One of the biggest challenge in selling is to preserve the equity in your housing investment. Not to worry. Even in these uncertain times, homeowners can sell at very satisfactory prices in a reasonable period of time. The secret? Pay attention to details, utilize marketing savvy and price the home to sell quickly. The following tips can help you get that "sold" sign up fast.
SELECT A SAVVY REAL ESTATE AGENT. One with a successful track record in your neighborhood, backed by resources that extend into outside housing markets. Make sure the agent prepares an effective listing of your property one that outlines all the features that make your home unique. Also, it is smart to prepare a separate fact sheet that can be distributed freely to all interested buyers.
OFFER THE RIGHT PRICE. Start with a price that is reasonable for your neighborhood and the size of your home. Comparing the price of your home with similar nearby listings is an easy way to be sure you are offering the right price. Comparing the opinions of two independent appraisers will also help you avoid over-pricing.
PAY PART OF THE CLOSING COSTS. Usually 3 to 5 percent of the loan amount. This will attract those first-time buyers who are short on cash for down-payment and closing costs. Offering to turn over personal property such as washing machines and dryers, refrigerators and flower boxes can also attract buyers looking for the best deal.
ACCEPT CONTINGENCY AGREEMENTS. Make your sale contingent upon the sale of the buyer's home. This takes away buyers' fears of juggling two properties and mortgages at the same time.
MAKE YOUR HOME STAND OUT. Fresh paint and flowers can go a long way in impressing buyers. Tend to such details as moving the lawn, fixing stubborn door knobs and sliding doors, and straightening up the basement. Remember, your home's appearance on the day it's shown can make or break a sale.
The bottom line is that sellers should take the time to make their home as attractive as possible. Compiling helpful tips for the buyer about school districts, utility bills and directions to the nearest shopping mall can go a long way in selling your house quickly.
With a little work and an active real estate agent, chances are good that your house will sell fast in today's buyer's market.