Foreclosure painful option

Thursday, August 26, 2010

Is it possible to sell a house in a slow market?

If it is not obvious enough, the glory days of home selling are over and the market has slowed down. However, although this is the case, it does not mean that homes will not sell at all. It only means that home sellers will have to exert extra effort and be more flexible to make a sale.

First of all, sellers must price a home according to the market. Unfortunately, the value of homes is not as high as it used to be-- hence sellers will have to adjust to the pricing. This leads to the next step in selling a house, which is hiring an agent who knows the market well. Look for someone who has a record of selling houses within three months of listing. This goes to show that the agent knows the market well enough to price a home accordingly.

Now that listing and pricing is set, home owners will have to do a few things on their own to make a sure sell. For one, home owners wanting to sell a home should make sure that all repairs are taken care of. This does not only mean keeping the lawn trimmed and applying fresh paint. Doors and windows must also be checked, floors should be in shape, and even the wirings and pipes must be in good condition. This assures that the home will make a good impression on possible buyers. Also, the house has to be always ready for showing so home owners must always make sure that the beds are made, the dishes are clean, and the house in general is all set.

Finally, home owners have to be open to all offers. It is not surprising that some buyers might give a low offer, but this is still an offer. Consider it. An offer shows interest and you can always take the chance to give a counter offer. Who knows, the possible buyer might grab the offer you give.

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