Just because selling your home in a buyer’s market takes work doesn’t mean it’s not possible. You just need to know what that secret sauce to selling is. You want the best advice you can find. Well, who wouldn’t? It’s all about proper planning, my friends. Buyer’s market or not, you can have your house effortlessly stand out against the competition so it sells faster than you can say, ‘secret sauce is just a thick Thousand Island Dressing’. Without further ado:
4 Tips for Sellers in a Buyer’s Market
Make Repairs
Buyers are extremely picky when there are ample properties to choose from. They tour so many houses they can’t remember what’s what. But they will remember that broken, ugly kitchen sink in the second bath. You want to make sure you do any necessary repairs so your house is as close to turnkey as possible.
Clean and Depersonalize
Simply put, if buyers can’t envision themselves living in your home, they won’t make an offer on it. Your antique-chic style might fit you, but they’ll go running when they see the twelve crumbling frames from the ‘20s on your wall. The key is to remove as much as possible. Hide those family photos, store your tacky souvenirs, and put away anything else that says you live there.
Market Like a Pro
In a neutral or buyer’s market, your marketing matters more than ever. Hiring a professional photographer and staging company will transform your space into a clean, polished product that buyers want. On top of that, good marketing means your home gets the max visibility it needs to shine above the rest.
Price Competitively
Making sure your house is priced competitively in a buyer’s market is crucial – your asking price should either be on par with or lower than comparable homes in your area. Sure, you want to leave a little wiggle room for negotiations, but don’t let the money signs convince you into leaving a wide crevasse. And when you do get an offer, judge it fairly.
What You Need to Know
When selling the biggest investment of your life in a buyer’s market, it’s easy for emotions and mistakes to happen fast. Working with a local trusted real estate professional will not only sell your home quicker but manage your expectations and emotions, getting you the highest price.