How to sell a house in this market.

Jump to Last Post 1-13 of 13 discussions (13 posts)
  1. LelahKimball profile image75
    LelahKimballposted 12 years ago

    How to sell a house in this market.

  2. markbrian profile image60
    markbrianposted 12 years ago

    Price is the number one thing you must get correct to sell in this market. Not lets try it at this price for a month. Price your property below all your active competition. Do not say but but  but my house is better! Does not matter if it is or not. What matters is making the potential buyer want to buy your property & insist on seeing your property first! Over price your home and the potential buyer may never look at it.

    If you price it correctly, then you must also make sure your property has better condition than your competition. Considering you are more than likely competing against foreclosed homes, it should not be too hard to beat them as far as condition. But what about the homes that are not foreclosed?

    Offering a home warranty is a great way to get buyers to feel more comfortable about your home. An even better tactic is to get a Home Inspection and fix any and all problems the inspection finds. Then you can include a copy of the home inspection along with copies of the repairs. This with a warranty will make it almost a no brainer for a buyer.

    As far as marketing, hire a Realtor. In this market, there is no sense in letting your home sit on the market for months on end because you want to "save" a commission. Plus the few tips I gave you are just the tip of the iceberg when it comes to the kinds of advice a Realtor can give you.

  3. creativeconcepts profile image59
    creativeconceptsposted 12 years ago

    You're right on here -- pricing in key to getting buyers to look at your home!  When there are dozens in a price range to look at, it also needs to stand out as well maintained and the best possible choice!  We find most sellers underestimate the competition when entering the real estate market!
    We had a home seller contact us last week and they planned to do a for sale by owner.  After we reviewed all the work, advertising and the internet exposure an agent will do for them, not to mention the negotiating and expertise, they decided it was money well spent to list their home!

  4. nickmarr profile image59
    nickmarrposted 12 years ago

    Pricing is the key but beware of estate agents valuations! in the UK some agents price high to win an instruction then reduce the price after your contract with them is signed. Compare like for like , check sold prices in your area check out the competition and pretend to be a buyer. If all else fails consider Extreme House Selling tactics great for relieving the stress of a sale and may give your home the exposure it may need. I have created a hub on Extreme House Selling you may find it of interest

  5. Real Estate Lady profile image60
    Real Estate Ladyposted 12 years ago

    Nickmarr is right about the importance of pricing your home right. There are just too many houses on the market and not enough buyers. Why would they even look at a house that's overpriced?

    Next, though, is marketing. You really need to get aggressive with your marketing tactics. If you are using an agent to sell your home make sure he or she is taking advantage of all of the marketing tools available to agents. If not, find out why and stay on the agent until the house is getting massive exposure.

    I do take issue with the answer that mentioned a house being sold by owner will sit on the market. New studies have shown that is no longer the case. With the economy the way it is, I think it's a good idea for a seller to go it alone. It WILL save him a lot of money.

    A good real estate lawyer to draw up the paperwork and go over the purchase agreement won't cost anywhere near what an agent's commission is.

  6. salebyowner profile image58
    salebyownerposted 11 years ago

    With so many homes for sale in every price range, the best way to set your home part is create a unique benefit for the buyer. It might seem that under pricing the home would seem to be a good idea and may work for buyers whom are looking for investments but for the average home buyer it sends up a red flag that theire is some hidden problem.

    Instead you want to leave your price at fair market value and add something else like a 1 year home warranty on the appliances and heating system or offer to hold a second mortgage at either a very low interest rate or maybe with no interest. Both of these create a financial benefit for the buyer without actually costing the seller anything at settlement.

  7. urhomerealty profile image60
    urhomerealtyposted 11 years ago

    As said by all those before us, Price is key. I'd like to ad if it hasn't been mentioned,
    Staging your home, Be it an upscale piece of property or a home in need of a Handyman. The basic principal still applys.
    How your home is presented matters. It will set it above the rest if your home is neat, tidy and smells fresh.
    Any home can sell in any market if the Price is Right, and the home is presented in it's best possible light.
    In addition a realtor with the skill and knowledge to sell your home is also key.

  8. Leon O. profile image60
    Leon O.posted 11 years ago

    I'd be very careful offering them home warranties. Once you're out, you're out of there. Don't warranty something you have no control over once they've moved in. If anything at all goes wrong, they'll blame you and try to get monetary recompense.

    Always sell your home as is. Sell it with No Conditions. Make sure the deal is sealed tight. You don't want any surprises just before closing. Don't offer them anything more than what they see.  You would otherwise be asking for trouble down the road.

    My best advice is to read my hub on the topic.

  9. fdoleac profile image59
    fdoleacposted 11 years ago

    Ask three Realtors to provide a CMA (comparative market analysis) and a marketing plan.  Discuss the absorption rate with all three ( the ratio of homes on the market as compared to the number of homes sold in your desired market time).  Ask the agents for their advice on repairs and conditions.  Your home will sell for the most money within the first 60 days provided that your home is well positioned to compete (price, condition, value) and you have maximum market exposure.  Your agent should create a virtual tour and network the listing online as a start.  Good luck!

  10. frankwiggler profile image80
    frankwigglerposted 11 years ago

    If you want to save thousands of dollars from direct real estate agent assistance you should look into selling your home or property FSBO. I have a couple of hub about going "For Sale By Owner" selling.

    http://hubpages.com/hub/Benefits-of-Sel … er-or-FSBO

    You can also check http://www.yigdigs.com and avail FSBO Service including flat fee MLS and agent assistance for contract and closing and save thousands of dollars in the process.

  11. movearoundus profile image60
    movearoundusposted 11 years ago

    In this economical ups and downs all over the world, real estate is a kind of business that shows a steady sign. selling a house is no longer a burden, just sit in front of your laptop, visit different Realtor who are in the business for long run (obviously go through some real estate review sites to choose the best one), ask the Realtor to provide you a comparative market analysis and a thorough plan.

    You will surely be able to see the current market condition, your houses' demand in the market and the prices, you will get a grand chart and then just decide to sell it.

  12. sfpodiatrist profile image59
    sfpodiatristposted 9 years ago

    The best way to sell a house in a difficult market is to incorporate storytelling in how the house is marketed.  It has to be differentiated.

  13. profile image52
    sarinaparisposted 8 years ago

    The safest way to sell your house is through a real estate agent.  He will help you in improving the curb appeal of the house and get you the best price for it. I got my Killeen apartment sold via http://lonestarrealty.net/ . They did a great job and got me a great deal.

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)