3 Tips For Making Your Home Stand Out In A Buyer's Market
Posted on: 9 April 2018
When it comes to listing homes for sale, there are a lot of factors that can have an impact on the length of time it takes to sell and the final selling price of your home. The local real estate market itself can also have a major impact. If you live in an area where there is more inventory than buyers, you are in a buyer's market. A buyer's market is great if you are looking to buy since there is a large supply of homes to choose from. However, if you are trying to sell your home, it can be difficult. Here are three tips for selling a home in a buyer's market.
1. Stage Your Home
When it comes to selling in a buyer's market, the key is to make your home stand out from all of the others. One way to do this is by staging your home. Staging will show off your home's best features and make it more attractive to potential buyers. On average, staged homes sell for 17 percent more than non-staged homes and sell 87 percent faster. Staging a home costs between $2,000 to $2,400 per month for a 2,000 square foot home. While it may be pricey, staging is often worth the investment.
2. Price It Right
Listing price is extremely important in a buyer's market. You want to choose a number that will attract buyers, but that will also leave you with the profit you desire. An experienced real estate agent can help you come up with the right price for selling your home in this type of market. A real estate agent will be able to look at comparable properties that have sold and be able to come up with a good listing price for your home. You may also want to add incentives such as paying for closing costs or including furniture if you need to sell quickly.
3. Make A Few Cosmetic Improvements
If you are attempting to sell your home in a buyer's market, the chances are that any major home improvement projects are not something that you are interested in. However, a few small changes can make your home stand out. Two of the easiest changes that you can make include improving your home's curb appeal and painting the interior. Improving your home's landscaping as an average return on investment of 105 percent. Painting your home in neutral, buyer-friendly colors can also help your home sell in a buyer's market.
Selling in a buyer's market can be difficult. In this type of market, it's important to make your home stand out. A few things that can give you an edge include staging your home, pricing to sell, and making a few cosmetic improvements to make it more attractive to buyers.
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