Saturday, November 24, 2012

Making Wise Decisions About Selling Real Estate Requires Information

By Aaron Reiss


Selling your home may not be as easy as it once was with today's real estate market. You will need to develop an aggressive marketing strategy to attract as many potential buyers as possible. Competition for buyers is tough. You will need to reach out to as many people as possible. Some of the tips below will help you develop your strategy and sell your home quickly.

If you have had your home listed on the market for a long time, consider updating the photos that are on your listing. Old photos can make your home seem dated and can deter potential buyers from looking at it further. Keeping the photos within the season are a great way to make your home look fresh and inviting.

Know what the laws are in your area regarding realtor fees and commission, and what the going rate is for commissions. Most areas have a cap on realtor fees as a percentage of sale proceeds. If your realtor is asking for significantly more than the going rate or even more than the legal cap, they're a crook and you need to find a new agent.

Stage your home with an eye to opening up possible opportunities. You want a potential buyer to view your home as a palette on which they can build their own ideas. If you stage the home with too much of your unique style, potential buyers may be turned off by the lack of "fit" between themselves and the home.

Spruce up the kitchen before you list your home on the market. Make small changes like updating the hardware on the cabinets, add a fresh coat of paint to the walls or the cabinets, add some new light fixtures, maybe a new faucet and curtains. These things are inexpensive and will add appeal to your kitchen.

A major selling point of a home is your bathrooms. When you are looking to sell your home, make sure that your bathrooms sparkle. Keep everything as clean as possible, including mirrors, light fixtures, and faucets. Try displaying your best or new items in the bathroom, such as your best or new rugs, shower curtains, and towels.

If a neighbor suffers foreclosure, this will damage the value of your property, unless you intervene. Foreclosed properties often deteriorate over time, and this ramshackle look deflates your own property value. Talk to your neighbors and work out a schedule for maintaining and cleaning up foreclosed properties. This will at least contribute to the look and function of the property and will help the neighborhood values remain high.

To sweeten the deal and help sell your real estate fast, consider being prepared to close your deal quickly and move out fast. It is attractive to some buyers to get into their new home before a certain date and if you are prepared to do this, it may make your home more attractive than another similar one.

If you have colors on your walls that are very bold and bright with many personal touches you should repaint the walls a soft, neutral color before attempting to sell the home. While buyers are aware they can change paint once the deal is through, it is just easier to imagine when they are looking at a blank canvas.

When considering lowering the price on a real estate listing based on the recommendation of your real estate agent, consider their motives. Remember that your agent receives a portion of the final selling price as their commission on the sale. If they recommend a lower price than you were hoping, remember that it is in their best interest to sell your home at the highest workable price too.

There is no doubt about it, selling today is tricky. But as with anything, if you have the right advice and understanding you can make a good deal anywhere and anytime. The suggestions that you read here will give you the ability to make a good sale even in this market.




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