In a market where the supply of houses outstrips demand, selling a house can be a daunting task. More often than not, sellers are forced to sell their property at throw-away prices. It’s however possible to sell a house in a difficult housing market. If you’re looking to sell your house in a declining housing market, read on to find out how you can do it at a better price and at a faster rate.
Clean up the clutter
It’s a compulsory requirement that home sellers clean up all the clutter before listing a house. Clutter doesn’t have to be actual rubbish that goes to the trash can. It also includes old furniture that makes the room appear smaller, family photographs and personal items. Hiring a professional stager is a good idea since he or she will guide you through the staging process. You may also be required to rent furnishings to be used for staging purposes. This will serve to help potential buyers picture themselves living in the space.
Price the house right
Regardless of how well you stage or renovate your house, appropriate pricing is still important if you want your house to sell in a declining housing market. To decide on a good price, do your research by reading newspapers, information posted online about the current trends in the housing market and consult with a housing agent. You don’t have to go with the lowest price, especially if you’ve made efforts to improve the aesthetics of the house. It’s however important to ensure that the price you set doesn’t go out of line with that of comparable properties on the market. Put yourself in the shoes of the buyer and think about how much you’d buy the property for.
Ways to make your home sell quicker in a difficult housing market
Improve curb appeal
Curb appeal is a factor that’s often overlooked by homeowners looking to sell their homes. They forget that the exterior is the first thing that potential buyers see when they arrive at your property. Buyers like to see an attractive external appearance and make sure that the house they pay for fits well with the rest of the neighbourhood. Before listing your house, be sure to apply a fresh coat of paint and your lawns and bushes are manicured. First appearances are very important in the housing market, hence the emphasis on improving curb appeal. It will help make an impact at first glance.
Stand out from your neighbours
The key to selling your home in a difficult housing market lies in being unique and different from your neighbours. Consider custom design elements in your landscaping and interior décor. Have new windows installed or get a new roof. Anything you can do to improve the aesthetics of the home will go a long way in helping improve the value of your property. However, make sure that whatever restorative projects you do are reasonable. They also have to complement the amenities of the home such the adjoining deck or swimming pool.
Sweeten the deal
Going for offers or deals that attract buyers will help sell your house quickly. For instance, you can offer a thousand pounds discount on the closing costs. In a declining housing market, buyers are always looking for deals so why not give them just that? Offering transferable home warranty for one year that will cover faulty home appliances is one way of sweetening the deal. The policy can also cover other house gadgets. Last but not least, it’s important to note that some buyers are in search of deals that close within a short period of time. If you can close the deal on your house within two months, that may help to attract buyers.
Hire a professional photographer
It’s common knowledge that most people looking to buy homes don’t walk the streets looking for a house. Rather, they go online and read local magazines to look for houses. That means that your listing should be accompanied by great pictures highlighting the best features of your home. Hire a professional photographer to take the pictures for you. Of course, this should come after all upgrades and staging has been completed.
Selling your house in a market that’s not doing well requires extra effort. The above tips coupled with determination will get your house sold faster than you expect.