Tips to sell home in down market

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Tips to sell home in down market

July 25, 2011
 
Selling a home in a healthy market can be a difficult task for many homeowners. Doing so in a down housing market may be even more trying. According to the Associated Press, though, there are methods homeowners may want to try that could help get their property sold.
 
Price aggressively
 
According to the Associated Press, while putting a home up for sale with a low price tag may not be ideal for some home sellers, listing a property for an affordable price could be a good way to get home buyers interested.
 
The Associated Press reports that around 4 to 10 percent of homes are sold each month, and the general time it takes for a home to come off the real estate listings is roughly eight to 10 weeks. By putting a home up for sale for a low price, home sellers may be able to attract the most attention possible to their property than if they tried selling it for market value.
 
Put effort in staging
 
Competing with the high number of distressed properties sitting on the market and other low-priced homes for sale can seem daunting for some homeowners. However, home sellers can gain an edge on others by putting a substantial amount of time and effort staging their home for potential home buyers, the Associated Press reports.
 
Some ways in which home sellers can improve their home aesthetically, and in turn appeal to more home buyers, include planting flowers, painting their home and removing personal items - such as picture frames and mail - from their home, according to the Associated Press. Also, highlighting a home's best features may be able to appeal to more home buyers who come visit a property during an open house.
 
Post an online listing
 
With the amount of home buyers who turn to the internet today to find homes for sale, the Associated Press reports home sellers should be putting a listing of their property online for all to see. In this listing, they should include a photo of their property and detailed information about the home, including the asking price and features.
 
Failing to provide prospective home buyers with as much information as possible could hurt a home seller's chances of completing a sale, as some home buyers may only want to check out online listings with intimate details about a home, the Associated Press reports.