I recently read an interesting article about ways to sell your house quick. As the Listing Coordinator for The Melinda Duncan Team I of course, was extremely curious. The article explained the biggest mistakes that sellers make in today's market. I had to agree.
First, many sellers make the mistake of not having their home ready to sell. Before selling your home you need to get rid of all the excess "stuff" crowding potential living space. As much as you admire your knick knacks most buyers don't. You need to present a generic home ready to personalize to their taste. Sellers may also want to consider having a professional "stager". For as little as $300 this professional will use your things, their things or a little of both to present your home in the best light.
Secondly, not taking the first offer. No matter what you think the house is worth, what it was appraised for or what you owe on it, it is only worth what the market is willing to pay. Many sellers overlook the first offer especially if it comes quick thinking there must be more on the way. Two years later you may still be waiting.
Small price reductions don't help much unless they lower your price to a new range. It is better to position yourself 10% under the market you are competing with and be the first choice by price alone. Offering a buying incentive is also a good way to put your home above the rest. A lot of buyers are asking sellers to pay closing costs or provide home warranties so why not offer it in the beginning?
Hire the right broker. Make sure the broker you choose can get your house on the web where it can be seen by millions more buyers. Buyers today are INTERNET savvy and want to first shop on the web. Your house will be missed if it's not there.
If you need anymore information on this topic or would like to discuss selling or buying a house please contact The Melinda Duncan Team at melinda@melindaduncan.com.