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Selling Your Own Home In A Tough Real Estate Market - Five Tips
If you are in a tough real estate market and are looking to sell your home quickly, you might want to consider doing a For Sale By Owner. My wife and I recently bought a new house and after trying unsuccessfully to sell our existing house through a real estate agent for several months decided to try For Sale by Owner. We found a buyer within four days and closed on the house three weeks later. However, through our experience we discovered a few things. Here are a few tips if you are considering a FSBO in a less than ideal real estate market. 1. Consider paying to have your home placed in the MLS. There are several companies out there that will do this for a few hundred dollars. With sales down, real estate agents are desperate to earn a commission. By putting the house in the MLS you are agreeing that if an agent brings a buyer to you that you will pay the agent their part of the commission (you still save the listing agents commission). If you can sell the house on your own with no agent then you won’t have to pay an agent. However, in a tough market you want as many possible eyes on your property as possible. 2. Get the word out to as many places as possible about your house. One of the best places to do this is on the internet. There are dozens of free websites that will allow you to post your house for free. Consider starting with craigslist since it has so much traffic and then spread out to the other sites on the net. It will probably take you an entire evening to get the house posted on all the sites and you will want to keep a spreadsheet with your usernames and passwords so that you can go back later and remove the listing once the house sells. 3. Design a professional looking flyer and put out for sale by owner signs and a flyer box. If you aren’t the artistic type and don’t know that much about designing things like flyers consider a site like vflyer which will give you templates for designing a flyer. Take some good pictures of the house with your digital camera and put them on the flyer. If you use Vflyer or a program like it you can probably use the same template to post the house to craigslist and ebay (if you decide to pay for a listing). 4. Be creative. When we put our house on the market we ordered an eight foot full color printed banner to put on our fence. Our house backed to a major street and we were able to get some major exposure from the banner. I have heard of people offering free vacations, big screen tvs, cash bonus’ to the listing agent and even a free car. I have also heard of people giving away a cool prize at their open house. These things can help get your house noticed which is the first step to getting it sold. 5. Make sure that your price is competitive. Consider using the money that you are saving on real estate commissions to cut the price of your house so that it is more competitive. In tough markets it is going to be very important that your house isn’t priced too high or people will find another option. In our area there were a ton of houses on the market and most of the houses that were selling were 5% or more undervalued. If that is what it takes you might need to swallow hard and cut the price of your house. Of course all of these things are just suggestions. Still, when things get tough and you need to sell your house these could be an option for you. They worked for us.Jeff McRitchie is the director of marketing for MyBinding.com and lives in Hillsboro, Oregon. He writes extensively on topics related to Binding Machines, Binding Supplies, Report Covers, Binders, Index Tabs, Laminators, Laminating Pouches, Roll Film, Shredders, and Paper Handling Equipment.
Source: www.ArticlePros.com

Tips On How To Sell Your House Faster
Selling a house seems a big process but it is not as big as it seems In fact, selling a home is as simple as selling anything else All you need to do is to highlight its strengths, focus on its features and bring out its best Selling a residential or commercial property is not that much easy Here’s how you can do that . . - Remember the thumb rule - first impression is the last impression .Make sure the front door of the house is clean and presentable Also remember that if the doorbell is not working, get it repaired . . . - Give attention to woodwork and wallpaper .If the interiors of the house don’t look pleasing to the buyer, he / she mind change his / her mind In short, faded walls and worn woodwork won’t sell your home But a small investment in paint or wallpaper will definitely help you . . - Make sure that you let the sunshine in .Open the drapes and curtains of the house Ensure that the window and panes are perfectly clean Also, turn on the lights so that the house shines bright because house buyers are attracted to bright, cheerful interior . . - Make a call to plumber and electrician .If there is some problem with the taps, it would suggest worn out plumbing or careless maintenance of the house Properly clean those rust stained sinks of kitchen and toilets Also, make sure all the drains in the house are running free and clear Besides that, loose electrical wires, broken sockets and fused out bulbs, flickering tube-lights are a big no-no . . - Details of your house suggest a lot .Things like loose door knobs and handles, creaky doors, door latches not closing smoothly, sticking drawers, wobbly hinges and jammed windows can be a big turn off They can cost you a potential buyer Get these issues fixed and then sell . . - Safety sells more than anything else .It is very important to keep all staircases and corridors clean and free of clutter Cluttered areas make a house look unpleasant and they are dangerous as well . . - Make your whole home look presentable enough .Let all the prospective buyers see the big picture Ensure that your attic is presentable, your garage is neat and your basement is thoroughly organized Also, give storeroom space a clean coat of paint . . - All buyers love big closets and wall cupboards .We all know that buyers prefer big property closets and wall cupboard and they look even bigger when they are clean, neat and well organized Get rid of piles of clothes, old cartons and other kind of clutter lying in the closets and cupboards . . - Bathrooms say a lot about house .Make sure that your bathrooms are sparkling enough to attract a buyer Clean up sinks and bowls thoroughly Also, make sure that towels and bathroom mats are freshly washed . . - Clean up your bedrooms .A nice bedroom can definitely impact a buyer Remove excess furniture from your bedrooms While showing your house to a buyer make sure that beds are properly laid with attractive and colourful bed linens and spreads Open the drapes and curtains and let the light come in Remember, bedroom is the place where people spend one third of their lives . . - Avoid crowd in the house .Ones who are looking for a house hate crowds When your broker shows your home, send the children away to the neighbours so that they don’t irritate the buyer . . - Try to maintain silence in the house .While showing your house to the buyer, turn off the radio, television, stereo or any other noise-producing source It will definitely make your agent’s job much easier . . - Be prepared always .Always be prepared to show your house You never know when your broker may need to show your home So, just in case, make your beds and tidy up each morning . . - No apologies required .We all know that nobody’s perfect So, there’s no need to apologize for the appearance of your house Let your broker field any negative comment . . - Sell only the home .Try not to sell the buyer your old furniture, appliances, lamps or anything besides your house Save it for after the sale . . - Leave everything else to professionals .Things like selling price, terms, possession dates or other such details should be discussed by the broker Brokers are carefully trained and know how negotiate on your behalf . .So, follow these tips and sell your home in no time .
Source: www.rsstnx.com