Selling your home in a Buyers'
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
Get your finances in order and
determine what your "magic" number is that you need to net from your
Call us, we
may have pre approved buyers looking for a house in your neighborhood now.
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
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.
- 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
- 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)