Tuesday, April 10, 2007

Top 5 Ways to Sell Your Home Fast!

SmartMoney.com published this article by Stacey L. Bradford on March 30, 2007 naming the top 5 ways to sell a home fast in today's market. Here are the top 5:

"1. Price it right
It's stressful trying to sell your home when new home sales are slowing and prices are falling. Home prices across the nation fell nearly 1% in January from one year ago, according to the Standard & Poor's housing index. Growth hasn't been this slow since 1994. So setting the right price for your home is more important than ever....By shaving just a few thousand dollars you can generate more foot traffic and create a buzz.

"2. Make it inviting
There's no faster way to turn off a potential buyer than to overwhelm him [or her] with a home stuffed with kids' toys, family knickknacks and a stinky kitty litter. Even stodgy furniture can make a property more difficult to unload. That's why many high-end real estate agents employ professional home stagers when they want to guarantee a quick sale...For anywhere from a few hundred dollars to several thousand dollars, these folks will do everything from remove clutter and rearrange furniture to rent all new furnishings.

"Fortunately, there are some inexpensive things homeowners can do on their own to attract a buyer. Whether you live in a cozy Cape Cod or a 4,000 square foot McMansion, make your space feel as open and clean as possible. Get rid of clutter, organize the closets and remove all personal items that may make it more difficult for someone to imagine living in your house, says Michael Corbett, author of 'Ready, Set Sold!'

"3. Minimize surprises
A home that's in good working order will always sell faster than one that needs pricey repairs. That's why Corbett recommends having your property inspected before you put it on the market. The benefits are twofold. First, it's always cheaper and faster to make your own repairs rather than having a buyer drag out the negotiating process to accomodate any necessary work. Second, you'll also avoid any nasty last-minute surprises that could derail a deal should the buyer's inspector discover you need, say, to replace the roof.

"4. Get the word out
...80% of people start their real estate searches online, according to the National Association of Realtors. While it used to be enough to simply slap up one or two blurry photos, buyers now prefer a slew of pictures so that they don't waste their time touring a home that doesn't meet their requirements.

What should your listing include? If you really want to stand out from the competition consider hiring a professional photographer or finding a broker who uses one. [Basel uses one!]

"5. Throw in a little something extra
As home sales have stalled, we are once again seeing motivated sellers offer traditional incentives, including paying for closing costs or points on a mortgage, says Walter Molony, a spokesman for the National Association of Realtors. Such tactics are especially attractive to first-time shoppers who can afford mortgage payments but struggle to come up with the down payment and closing fees. Here are a couple more ideas. If you installed a 40 inch plasma TV with a surround-sound stereo system in the living room, offer to include it with the house. Chances are you won't be able to take it with you anyway. If you're selling a second home on the water, throw in the jet-ski and dock rights. If you pad the asking prices by just a couple of thousand dollars, you'll still come out ahead, says Corbett."


sellmyhouseinaz said...

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Ez Housecash said...

Good advice on how to sell your home . Sell your house to a authorized person always and take help from some trusted sources. I too sold my house with the help of a trusted real estate agent. It may even help you .

Christ Bonn said...

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Ivan Deyanov said...

I think that the best way to make some quick money when you are really in debt is to sell your house. This is something that not many people are ready to do, but when the time comes you have to accept it and proceed. Fortunately you can sell your house now in Raleigh for some very reasonable price and can get out of your debt quickly.

Sell Your House Fast In Atlanta said...
This comment has been removed by the author.
Ranzu Alam said...

Yes correct, your 5 tricks really helpful for making money and who really want to sell or buy houses, I will again visit your blog for next article.

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Innovative Estates said...

It's a very common mistake done by many sellers. They want to sell house fast and on top of that at a high price, which is not possible in every case. Price it reasonably and you will see how quick you get your house sold. As simple as that!

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Audrey Mackay said...

When you want to sell your house fast, you can try to hire a company's services and get the amount that is right for you.

Leena Roy said...

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Robert Clark said...

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Thanks author
Robert Clark