Although home appriciation has leveled off in some markets, seller can still get good prices for their homes. The sale may take a bit longer, but a little creativity and a good agent can help sellers move homes without having to drop the price.
Some suggestion for sellers who want to speed the process:
Price Your Home According to the Current Market. Just because a house comparable to yours sold for a very high price last year does not mean you will be able to realize the same price when selling your home now. Work with a full service real estate professional to determine the appropiate, competitive listing price for your home. Remember that in this market, your sales associate may encourage a list price in accordance with others currently on the market, rather than those previously sold.
Make Your Home More Marketable. When a buyer sees your house for the first time, a critical first impression is made. If applicable, maximize curb appeal by trimming trees and planting flowers. A fresh exterior coat of paint might also prove valuable. consider neutral colors for interior walls and carpets.
Conduct a full Home Inspection. If repairs are required, it is a good idea to go ahead and fix the problems. In a situation when more houses are available on the market, the seller may take a pass on a home that needs too many repairs.
Offer a “Seller’s Contribution”. A seller can sweeten the deal by offering assistance to the buyer in ways that do not require lowering the sking price. these tactics can help your home to stand out from the crowd. For example:
- Offer to buy down the interest rate on the buyer’s mortgage.
-Offer to pay a portion of the closing costs.
It is generally more financially advantageous to do this than dropping tha asking price by $30-, $20-or even just $10,000.