Selling Your Home In A Slow Market
Successful sale of your home in a slow market requires realistic assessment on a a number of realities:
1) Realistic pricing tops the list. Pricing is critical to your success. Even 1% or 2% over market may dramatically reduce the chances of an offer on your home! Testing the market with a higher price is not a great idea in a softening market.
2) Showcasing your home well. Make the first impression counts. If potential buyer is not impressed with the condition of your home in a softening market, you lose the buyer.
3) Exposure is a must. Selling by your-self is a long-shot at the best of times. It is even less likely to be successful in a soft market. Exposing your home to the greatest number of buyers is important. Not using a Realtor and the power of the MLS will not likely get your home sold by yourself.
4) Use a knowledgeable Realtor. Select the best possible Realtor in your local area is critical to your success. Find out how your Realtor plan to market your home. A proven workable marketing plan will attract more home buyers to your home.
Make sure you are on top of the game. Don't lose sight of tracking the number of showings each week. If you are not seeing a steady flow of showings, your odds of selling your home gets smaller. Re-examine your pricing, evaluate the feedbacks from Realtors, online/offline marketing efforts, and lastly be serious in pricing your home to sell!