Now that the house hunting season is in full swing, I thought it’s a good idea to revisit these house selling tips again. Although the economy improved quite a bit since last season, the housing market still favors buyers over sellers. You’d be hard pressed to find multiple buyers bidding up a house. The fact is, sellers are still finding themselves in a competitive market and have to differentiate themselves in order to make a sale. Fortunately, there are proven techniques that you can use to help you sell your home quicker and some of these will even help you get more money for your home.
To make sure your home sells in a buyer’s market, there are a few things that you could do. Here are 9 home improvement techniques to help you sell your home more quickly:
I know it’s very difficult to sell your home for less than what you bought it for a few years ago. It’s even harder if you’re upside down on your home loan. But you can’t insist on unrealistic price if you want to sell your home in a down market. To find the right price, you can check other homes for sale in your area, check web sites like Zillow and HomeGain, or get an appraisal.
Although you can’t compete with banks that are selling foreclosed homes, you’ll be in a much better position to compete against other sellers who aren’t as flexible on price.
No one wants to buy a messy rat hole. So make sure your house is clean and organized. Remove as much clutter as you can, even if you have to store your stuff in storage. You can get an idea of how your home should look by browsing through magazines or even IKEA catalog. And here are some general tips to help guide you:
First impression means a lot, and for your home the name of the game is curb appeal. If you’re a fan of HGTV Curb Appeal, you’ll know exactly what I mean. The goal here is not to spend a lot of money to improve your home, rather you’re trying to do inexpensive things (that may require some sweat equity) to improve the appearance of your home. You want your home to look better than other houses in the area and in a “move in ready” condition.
Here are a few things you could do to improve your home curb appeal:
Now go throughout the house room by room, and take notes of all the things that need fixing. Little things matter and they could turnoff your buyers. If you noticed them, the buyer will too. Take the time to go around and fix those things one by one. Remember that fixing these small problems doesn’t have to be expensive, but it will take time and effort.
Home staging is not decluttering and cleaning. Home staging goes beyond that and happens after the steps above. It involves much less tangible things that include:
You can read more about home staging at: Home Staging & Staging a House – What is Home Staging.
This is the Internet age and you should not let your agent limits your reach. Leverage online venues to help sell your house. For example, put home for sale ads on Craigslist, Zillow, and HomeGain. Promote the house through your online social media networks like Facebook, Twitter, and LinkedIn. You can also send out a copy of your listing to people on your email list to see if they know anyone that might be looking for a house in your neighborhood.
Use every channel that you have at your disposal!
In general, it’s better to work with an agent than trying to sell the house on your own. It’s their full time job to find buyers and show your home. This is harder than it looks and it’s generally better to leave this to the pro. However, you have to remember you’re the boss and that we are dealing with a lot of money here. So don’t just pick any agent that comes along. Call several real estate offices and ask to talk to their top sales agents. Make sure you are comfortable working with the person and ask questions. Here are some good questions you can ask your real estate agent.
Another important thing to remember is never go into an exclusive contract with your agent. You want to be able to fire your real estate agent if he or she sucks.
Here are some thoughts on how to find a realtor to sell your house.
This is a buyer’s market, but even so, a house is still very expensive for most people. If you have a buyer that needs help to close the deal, consider offering some sort of incentives to make the deal happens. For example, you can offer to cover some parts of the closing costs. This works especially well with first time home buyers.
When you are having an open house, leave the house. It’s uncomfortable for you to have strangers in your home, and likewise, it’s uncomfortable to be in other people’s home. So why create any more tension? Leave the house and let your real estate agent takes care of business. Let your buyers look around at their leisure without your scrutiny.
Selling your house in a down market isn’t easy, but you can do some work to make your chances better. In the end your house will show better, and you’ll be able to sell your house that much quicker.
Do you have your own tips to help a home sell faster? Were there things that you did when selling your house that made it more attractive to buyers? Let us know about it in the comments section!
|Purchase Rates||Refinancing Rates|
|Mortgage Calculator with Amortization|