1. Do not overprice the home. Buyers today are looking for a bargain, & the seller in the end will likely have to bring the price down to meet market demands. The longer the home sits on the market, the stronger the negotiating position of the buyer.
2. Select Internet-friendly pricing. 80% or more of home buyers will begin their real estate search online. Most real estate sites can filter the prices in $25,000 to $50,000 increments. Sure a creative price of $444,777 may grab attention, buyers who set their search maximum filter at $425,000 will exclude it. Additionally, prices that end in 000 (such as $300,000) tend to sell at a larger discount than homes ending in 500 (such as $324,500).
3. List your home on a Friday. Most buyers are checking out new listings on Fridays so they can see what is new for the weekend.
4. Occupy or stage the home. Buyers appreciate a home that is well attended. A vacant home can feel cold and empty, while one that is still occupied has a warm, cozy feel, attracting more buyers. However, keep the personalization minimal; having neutral decor and paint colors will make it easier for a buyer to visualize their own style in the home. If a seller moves to a new home before selling the old home, it is a good idea to have the home professionally staged as if someone still lives in it.
5. Monitor local foreclosures. Foreclosures are costing sellers money and have become very aggressive opponents in today’s market. If the seller’s neighborhood has a lot of foreclosures, wait until they are sold before listing the home, if at all possible. Most banks are eager to sell, thus creating an underpriced competitor. If the seller cannot wait to list the home, it will need to be priced competitively with the foreclosures, which can dig significantly into the home’s equity.
6. Keep the home neat and clean. Interior and exterior. With so many foreclosures on the market today, buyers are seeing homes at their worst. If the home is presented in the best possible way, it will attract more positive attention. Curb appeal is important too. If a buyer doesn't like the outside of the home, they will not care how nice the interior of the home is. They will not even give it a second thought.
7. Keep records. Foreclosures may not come with any disclosures. Sellers who keep updated records, photos and permits handy for the buyer to review will make them feel much more confident about buying the home, giving the seller a competitive advantage over foreclosed properties in the neighborhood.
Sources:rismedia.com/relocation.com
For more seller tips visit us at www.4SailRealty.com
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