subject: You can sell during a property market dip [print this page] You can sell during a property market dip
Don't inflate the price of your home! It's pretty obvious when the market is down, the price tag on your house needs to be as well. This is a fact that you may not want to hear. If you paid ?300,000 for a house, you don't want to sell it for less. In times of economic instability, there are compromises that need to be made, the first place to start is with the price. This does not mean you have to cut The cost drastically, but do not aim too high, not even to start with.
Look into the competition: You are not the only person in the UK selling your property. Likelihood is, you aren't even the only person in your neighbourhood selling a house. As opposed to just letting the competition get on with it, look at what they're offering. Are they doing something creative that you didn't think of? Are they having open houses complete with live bands? Are they offering a fully equipped gaming room, or perhaps have a hot tub that they are throwing in with the price? Go searching and get some ideas. You won't just discover what sellers are doing, but you will also see what buyers are looking for.
Keep your house looking good: It's difficult to keep your house clean, gleaming, and looking like new, but when you're trying it, your house has to look its best. This not just means you should clean and scrub prior to planned showings, but you should also keep your house dazzling when showings aren't scheduled. You just don't know when someone may be in the neighbourhood and show up unexpectedly.
Be ready to rock and roll: In a down market, you - as a buyer - need to be ready to rock 'n roll: before you even consider selling, make sure all your ducks are lined up. This not only means you need to clean your house, repair things that are damaged, and replace things that are rundown, but you also need to have a solid move out date along with a solid move in date for your buyers. All of your financial T's ought to be crossed and your I's dotted. Anything that makes you hold up a sale could also cause you to lose one.
Offer buyers incentives: Sure, a low price may be incentive enough for some buyers, but others might be holding out for something more. This is why creativity can really take over. Perhaps you have rugby season tickets you do not really use, maybe you have a time share in Spain which you don't visit enough, maybe you have a restored Spitfire you've been thinking about putting up for sale. There are a ton of incentives that talk to the heart of the buyer; be creative and see which one speaks to yours.
