Is Now the Right Time For You to Sell?

There is no denying it is a tough market. It's not that there are not enough buyers but that there are too many sellers. A few years ago the market was definitely in the sellers best interest and many buyers that bought then are now upside down in their mortgages now. But what if you need to sell your home? Can it really be done right now?

There are plenty of buyers out there and with all the incentives and bonus's buyers are getting, it keeps them out there looking but what exactly are they buying? There are many bank owned homes because of those high interest rates and predatory lending that drove folks right out of their homes. Dealing with a bank can be time consuming and often times, frustrating. It can also take twice if not three times as long to close on a bank owned home depending on the status. Some buyers just don't want to have to deal with that.

So as a seller you do have some good things going for you. Often times, banks will sell cheap just to get rid of the property and therefore not do any repairs, upkeep or even cleaning. Most sellers that are serious right now are striving to keep their homes clean and staged well for buyers. This is appealing to many  people on the market to buy.

As a seller you will need to price the home competitively right from the get go. You can't afford to chase the market down or you might end up going lower than what you should price it at the beginning. Check out the competition and something similar to your home and go lower than that. More often than not, a buyer will visit your home and choose the cheaper one over the higher priced one. If your home has special features or amenities the others don't, you can still price for it but emphasize it dramatically in the listing.

The real competition is not only below market value bank owned homes but developments that are selling brand new homes dirt cheap. That's a tough competition when you are dealing with new homes. Even if you home is built better, has better amenities and finished features, many buyers just simply want a new home. And builders want out of these homes almost as badly as the banks and are willing to set up quite a show for it too.

Having a staging company set up your home for success is really what attracts buyers. Tour some of the local showrooms and model homes and see how they set up a house for viewing. Remember, these are what your potential buyers are seeing. How does it compare with your home? If you can set up your home in a similar fashion, price it competitively and showcase the features new homes don't have, you are sure to have a sale soon.

Please don't hesitate to contact us anytime for staging tips, information on selling, pricing strategies and anything else Ardmore real estate.

REAL ESTATE NETWORK: For more information on selling see our Sierra Vista homes professionals in the Arizona area.