What Is The Best Way To Sell A Home?
With so many people trying to sell homes, everyone wants to know the right way to be successful
. Today, homes sit empty all over the country due to the multitude of foreclosures. Because of this, trying to sell a home quickly becomes a serious challenge. The following are some things to consider for improving chances of getting the home sold fast but also for a fair price.Home's Condition
Every seller should look at other similar homes being sold in the same vicinity. Let us say that 90% of these homes were simply not being purchased. That means for your home to sell, it would need to be a better choice and rank high in the top 10%. You can also look at homes with pending contracts and sold comps based on homes two to three years delinquent. To get a home sold, you have to know what is happening in the current real estate market.
Next, your home has to be in great condition for it to sell. Although updates and repairs would involve a financial investment, it could also mean getting the home sold so long-term loss is eliminated. This might include putting in new flooring, updating light fixtures, putting fresh paint on the walls, and even cleaning up the landscaping outside.
Photographs Speak Volumes
One of the biggest mistakes and reasons homes in MLS are not selling is that they have zero or poor photographs of the property. The more photos the better in that this shows prospective buyers each room and home amenities. If you do not take good photos, it would be worth the investment to hire a professional photographer. Some of the specific photos that should be included are:
- Bedrooms - You definitely want a photo of the master bedroom and one spare room, unless all spare bedrooms are substantially different. - Be sure the person taking the photographs is not accidentally captured in the mirror.
- Avoid taking photos or short or narrow hallways.
- Take photographs of features such as a fireplace, Jacuzzi, swimming pool, outdoor fireplace or water feature, wet bar, etc.
- The kitchen is the one room that people are most interested in so there should be numerous photos of this one room and from varying angles.
- A photograph should be taken of the dining room but with the table beautifully set
- Before taking photos of the living and/or family room, clear out excess furniture to open up the space.
- Outside photos are also important, especially of features or flowers.
- For every photograph taken, a short description should be added.
Marketing and Advertising
To sell a home, especially in today's market, you need to use multiple marketing methods. This means placing an advertisement in the local paper, getting the property into the MSL system, putting a "for sale" sign in the yard, sending out or posting flyers, having an open house, and so on. Other creative options include:
- Send neighbors and out-of-area buyers a four-color postcard. - Set up a virtual tour of the home on the realtor or your own personal website.
- For open houses, studies show these are most successful when held on Sundays and Thursday evenings.
- Use comments and feedback from people who have viewed the home, learning about likes and dislikes.
- Post a video on YouTube.com of the inside and outside of the home.
Value of a Good Real Estate Agent
Working with the wrong real estate agent could be disastrous. Instead, you need to find a qualified agent, someone with years of experience and a realtor with a solid reputation. You could talk to several agents at local companies or ask family members, friends, and co-workers for references.
A standard real estate agent would invest a certain amount of time and money on the home but to move the property faster, you could invest in a broker. In this case, consider numerous options and avoid letting the price be the decision factor. Whether working with a realtor or broker, you can always try to negotiate commissions and fees. Also, you need to understand the marketing approach the professional plans to take.
Pricing the Home to Sell
No homeowner wants to give a home away but to sell it quickly the price needs to be priced right. Another mistake is that sellers will test the market by playing with the price but what happens is that the home sits for months and months, or longer without a single bite. The older a listed home the harder it is to sell. Therefore, the price needs to be competitive and fair.
By comparing similar homes sold in your area would help to avoid pricing too high. You would also need to consider the home's square footage, the layout, location, and condition. For location, homes on busy streets or in high crime areas sell slowly whereas a home near schools, shopping centers, and restaurants but on a quiet street sell fast.
Because of the saturated market, it is a buyer's paradise. Therefore, experts recommend that the price of the home be set a minimum of 2% lower than comparable homes for sale. Of course, you could set the price higher but chances are you would be waiting a long time for a buyer.
by: Oliver Darraugh Can You Succeed With A Home Based MLM Business? Why People Are Making Money From Home Fuel For Your Business Success-No fee home business ideas Gourmet Gifts Are Great Gift Ideas Reduce Your Energy Bills Using Magnetic Generators White House Business Solutions e-learning serves, Do you know what ? Home Network Manager Train Your Dog Yourself Using Dog Training Dvd Moving House In The Near Future? Follow Our Handy Tips. House Moving In The Future? Follow Our Handy Tips. Does Moving House Get You Down? Affordable Business Web Hosting Plans Are Available Next To You Do Home Loan Modifications Work?