Tips to Selling Your Home
August 1st, 2010 by admin
You have just found out that you have to move. There is a lot of planning to do for you and your family. You need to think about new schools, new job, and new community activities. But don’t forget to plan one of the most important first steps. How are you going to sell this house? With the current market for real estate you could panic with just the thought of it. It doesn’t have to be that way. You must sit down and plan your methodology of getting out ahead of the crowd to get your house noticed.
Home Search – How Do They Know?
By this time everyone knows that having your property shown on the internet is an important first step. Potential buyers have consistently acknowledged that the internet is usually the first place they look to find a new home. Marketing step number one is to make sure either you or your representative will have your home placed on the internet for maximum exposure.
That’s Not News
Getting your home on the internet now tells the world there is a prospective home to be bought. But as a buyer how do I notice your home? You have to tell the home buyer this is the house that fits your needs. Well doesn’t the home buyer already know what their needs are? Maybe yes and maybe no. Do you know that most home buyers end up purchasing a home that does not fir the original type of home they said they wanted? You see by getting in the mind and not the emotion of the home buyer you can clearly spell out the benefits of your home. If you understand the profile of the type of person buying your home, then you market specifically to that person. You must be clear why this house is for them. A confused mind will choose no decision and not buy. Tell them why your house is the one that fits their profile needs. You are being generous by pointing out the benefits. You wouldn’t want someone selling you a home you ended up being miserable in. You are helping your buyer see the benefit. They still make the choice.
The Price is Right
Okay, your house is on the internet, you have developed a marketing plan targeted to your prospective buyer profile and now we just wait for the traffic. Not so fast. This real estate market is tough right now and it is definitely a buyer’s market. There are large numbers of homes in foreclosures, being sold as short sales or marked down significantly to move the sale. How do you justify that? You don’t. Your job is to ask a fair market value for your house based on comparable sales in your neighborhood or area. This is no time to be putting a premium on the price of your home because three years ago some neighbor got a lot more money from their home sale. Real estate is supply and demand and these factors will determine the value of your home. Hopefully, over time you will end up in a sellers’ market and you will be able to command a higher price. This is important because most really interested buyers will view your home within the first thirty to forty-five days of the listing period. If your home is grossly overpriced your best buyers will walk out the door.
Article Provided by Author: Jill D. Schmitt – Broker/Associate Selling Your Gainesville Florida Home
