When home sales and prices decline, buyers are favored over sellers. When the real estate market has many homes available with low prices, it can be a challenge to sell your house. However, it is still possible to sell a home in a market for buyers. Homeowners should take steps to sell their property in a timely manner without enduring a huge loss. These steps include making any necessary repairs, increasing curb appeal, creating the right interior atmosphere, keeping pets away from the house, and picking your real estate agent carefully. Other steps include setting a reasonable price for your home, ensuring your house is available to be shown at any time, and letting your real estate agent offer deals to prospective buyers.
Make any necessary repairs before trying to sell your home
In today’s real estate market, people looking to buy a house are running into foreclosures as well as fixer-uppers. For this reason, your house should be presentable and all repairs need to be made before putting your home on display. Necessary repairs include a roof that leaks, ceiling stains, leaky faucets, and ripped window screens. In the long run, you will make more money from selling your home in a good condition rather than trying to sell it with issues.
Increase your home’s curb appeal
Many homebuyers search for a house online before they decide to take a tour. Once a buyer sees a house they are interested in, they will drive by first before finally choosing to see the interior. Because of this hesitation to tour the inside of a home, the outside of the property should be as appealing as possible. Landscaping could be the difference between your house sitting in a slow real estate market or selling quickly. While there are many options available to increase your home’s curb appeal, you can start by trimming the lawn, raking up any fallen leaves, picking up visible trash, and repainting the front door.
Create the right atmosphere inside your home
Homebuyers like to see what a house will look like with furniture already inside. For this reason, model homes are usually furnished. If you have already moved out, rent some furniture. However, be sure to stay away from clutter and don’t get too much furniture. Also, remove any personal items in your house, such as diplomas and family photos. These items will make it difficult for someone to imagine what it would be like if your home was their home.
Keep pets away from the home when selling
If you own a pet, you probably don’t notice any smells in your house. However, a person that is looking to buy your home will take notice of any undesirable smells. Remove all traces of your pet from the house once it is on the market.
Pick your real estate agent carefully
Should you choose to hire a real estate agent to help sell your home, be sure to choose one that has experience as well as success. Look at online reviews or ask the realtor for referrals. This information should be easily accessible and the realtor should have no problem providing you with additional referrals upon request. You can also ask a friend or relative for recommendations when looking for a real estate agent.
Set a reasonable price for your home
When the real estate market is considered a buyer’s market, you have to be prepared to sell your home at fair market value or below. Houses that are overpriced do not move in this type of market. When looking to sell quickly, a large profit may not be an option. Take each offer that comes your way into consideration and stay flexible.
Ensure your house is available to be shown at any time
You should keep your schedule as open as possible for homebuyers. If you are still living in the house, be sure to tidy up as you leave in case a prospective buyer would like to stop by without much notice.
Let your real estate agent offer deals to prospective buyers
Realtors can offer prospective buyers cash for use toward payments or closing costs that are inside their loan program guidelines. You can market this cash by stating that it will help pay the mortgage for a while or it could help with decorating expenses. Be creative when appealing to homebuyers!
For more information on selling your home in a slow real estate market, contact the Elite Real Estate Group in Amarillo. Give us a call today at (806) 337-0883 or Contact Us via email. You can also view our listings to see the homes we currently have available in the Texas Panhandle area.