Property Selling Strategies And Tips

If you plan to sell your home soon, especially in this tough economy

, you want to take steps to get the highest price for your home. It's your money. Maximize it! These Five Easy Steps will insure you get the most for that home!

Tip #1: Improve Its Condition

The most important step you can take toward getting top dollar for your home is to make certain it is in great shape. This doesn't mean you need to conduct major reconstruction. Rather, you should take simple steps to make your home more presentable, such as painting the exterior and its trim, planting colorful flowers, trimming trees and shrubs, painting the front door, painting the garage door and making certain the front yard is properly trimmed.

Tip #2: Get Proper Exposure

Let's face it - no one is ever going to buy your property if they don't know it is on the market. To that same end, you will not be able to enjoy top dollar for your home unless you reach the right potential buyers. The simple truth is that, the more people who see your home, the greater the chances will be of getting the price you are after. Therefore, it is important to develop a solid marketing plan that includes ample local and national advertising.

Tip #3: Pick the Right Time to Sell

Obviously, you will have the best chance of getting top dollar for your home if you sell it in a seller's market, but what about when the market is not working in your favor? If you have to sell your home while the market is down, choosing the right time to sell will still help you get more for your home. In general, the best time to sell a home is in the Spring, Summer and the early part of Fall. You will also have a better chance of selling your home for top dollar if you sell it while interest rates are down, as potential buyers are more interested in purchasing a home when they know they can save on the interest costs.

Tip #4: Don't Stay on the Market Too Long

Your pricing strategy in a declining market has to be to sell quickly. Agents and buyers look askew at homes that have been on the market longer than average. They call it "stale" and automatically wonder "what's wrong with that one"? Hence, fewer lookers, fewer offers, lower price.

Tip #5: Choose a Reasonable Price

Don't price the home too high. The home price is determined by what a well-informed qualified buyer will pay for your home - not what you think it's worth. Be sober, calculating and realistic. Pricing too high is harmless enough in a rising market. But, in a declining market it is foolhardy. Your pricing goal is to get the maximum total views online and live tours in the initial weeks on the market. Too high a price will spell death to that goal. Want proof? Check local listings for all the homes that have lowered list price or dropped off the market unsold in the last 90 days.

So, it's really pretty straightforward. These Five Steps will help you get the most for your home.

by: Annabelle Amerman, JR.

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