3 Selling Tips in a Down Market

Selling your house in a down market can be extremely challenging. You typically have a lot of supply and not enough demand to get things moving. Buyers are few and far between in this time period. Therefore, if you want to sell the house, you are going to have to be creative. Here are a few tips to sell your home in a down market.

1. Offer Incentives

Give potential buyers some reason to buy your house instead of any of the others in the pack. You might include some unique incentives that other homes do not have. Include a pool table or a hot tub. Throw in a flooring allowance or a gift certificate to a flooring store. Be creative with your incentives and get people in the door.

2. Hire a Good Agent

Trying to sell your house by yourself in a down market is a losing proposition. You need massive exposure and that can only be provided by a great real estate agent.

3. Be Open to Negotiation

No one wants to pay full price in a down market. If you expect to get full price, there is a good chance that you are going to be disappointed. You need to be open to negotiation if you want to move your house in a slow real estate market.

 

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