A slow housing market is known to bring a stalemate in property sales. This affects both the seller and the buyer. But how? While it may be difficult for a seller to sell his house, a buyer is reluctant to invest because he fears that the price will plunge further once he buys. However, with some smart tips, you can quickly find a buyer and sell your house even in a slow market. Find out how to sell a house fast in a slow market with the tips below
1. Home staging
Depending on your region and city, it may take time to sell a home. To put the odds in your favor, you could invest in home staging, which consists of making small renovations to give a face-lift to the house for sale. A properly renovated and decorated home will attract more potential buyers. It may be worth investing a small amount in:
• New paintings.
• New coatings.
• Small interior decorations.
The principle of home staging is to give a modern and neutral side to your decoration so that buyers can project themselves there.
2. Sell at a realistic price
The price is the most important part of any sales process. Establish a realistic price, which is not in contrast with the market average. The advice is not to devalue your property. You simply have to stick to current prices. Also note that as days go without selling, your property continues to devalue.
3. Don’t decline offers
For the same reason, you cannot afford to refuse offers. Learn to distinguish who is really interested in buying your home from those who play downward because they are looking for the bargain. In any case, even a very low offer below the market value of the property must be assessed and requires the due counter-offer.
4. Do not rush
If you want to sell a house fast in a slow market, you don’t have to hurry. If you’ve done everything right, requests to view the apartment will come, and also offers. However, this rule applies when you show your home to potential buyers. Let them go around the property several times, give them all the time to settle in, to “breathe” the atmosphere of the house, respond politely to any questions, and always be available. In short, do everything to be a good host.
5. Contact a professional
Many believe that turning to a real estate professional to sell a house is an unnecessary waste of time and money. But this is far from the truth. A real estate agency offers you professional advice that is essential for selling a house quickly. The real estate agent will help you calculate the most appropriate price for the sale of the property, will take care of setting appointments with any buyers, and will facilitate the entire process of selling. However, you need to choose a real estate agency:
• That it is present on the same territory as the property
• Who knows how to prepare the most effective ads.
• Who knows the target market very well.
• That will guarantee you an excellent selection of customers that will allow you to sell your property at the best price.
During visits, the house must be pleasant to discover. If it looks its best, it will not take long to sell your house quickly on the market. You now know everything you need to know to sell a house quickly in a slow real estate market. You only need to prepare everything so that the sale takes place in the best conditions. An often over look alternative solution by a lot of homeowners is selling directly to a company that buys houses for cash in their area. These types of companies are actively purchasing properties from sellers in as is condition without requiring a home inspection or any repair contingencies.