Trying to sell your home in the buyer’s market can sometimes be very difficult, and there may be several things that work against you.
Here are some things to keep in mind when trying to sell a house in a buyer’s market.
It is well known that when you put your house up for sale, you have photos available to see potential buyers. But in many listings of homes for sale, there may be very few or no photographs. There may be several reasons why the seller does not want the photos of his house to be available, but the potential buyer perceives this as something wrong with the property. With the Internet, it is now advisable to have at least 10 images or more inside and outside the house.
Previously, if the house was a foreclosure or a short sale, there was little information available. But in today’s market, you should have as much information as possible about your home on the list if it is in the process of being purchased or is a short sale. The buyer or potential buyer should know if the lender or a third party is involved in the decision to approve the sale of the property and / or the price of the property. The more people involved in the sale of real estate, the more time and energy it takes to complete it. The more information potential buyers have available in case of a possible buyback or short sale, the more possibilities you will have to sell your home.
Another common problem is that some real estate agents will offer to list your home below the current market value so that potential buyers can see your home. This can attract many buyers to your home because your home is below the current market value and they are looking for offers. As your home is below the current value, you also have many buyers who do not even have the right to buy it. Since your home is below the current value, you can even start a war over an offer for your home, which is likely to get a price close to the current market value. This has the potential of not selling a house at all, because it is not so much.
Sometimes, sellers are advised if they do not wish to improve or repair something before the sale, which they must include in the listing agreement that the house is sold “as is”. These two little words can make your house not for sale. Buyers can look “as is”, which means that everything has been removed from the house, for example, a stove, dishwasher, garbage collection, garage door opener, ceiling fans, etc.