Monday, June 20, 2016

Real Estate 101: Ins and Outs of Selling a Home In a Buyer’s Market

When the prices and sales of homes go down, the beneficiaries of this situation in the property market are buyers. Selling a house when the market is saturated and when home prices are low can be quite challenging. However, selling property in a slow market is not impossible. You can take a few steps to sell your property quickly without suffering heavy losses. A few affordable and yet effective tips can help you sell your property quickly in a buyer’s market.

Prepare the Property for Showings

Check the property for damages that may reduce its value and undertake all necessary repairs. Many homebuyers look for foreclosures and fixer-uppers. Therefore, the home you intend to sell must appear well-kept and all repairs must be made. Consider repainting the interior trim and casings, repairing squeaky staircases, repairing leaky roofs and replacing faulty light switches.

Curb Appeal

Improve the curb appeal of the property. Many people look for homes for sale online before they attend showings. Make the outside of your home attractive so it can draw potential buyers inside. Trim the lawns and hire a landscaping professional to make the garden neat and attractive. Repair visible damages, purchase a new mailbox, and find an appealing number sign for the front.

Stage the Property

You can do this on your own or hire a staging professional to create an inviting atmosphere. Consider renting furniture to stage the property. Many homebuyers like to picture their friends or family members living in the property they intend to buy. Keep it simple with minimal furnishing. In addition, remove pets from the property. Pet owners may not notice the smell of pets in the property, but buyers and visitors do.

Hiring an Agent

Choose an exclusive buyer's agent to help you market the property and sell it. The most ideal way to find a trusted and experienced agent is to ask friends and family members for a reference.

Selling A House In A Buyers' Market, cbsnews.com

Selling a home in 2016? Here's what you need to know, money.cnn.com

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