Title : How to Sell a Home in a Depressed Property Market
link : How to Sell a Home in a Depressed Property Market
How to Sell a Home in a Depressed Property Market
Whilst the property market is fairly buoyant right now, there is no guarantee it will stay that way. Besides, you may not be thinking of moving home for another couple of years anyway, so when the time comes, you need to know you can sell it no matter what the prevailing market is like. Here are some tips from Property Cash Buyers to help you achieve a quick sale for the right price, even in a depressed property market.
Boost the Curb Appeal
First Impressions count. Imagine going on a first date and the person has made zero effort to look nice. No matter how engaging their personality, your opinion of them will be irrevocably damaged.
Selling a home is no different. An unkempt home with ten-foot high weeds and peeling paint will not draw potential buyers in. Most people want a home they can just move into, so take a good, hard look at your property and try to see it through the eyes of a buyer. Tidy up the front yard, plant some flowers, and tackle all the DIY jobs on your list sooner rather than later.
Make Essential Home Improvements
Flashy home improvements such as a smart designer kitchen or bathroom will make a home easier to sell, but your money will be better spent on upgrading the essentials. Most buyers would rather pay less for a home that needs a bit of remodelling, as they can then put their own stamp on the place.
With this in mind, you should consider spending your cash on upgrading the boiler or making essential repairs to the roof or windows. This type of work needs to be done no matter what, and if your buyers need to borrow money to buy, an unsatisfactory report from a home inspector could jeopardise the sale.
Sell at the Right Price
Pricing a home to sell is tricky. Too low, and you lose out on extra cash, but too high and you will not achieve any real interest in a depressed market. The only way to get the right price is to use the services of an experienced realtor. Real estate agents know the market inside out, so they will have a good idea of what price your home is likely to achieve. So be realistic about what your property is worth and take their advice, or you will have a hard time selling.
Depersonalise and Declutter Your Home
Buyers do not want to see rooms full of clutter. It makes it impossible for buyers to visualise the property with their own furniture and belongings in-situ. Before you start marketing your home, remove all extraneous clutter, box it up and store it out of the way. This will give you the opportunity to paint the walls and clean all surfaces ready for buyers to come and view.
Marketing a home can be immensely stressful, but if you follow the above tips, it should not take more than a week to achieve the right asking price.
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