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Tips for selling a house in a tight market

December 15th, 2007 7:52 PM by Sam Kader

 

 

  1. Pick the right real-estate agent. Ask potential agent for a listing presentation on your home’s value and how they would justify their number and how they would market your property. Visit open houses hosted by the agent to see his/her presentation.
  2. Don't pick an agent simply because he suggested the highest list price.
  3. Pick an agent that offers a thoughtful explanation for the price he is suggesting.
  4. Sweeten the deal with plasma TVs, cars and vacations and seller contribution toward closing costs.
  5. Price it right the first time.
  6. Use staging to enhance the home’s appeal.
  7. Be flexible on the deposit.
  8. Be ready to negotiate.
  9. Monitor and update your MLS listing.
  10. Debut on Friday
  11. Market online such as Craiglist posting to MLS.
  12. Don't move.
  13. Wait to sell until nearby foreclosures are off the market.
  14. Don't base the price on what you paid or what your neighbor got a few years ago.
  15. Checks out comps within your area within the last three to six months.
  16. Be flexible if weeks go by without any offers - the price most likely does not reflect the value of the home and consider cutting the price.
  17. Be patient. Buyers may need some extra time to pull resources together now that the mortgage lending market is tightening.

 

Posted in:General
Posted by Sam Kader on December 15th, 2007 7:52 PM

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