subject: How To Jump The Foreclosure Market In Order To Sell Your Realty [print this page] The typical homeowner who decides to sell a home in the next three years is in for a rude surprise. The traditional approach used for selling a home has changed, and most home owners will not be prepared for what faces them in the market.
You see, most homeowners who have sold a home before have a friend in real estate, and they know they can just call that friend when it is time to sell a home. But they will be shocked to discover that experienced agents around the country are failing to get houses sold. In fact, a recent study of experienced real estate agents found that they succeed in selling a home in the first 6 months of marketing time only 38% of the time!
Can you imagine deciding to make a move, hiring a trusted friend, and then 6 months later realizing that you made a huge mistake? That is what is happening in markets all around the United States right now.
But you don't have to make the same mistakes that these unhappy house owners have made. Just follow these four tips and you will be part of the minority; that ground of successful householders that get their listings sold on the first attempt.
4 Tips For Selling A Home In 2012 And Beyond
1. Understand Why You Want To Sell Your Home
The majority of US house owners are still facing declining home values, so make sure you know why you are moving. If your motivation level is low, it is unlikely that you will get your home sold in 2012. If you really have to move, make sure that you price your home aggressively and get a quick contract. Remember, values are falling, so the quicker you get your home sold, the more money you are likely to realize from the sale.
2. Take A Lesson From Sun Tzu - Know Your Competition
There is a definite group of homes that you will be competing against when you go to sell your home. Make sure you understand which ones. Many times, sellers think their home is worth a certain amount of money, but the fact is, your home is only worth what a buyer can find as a substitute for your home. Know your competition, know current buyer trends, and you will be well on your means to getting sold.
3. Hire The Local Real estate brokerage Who Dominates The Internet
Getting your home sold is all about pricing and exposure. Price your home too high, and even the best exposure will not yield a sale. But the opposite is true as well. Price your home at a give-away price, but tell no one, and it will also not sell. The proper price, with intense online marketing will sell a home every time. The best local company will have local buyers already using their website. Go to Google and see what company emerges each time you do a different type of properties search (i.e. listings "yourtown"). Interview that company and demand to meet with the broker of the company as well. You will be paying a lot of money for their service, it is no unreasonable to have the broker extend this courtesy to you.
4. Home Values Are Relative
Find out what your home is really worth on the market. This is simple to do. See what other properties like yours have sold for recently, but more importantly, check to see what is available in the areas surrounding your home. If you think like a buyer (which you will soon be), then know that buyers are going for the best deal that they can get on the day that they make their purchase decision. Your home's value is relative to what else they can buy on that day.
