Selling your home in a Buyers'
Market
Selling a home in a Buyers' market is much more demanding than selling your home in a sellers' market.
Since there are more homes for sale than buyers in a buyers' market, homes may not sell quickly and sell for lower prices than they normally would. Sellers Watching their home sitting on the market for longer than they want are generally motivated to sell. Because of this you must give more value or flexibility to your offer. You might consider some good concessions for your buyer and still sell your new home for the right price.
What can you do? If you are in a Buyers' market, and want to sell your home?
Be prepared to sell.
Get your finances in order and determine what your "magic" number is that you need to net from your home's sale.
Call us, we may have pre approved buyers looking for a house in your neighborhood now.
We may be able to help you sell your home much more quickly than the market time.
Hire a real estate agent?
A Buyers' market isn't the best time to sell a home by yourself. That is why we offer you a service that will help you sell your home quickly with or without an agent. If you decide to use a real estate agent, find an agent that specializes in the area you live in and the type of home you own. Real estate agents have niches, usually they focus on a particular area of town. Ask around and find out who is the specialist in the neighborhood you live in.
Make Your Offer the Most Attractive.
Make it clear that you are ready to be flexible in the terms of the sale. Your goal is to move toward closing. In a buyers market that is what counts.
Potential deal concessions
- In a buyers' market you may consider one or more of these concessions.
- Paying your buyers' closing costs. (3 to 6% is common)
- Making a second mortgage to your buyer if they are short on downpayment or unable to qualify for a higher loan to value loan.
- Offering a redecorating allowance for new carpet, wallpaper, appliances, etc.
You will have to decide which
fits your needs the best. Best of all, you will still sell the house
and net your "magic" number.
Want to learn more about our tools to help you sell your home faster in a
buyers' market. (more)
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