Selling house is not easy. At times, it can be trickier than repairing a car. However, below are a few tips to help you decide better on the pricing, presentation and incentives.
Tips 1: Set a real value on your property
Don’t price your property based on a benchmark set back years ago. When you want to sell your property, the first thing you need to know is to get the right price for your house. If you can afford, get at least 3 brokers to do an analysis on your house. The analysis is what we know as comparable market analysis. It is very likely to have many other houses similar to your house so you need to know how to create a buzz for your house. An easy way is to set a lower asking price, by at least 10% unless if you house is in a dead zone, you might make a big cut instead of smaller cuts along the way.
Tips 2: Get a broker
If you want to market your house all by yourself, you are bound to have hard times. To make things easier for you to manage, get a highly experienced broker that can help you market your house. A highly experienced broker is someone who has gone through the ups and downs in real estate.
Tips 3: Renovate or redesign your house
You do not have to spend all your fortune to renovate the whole house. Get a home stager to help you to get rid of any clutter, rearrange your furniture in a whole new angle, repaint, change the curtain and redesign a not-in-use room into something like a recreational room. You will have to spend on the consultation which can run up to $200 and spend another $1000 for the whole renovation and redesigning. Still, this is worth it.
Tips 4: Give cash to get cash
This is a very simple rule. Instead of offering a car or a cruise for people who bring in potential house buyer for you, give them cash. Let’s give out commission, say up to 4% and you will be busy answering the door.
Tips 5: Save before you buy
According to Zillow.com, a large number of property sold last year or in 2006 have negative equity at present day. For new buyer, your mortgage might be more than the price of your home. Before you get a mortgage, think about your financial. If you are lucky enough, your employer might be able to help you out by making you whole on the loan. If the place you rent is still going strong, you can be a landlord to wait for the price to go down. Or if none others suit you, you might as well save up your money by selling off your items.
Bank might agree to release you from debt if they get a lot of media attention. However, it is not easy to come. Bank will usually only consider when you are almost at the risk of foreclosure. However, you might pray that they say yes, but end up saying no.
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