alone.

There are things you can do, however, to better make your home stand out. Here are some tips:

Price Your House Right. This is probably the most important thing you can do. With the market so competitive these days, buyers will completely ignore your home if it’s not priced realistically. Buyers today don’t care what your neighbor sold his home for a few years ago. A realistic, fair market price—or even a price slightly lower than fair market value—is the best way to attract buyer interest. This is where a qualified real estate agent can provide invaluable assistance.

Get Out Quick. Short sales are notorious for being, well, not short. Banks may take months to evaluate a short sale offer, and the potential buyer is left waiting helplessly during this time. By offering a fast closing, however, a buyer—who perhaps has children she wants to enroll in school—can move in and get settled quickly. That’s a huge advantage over waiting for a short sale to be approved.

Offer Curb Appeal “Plus.” Foreclosures often need substantial repairs because they’re frequently abandoned by their owners. Often, they are sold “as is” by the banks that own them. A home that is in move-in condition can save a buyer time and money. Consider doing some minor renovations or improvements to update your home and make it more attractive to potential buyers.

For more support in Selling Your Home, Call Char at 813-841-2382 today!