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Different Ways to Beat the Sluggish Housing Marketplace

Jan. 8th, 2011
in Real Estate
by Lee Cole

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Don’t permit the slow market get you down. Despite anything you hear in the news, you can get your property sold nowadays. All you need are several tricks the pros use. To get your residence sold in record time, ramp up your real estate property potential with these helpful pointers.

Give your property a makeover that contributes value. That doesn’t mean you should go out and install Italian marble. But if wood flooring is the norm in your neighborhood, replace carpeting. One more thing you can do is to use the strategies of staging experts, or hire one. Staging can be as easy as a fresh coat of paint, new cabinet hardware and strategically-placed lighting. Think of it as a creative, inexpensive facelift for the home.

Determine what’s wrong with the house and get it fixed. Don’t wait until that serious buyer finds faulty wiring or a termite problem and after that backs out of the deal. Have an inspection before hitting the market. Also, it is advisable to come up with a comprehensive home-selling strategy. Don’t put an ad on Craigslist, stick a sign in your yard and call it a day. Whether you’re going FSBO or using an agent, selling your private home in a buyer’s market needs a well thought-out plan with accurate pricing, targeted improvements and focused marketing and exposure.

In today’s world the best option is to hire an aggressive, well-connected property agent. Find an expert agent with a good track record. In this market, name recognition is critical, so chose the go-to person for buyers and their agents in your community. Also, consider helping the consumer buy your residence. Offer incentives that put money in the buyer’s pocket, which can include buying down the interest rate, absorbing many closing costs or offering seller financing.

Consider renting or offering a lease option. Minimize the impact of two mortgages by renting your home out until you find a buyer. Or offer a lease option to a motivated buyer who doesn’t have sufficient cash to buy a home outright. Make the house move-in ready. Add in the items of furniture, flat-screen TV, washer/dryer, appliances, backyard Jacuzzi AND the kitchen sink. The less overall a buyer will have to spend to furnish the home, the bigger the perceived value.

To find out more on homes for sale in Gwinnett County, take a look at this great site, today!

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