A “buyer’s market” occurs when there are far more houses for sale than there are buyers willing to snap them up. The state of the market is dependent on many factors including the state of the economy and the time of the year. Here are a few things you need to know about selling in a buyer’s market and getting the best possible price:
Know the market
This is where an experienced real estate agent comes in. They are best placed to advise and help you mark the right price for your house. A seasoned estate agent will give you the whole picture and help you understand the going rate for homes that are like yours all factors considered.
Make It Move-In-Ready
In a buyer’s market, presenting a move in ready house that a potential buyer can see themselves in could be the difference between getting your home sold there and then and it staying on the market for a while. Create a clean and collected environment, free of clutter.
Price is everything
While trying to put a price tag on your home could be a tasking affair, seeking the services of a professional will point you in the right direction. Even in a buyer’s market, the homes that sell fast are the ones that are priced right.
Consider every offer
Take your time to look through and carefully consider each offer, even if it is below asking price. Even an offer that looks terrible at first may be fruitful with the right negotiations.
Any home can be sold even in the toughest of markets. The key to a successful sale involves a number of factors – thinking outside the box when it comes to price negotiations and pricing your home right. Stick to the basics, prepare well and your home will sell in no time at all.
Get more property insights from Pam Golding.