5 Tips To Sell Your Home Fast

CNN Money recently posted a great article for home sellers in a hurry to sell their homes fast.

Selling a home in a down market almost inevitably means settling for a disappointing price. But to unload your home fast, you’re going to have to dip 10% to 15% below what comparable homes in your neighborhood recently sold for. You still may not be able to compete with foreclosures and short sales, but at least you stand a chance of getting buyers to notice your listing.

Here is the breakdown:

1. Undercut your competition
2. Make outside cosmetic improvements
3. Market to first-time home buyers
4. Make your property description pop
5. Be able to close fast

Read the entire article on CNNMoney.com >

Cost Effective Tips for Selling

Having trouble selling your home? You are not alone. In this weak housing market, many sellers are struggling to attract buyers even after drastic price reductions.

Everyone says this is a bad time to try to sell a house. So if you don’t have to sell, don’t. Sit on the place and wait until there’s more action in the market. But if you do have to sell, you’re probably wondering what’s the smartest, most cost-effective approach. A competitive asking price is key. Whether or not you should make some improvements to spruce your home up is a more complicated question.

Read the entire article on Time.com >

Marketing: What Works Best?

The 2 primary factors that determine if and when your home will sell are Exposure and Price. Exposure that counts is exposure that reaches buyers who are the most willing, ready, and able to buy. Setting the right price is crucial because under-pricing is like giving money away, and over-pricing is just a waste of time because nobody buys over-priced homes.

The best possible exposure is MLS and websites that display MLS listings. This is where the vast majority of buyers are looking for homes, and where the buyers are the most ready, willing, and able to buy. MLS and public MLS websites ARE the real estate market. FSBO websites tend to attract investors looking for a steal and buyers looking for owner financing.

MLS
MLS (Multiple Listing Service) is the network that Realtors belong to that gives them access to show and sell each others listings, and comprises 90% all homes on the market nationally. There are over a thousand individual MLSs across the country, each with their own local databases that are accessible only by local member agents. Only licensed Realtors have access to MLS.

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Pricing Your Home: What’s it Worth?

In these economic times, pricing your home right from the start could make a huge difference in the amount of showings, interest, and offers you’ll get.

The survey found that 63 percent of home owners believe the price their practitioner recommended is too low. About 45 percent of sellers think prices should be 20 percent to 30 percent higher, while 14 percent believe their home should be priced a whopping 30 percent higher.

Click Here to read the entire article on Realtor.org

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Trouble Selling? Sweeten the Deal

If you’re having trouble landing a buyer for your home, maybe you need better bait. Crafty home sellers know incentives are the prize at the bottom of the box. By offering buyers something a little different, they can improve their chances of selling their homes quickly and for the price they want.

Here are just a few of the ways home sellers can sweeten the deal with extras.

Cover the buyer’s closing costs
Many buyers, preoccupied with saving enough cash for their down payment, overlook their closing costs which, at between 3 and 6 percent of the sale price, can amount to several thousand dollars extra. Offering to pay them on behalf of potential buyers may be just the push they need to close the deal.

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