How to Sell A Home in a Buyer's Market

Posted by Brett Campbell on Friday, November 16th, 2018 at 8:41am.

Selling a Home In A Buyers MarketSelling a home in a buyer's market can be frustrating for homeowners who want to get the most out of their investment. By staging the home, pricing it right and by staying open to negotiation, many homeowners can sell their home for a fair price.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Make Your Home Look Desirable

Staging is the art of making the home look like the kind of place a buyer would want to own. In order to stage a property, homeowners must keep in mind what buyers really want. For example, buyers want homes that are spacious, clean, well-maintained and beautiful.

Landscaping is one of the first things that home sellers can do to make their home stand out. By improving landscaping in the front yard, and by performing yard maintenance, homeowners can make their home look well maintained and beautiful from the moment the buyer pulls up to the house.

Some homeowners will hire a professional landscaper for the staging process, others do their own landscaping. Planting flowers and shrubs, fertilizing the lawn and trimming the grass and cleaning the exterior of the home are all small things that homeowners can do to make their house look more attractive.

Homeowners who want to go the extra mile can make repairs or upgrades. Painting the front door, installing a new mailbox or fixing the front porch are all excellent and inexpensive exterior improvement projects that can make a big difference.

Inside the house, many homeowners must de-clutter and get organized. Some people take months or even years to sort through their unnecessary clutter. This makes the house look more spacious and even makes the house look cleaner.

It's also very important to keep the house well-lit. Replacing burned out light bulbs and taking down dark, heavy curtains can make the space look brighter and more cheerful. Some homeowners will also paint their walls in brighter, lighter colours, to open up the space and make it seem more inviting.

If the home is currently empty, some homeowners will rent furniture to fill the space. This may sound makes the home look more hospitable and inviting, which can help sell the home faster.

Price Your Home Competitively

In order to sell quickly, a home must be priced competitively. To price the home, many sellers will work with a real estate agent. Real estate professionals are able to look at comparable homes in the neighborhood to determine a fair price for a house.

Some homeowners are tempted to choose the price for their home themselves, but this can backfire. Many homeowners feel special attachment to their house, which makes it difficult to price objectively. Working with a real estate professional can help.

Be An Easy Negotiator

Buyers always like to negotiate, but in a buyer's market, the buyer may expect a lot of leeway. It's important to be accommodating in these conditions. Some sellers struggle to walk the line between accommodating and losing money. That's why it's important to have a real estate agent to help with the negotiating process.

A good real estate agent knows when to give a little and when to stand their ground. Having someone who understands the business can help the home sell quickly and for a fair price.

If you're a homeowner and you'd like to sell your Parsons Creek property in a buyer's market, contact a real estate agent. A good real estate agent can help you throughout the selling process, so your home can sell quickly.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

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