Best Tips for Selling a Home
Selling a home when the economy is still recovering may be a challenge, but it is by no means impossible. Banks are slowly relaxing their grip on funds for new mortgages and several government programs have been funded in the past year, which will make buying possible for more people. Here are a few tips that will make selling your home even easier.
Have you lived in your neighborhood for some time? Perhaps you could enlist the help of neighbors via an open house. You see the best proponents of your neighborhood are in fact your neighbors. They will be the first to talk the area up and among all your neighbors, there is sure to be a friend or family member who is looking for a home to buy. An open house is a way to bring all the neighbors around for a look see and spread the word about your house.
There are several ways to advertise your home including Multi Listing Service, internet, local newspaper and flyers. The best advice you can get when it comes to advertising is to use them all! Especially when you first place your home on the market, you want as many eyes on your listing as possible. You can do all of this legwork yourself or you can enlist the help of a professional real estate agent. If you do use an agent or other professional service for your advertising be sure to check up on the pictures, some people are not to conscientious about their work!
Deal with Low Ball Offers
There is a temptation to become offended and rip up the offer from a buyer with a lowball number. Resist this temptation and counter offer instead, even if it is for just a few hundred off your original asking price you want to keep communications open. Sometimes people will lowball a home, not because they are disinterested but to see how firmly you are standing on your price. You can also get creative with counteroffers, such as offering the house at a lower price but with no repairs, as is where is.
Avoid Deal Busters
During negotiations and contracts, there are times when a deal can be busted. Inspection is one of the issues you may battle with for the duration of your dealings with a particular buyer. One way to avoid this problem is by hiring your own inspector before the house goes on the market. For around $200 you can be made aware of any issues and fix them at a reasonable cost which is better than trimming thousands off your asking price for the same problems found by a buyers inspector.
Selling a home can be fun, challenging, frustrating and downright difficult; however, these tips should help you along the way. There are two options for selling your home, list it yourself or through a real estate agent. The second option will take a lot of the responsibility from your shoulders but will also cost you in the form of a commission. You will have to weigh the pros and cons of each to make your final decision.
For advise on buying or selling a house near Long Island, NY, speak with a Syosset real estate attorneys or call 1-800-824-0284. Syosset real estate lawyer can advise you throughout each step of the complicated real estate transaction process.