Suggestions For Selling Your House in a Slow Market

By shaye • July 4th, 2010

It’s no secret that the housing market is horrible right now. Home owners are putting rock bottom prices on their houses and are still unable to sell them. Banks are foreclosing on homes, making the market even worse. If you are in a position where you need to sell your home, you are probably wondering what you can possibly do to attract prospective buyers.

The first step in selling your home is to get it into shape. When the market was booming you could sell a house that needed some work, but now that just isn’t going to happen. Now you are going to have to take sometime and make those minor repairs you kept putting off. You should also think about repainting the entire house. If your electrical sockets, light switches, and cupboard doors are looking tired, you might as well replace them with something new.

In addition to working on the inside of the house, you should also work on the outside. Curbside appeal is very important to people who are looking to buy a new house. Planting some flowers and keep you lawn neatly mowed will make a big difference in how fast your house sells.

Decide if you are going to use a realtor or if you are going to sell your house on your own. The advantage in using a realtor is that they have an extensive network of contacts. The advantage in selling your house on your own is that you don’t have

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to pay a commission on the sale which means that you can sell your house for less money, something that always appeals to prospective buyers.

If you are selling your house on your own you should run to your local hardware store and pick up a for sale sign. Without this sign no one will know that your house is for sale. Place the sign somewhere that it can be easily seen by people who are passing by. Make sure that your phone number is neatly printed on the sign.

When you are selling your house without the assistance of a realtor, it is extremely important that you get your house listed on as many of websites as possible. Google homes for sale by owners and post a description of your home. Make sure that you include several attractive photos of your house.

Make use of the bulletin boards that are always in grocery stores. There is no rule that these bulletin boards can only be used by people that want to get rid of kittens and puppies. Put up fliers that have a nice picture of your house and your contact information.

When someone comes to look at you house you need to be friendly and professional. If they decide that your home isn’t the one for them be polite and wish them luck in their search. Don’t get discouraged, the right buyer will come along sooner or later.

The current real estate market is ripe with investment opportunities. Remember that the only way to profit in a buyers market is by actually purchasing real estate. Sitting on the sidelines watching the opportunities pass by will only result in the ability to look back at some point and dream of what could have been.

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