Selling Your Own Home In A Tough Real Estate Market - Five Tips
If you are in a tough real estate market and are looking to sell your home quickly, you might want to consider doing a For Sale By Owner. My wife and I recently bought a new house and after trying unsuccessfully to sell our existing house through a real estate agent for several months decided to try For Sale by Owner. We found a buyer within four days and closed on the house three weeks later. However, through our experience we discovered a few things. Here are a few tips if you are considering a FSBO in a less than ideal real estate market. 1. Consider paying to have your home placed in the MLS. There are several companies out there that will do this for a few hundred dollars. With sales down, real estate agents are desperate to earn a commission. By putting the house in the MLS you are agreeing that if an agent brings a buyer to you that you will pay the agent their part of the commission (you still save the listing agents commission). If you can sell the house on your own with no agent then you won’t have to pay an agent. However, in a tough market you want as many possible eyes on your property as possible. 2. Get the word out to as many places as possible about your house. One of the best places to do this is on the internet. There are dozens of free websites that will allow you to post your house for free. Consider starting with craigslist since it has so much traffic and then spread out to the other sites on the net. It will probably take you an entire evening to get the house posted on all the sites and you will want to keep a spreadsheet with your usernames and passwords so that you can go back later and remove the listing once the house sells. 3. Design a professional looking flyer and put out for sale by owner signs and a flyer box. If you aren’t the artistic type and don’t know that much about designing things like flyers consider a site like vflyer which will give you templates for designing a flyer. Take some good pictures of the house with your digital camera and put them on the flyer. If you use Vflyer or a program like it you can probably use the same template to post the house to craigslist and ebay (if you decide to pay for a listing). 4. Be creative. When we put our house on the market we ordered an eight foot full color printed banner to put on our fence. Our house backed to a major street and we were able to get some major exposure from the banner. I have heard of people offering free vacations, big screen tvs, cash bonus’ to the listing agent and even a free car. I have also heard of people giving away a cool prize at their open house. These things can help get your house noticed which is the first step to getting it sold. 5. Make sure that your price is competitive. Consider using the money that you are saving on real estate commissions to cut the price of your house so that it is more competitive. In tough markets it is going to be very important that your house isn’t priced too high or people will find another option. In our area there were a ton of houses on the market and most of the houses that were selling were 5% or more undervalued. If that is what it takes you might need to swallow hard and cut the price of your house. Of course all of these things are just suggestions. Still, when things get tough and you need to sell your house these could be an option for you. They worked for us.Jeff McRitchie is the director of marketing for MyBinding.com and lives in Hillsboro, Oregon. He writes extensively on topics related to Binding Machines, Binding Supplies, Report Covers, Binders, Index Tabs, Laminators, Laminating Pouches, Roll Film, Shredders, and Paper Handling Equipment.
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Guide to Buying Caribbean Property Posted By : Benicio Brown
The Caribbean Islands! The very name brings out the sound of the swaying palms and the surf. The Caribbean Islands enjoy tropical climate, with warm and moist trade wind blowing from the East. These winds create rainforest and semi-desert conditions.
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Tips Of Buying Commercial Properties Posted By : Robin Smith
Buying commercial properties can be quite profitable if you are able to get the best deal on it. Commercial properties may be either a piece of land or a large building that buyers and investors purchase in order to generate profits. The profits from commercial properties could be earned in the form of rent or in capital gain.
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Real Estate Investing Private Rent Vs Agent Managed Posted By : Jason Sands
After completing all the procedures employed in acquiring a property, your next step is to look out for prospective renters. There are several responsibilities to fulfill when deciding to manage property on your own.
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Lucrative Investment Properties In Cyprus Posted By : Derek Watkins
Larnaca, Polis, Paphos, and Limassol are the target destinations for these up market golf courses resorts style projects. This presents a good opportunity for long-term investors in Cyprus real estate.
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Discover How Real Estate Heavyweights Survive and Thrive in The Current Recession Market Posted By : Pat Friedl
Houses have dropped in value (in some places significant value), mortgages are trickier to get and buyers that can afford to meet their monthly obligations seem to be getting increasingly rare. The hard fact is that the way you performed business a few years ago may not work so well anymore. That means that if you need to stay in this business, you need to be ready to make some alterations. So how must the real estate heavyweight change so he or she can thrive in the current sagging market?
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Dubai Property - Boosting the Fiscal Growth Posted By : WilliamKing
Dubai has earned for itself the name of a value city. All the risk adverse investors who want to get a considerable return on their savings should definitely try investing in the booming real estate market of Dubai. Dubai offers greater benefits and lower additional costs as compared to other economies such as Paris and Las Vegas. Explore the expanding market of Dubai and make the best use of your savings.
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Is Real Estate The Right Investment Strategy For You? Posted By : Michael Selman
Smart investment strategies in real estate can help you earn good bucks. Since in real estate business a huge capital is required initially, you must be in a fix deciding on the possibilities and returns. There are some facts which can help you to clear your doubts and worries.
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Should You Buy An Off-The-Plan Property? Posted By : Michael Selman
When a question about investing in off-the-plan property arises, the first thing to know is what is actually an off-the-plan property?
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