Does anyone have any good tips on selling your home in a slumping market?

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7 Comments
  1. Reply
    CHARITY G
    June 10, 2011 at 12:09 am

    Price, Price, Price. Find out what other similar homes are selling for in your market and the cut your price by at least ten percent. Expect to have bids that fall an additional 10% under your asking. If you can not afford to take the 20% hit – don’t sell – waste of time.

  2. Reply
    Panama
    June 10, 2011 at 1:07 am

    List the extras if you have any. Offer to leave the furniture, fridge, stove, etc if someone is interested.

    You pay the closing costs on the house. You can do a rent to own where a portion of the rent goes towards the down payment on the home.

    Turn the property into a rental and make sure the rent cover the bills and it costs you basically nothing to keep it.

    You choices are limited.

  3. Reply
    Mortgageman
    June 10, 2011 at 1:48 am

    Seller Concessions

  4. Reply
    DJ B
    June 10, 2011 at 2:28 am

    Yes price price price! It has to show the best, be the best price and in the best location in your neighborhood.

    I would have a professional stager come in and give you advise on how to rearrange things to make the house look bigger and brighter. Get rid of clutter, any signs of wear and tear, clean and/or paint everything! If you have been putting off mechanical repairs you had better take care of them now! If a buyer has an inspection and they find deferred maintenance, you could blow a sale! Be smart and listen to the professionals and the advise they provide you.

  5. Reply
    foreclosures101
    June 10, 2011 at 3:22 am

    if you don’t need to sell don’t if you do, price cut 40k below market ..

    if no equity short sell it..

  6. Reply
    robert495713
    June 10, 2011 at 4:10 am

    Reduce your price…
    Offer some owner financing…
    Pay the buyer’s closing costs…
    Include some appliances…

    Whatever you have to do!

  7. Reply
    lynda l
    June 10, 2011 at 4:54 am

    O.K. they’re all saying cut your price….duh!!! it goes much more than that… just check how much it would cost you to replace this house with the actual price for materials. Of course the second would be your location and third the size of land you’re offering. Be smart and take charge be ahead of the rest get your house exterior in great shape if it means it need paint then put a fresh coat of paint and add or remove some of your landscaping just clean up front and back and please be diligent to maintain it.
    The majority of the existing homes for sales have been sitting on the market for too long (2 yrs plus in my area Florida) price reduction has already been done but the regular maintenance is not up to par as of now since the market is stopped. You’ve got to remember that when it does move it will move and you better be ready!

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