Overcast   33.0F  |  Forecast »
Edit Module

Selling Your Home In a Buyer's Market

10 tips to help you make a sale and come out on top when the market is down

In an ideal world, we buy low and sell high. However, many homeowners don’t have the luxury of waiting for the housing market to rebound and must sell now. When the market is down, sellers need to work even harder. Fortunately, there are things you can do to help maximize the return on your biggest investment.

1. Consider having your home professionally inspected before you put it on the market. Issues brought up during the buyer’s inspection can delay or even kill your sale. Know the real condition of your property so you can price it properly.

2. Be up-front with buyers. Be proactive. If there are items in obvious need of repair, consider pricing out the cost of repair and sharing that information with potential buyers.

3. Find the best real estate agent for your home. One positive for sellers in a slow housing market is that there are more good agents willing to compete for your business. Do your due diligence and find the one that specializes in your neighborhood and understands your situation.

4. Consider offering a home warranty. A systems and appliances warranty may provide you with an advantage when marketing your home by providing buyers with greater confidence in their purchase.

5. Check out the competition. Take a look at the comparable listings in your area and attend area open houses if possible. Doing so can give you ideas for staging your home and making your listing more attractive to buyers.

6. Consider high-return do-it-yourself projects. Replacing carpeting with wood floors or upgrading your kitchen countertop or cabinets can be done in a weekend and may pay for themselves and then some at sale time.

7. Write a listing that gets noticed. Studies have found that listings including brand names when describing appliances are more effective than generic wording.

8. Keep your home warm and well-lit. In the winter, buyers are more attracted to warm, bright homes. Turn up your thermostat and consider replacing dim bulbs for higher wattage ones during a showing.

9. Price your home right. Today’s buyers are extremely savvy and have many resources to research and understand the true value of homes in your area. Work with your agent to negotiate and discourage lowball offers by pricing your home according to today’s market versus what you wish it was worth.

10. Freshen up your listing. Don’t let the photos of your listing show that your home has been on the market for a while. Make sure exterior photos are current and reflect the time of year in which the home is being sold.

Add your comment:
Edit Module
Edit Module
Advertisement
Edit Module

More »Latest Articles & Blog Posts

Green Bean Side Dish Ideas

Green Bean Side Dish Ideas

Go green with these yummy sides featuring kids' favorite beans. Check out these recipe ideas including mini green bean casseroles, lemony green beans and more.

Simple Sewing Holiday Tree Craft for Kids

Simple Sewing Holiday Tree Craft for Kids

Give your Christmas tree extra flair with this cute project that you can turn into an ornament or other decor. Teaches kids an easy running stitch, too.

Craft Review: Epson's LabelWorks Printable Ribbon Kit

Craft Review: Epson's LabelWorks Printable Ribbon Kit

This cool family crafting tool isn't just great for creating ordinary labels. It's also a handy holiday tool for gift wrapping and other creative DIY projects.

Make Cute Penguins with Candy Aisle Crafts Book

Make Cute Penguins with Candy Aisle Crafts Book

This delicious title features super creative, clever and easy crafts that southeast Michigan families can make with a simple trip to the grocery store.

Michigan Mitten Free Printable Greeting Card Craft

Michigan Mitten Free Printable Greeting Card Craft

Want to make the season bright, with a distinct dash of hometown flair? Our template is the perfect starting point for an easy, impressive card kids can make.

Meet Angelina, Metro Parent December 2014 CoverKid – VIDEO

Meet Angelina, Metro Parent December 2014 CoverKid – VIDEO

All bundled up and ready for winter, this 6-year-old Canton kid is ready to lead southeast Michigan to some fun events – and make you laugh out loud!

Elsa's Icy Braid: How to Create a Disney Princess Hairdo

Elsa's Icy Braid: How to Create a Disney Princess Hairdo

The super cool character has a signature hair look. Recreate it with this guide from the book Disney Frozen Hairstyles: Inspired by Anna and Elsa.

Edit Module
Advertisement
Edit Module
Advertisement
Edit Module
Advertisement