Tuesday, June 10, 2008

Getting Your House Ready to Sell

By Christopher Ulrich

Selling residential real estate in a slow economy may be a frightening experience. Just a few years ago, people had multiple buyers lined up with offers at the conclusion of the initial open house. Today, properties can sit on the market for 6-24 months without any action. How can you sell in a slow market and get a better deal?

Your House Must Stand Apart from the Others

When there are more properties for sale and fewer purchasers, your home must distinguish itself from other houses for sale in your market. This does not mean it has to be the biggest and fanciest; it just needs to be desirable. What does this mean?

Putting Your House into Shape to Sell

You don't need to spend a fortune getting your house ready for sale. However, there are a wide range of low cost things you can do to enchance both the value of your home as well as the "curb appeal". How well does your home show to prospective buyers?

Keep it Clean - it is shocking that many people wish to show a messy home.

Keep it Organized - the more packed in it appears, the smaller it looks. It makes the home buyer wonder if the rooms are too small. It also doesn't look well kept.

Fresh Painting - if you have rooms that look dated, walls that are faded or paint that is chipped, spend a weekend or two repainting parts of your house that need it.

Straighten Up the Yard - your front yard and backyard is where a potential purchaser wants to envisionthemselves having family events and setting up swing sets. They don't want to see old junk, ruined patio furniture or an old fixer upper that you are really really walking in to finish reassembling someday.

For a deeper list of tips, see www.HomeBuyersGuide.com/ImprovingYourHome.cfm

Remember - Selling Your Real Estate is Not Just About the Asking Price

Selling residential real estate is not just about price. It is about perception and emotion. If buyers don't like your house, they won't purchase it. If they perceive it has not taken care of, they won't buy it. If they don't really want it strongly, they won't offer the price you asking.

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