If you are looking to sell your house in a buyer’s market, you are at a disadvantage. This occurs because there are more homes for sale than willing buyers. The advantage goes to buyers as they can negotiate more and get prices reduced. With so many available homes and people wanting to sell their homes fast it pushes down the prices of homes. There are still opportunities for you to succeed as a seller in a buyers market, but there are costs associated with being a seller. Below are three ways you can be a seller in a buyer’s market.
The first of which is leaving behind appliances and furniture in the house being sold. Many people will often leave appliances and furniture in their homes for buyers to take with the purchase of the home. This allows people to be more inclined to buy since they do not have to purchase these items when moving in. The less friction a buyer can experience the more likely they will buy the house.
Second, make sure the house is in top shape. Having the home staged and making all the necessary repairs before you put the house on the market will make the house the most attractive to new buyers. People will be more enticed to buy your home if there are new appliances and no repairs necessary to be made. If there are problems with the home, buyers will quickly turn away and look for other homes that do not have any issues. This comes as an added price to sellers but is also a great opportunity to get the most money in a buyer’s market.
Lastly, when selling a home you also want to make sure to invest in marketing. This includes taking high-quality pictures and using social media. Advertising is necessary to get as much visibility as possible on your property.
All the above will help sell your house in a buyer’s market as well as make sure that you price your home right. While there is always room for negotiation when purchasing a home, if you price your house too high in a buyer’s market people will often look the other way from your listing. You can make sure your home is priced right by looking at the other homes on the market!
If you know someone who is looking to buy or sell, contact me