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Whether you like it or not, the real estate market has ground to a slow trot. Selling a home can be difficult and requires you to return to the time-tested basics of selling a home. Here are some keys to remember and use. 1. Make your home available. It would probably help to just accept that your home is in the public domain from 9 A.M until 9 P.M. daily until it's sold. 2. Buyers are always going to offer less than the asking price, so make sure to list a sales price that is higher than what you want. This gives you wiggle room to negotiate and avoids a situation where you are trapped by your initial asking price. 3. When you decide to sell your home, giving the kitchen the once over is a good first step. Kitchens are unique in our daily lives. For some reason, we always seem to congregate there. Buyers know this and will be focusing on the condition of yours. 4. Whether buying or selling real estate, it helps to be flexible when it comes to negotiation. One mistake for sale by owners make is to pick a fixed position. If there is a roadblock in negotiations, try to think outside of the box to solve it. 5. When it comes to selling your home, your driveway tells potential buyers a lot about your property.If it has cracks and nasty oil stains, it is a blight on your property. Make sure to clean it thoroughly and repair all cracks. 6. Many people try to sell real estate with an “as is” qualifier. The idea is this protects them from any claims the failed to disclose problems with the property. This assumption is incorrect. If you sell a home with problems, you must disclose them. 7. You want to put your home on the market and want to be sure it will "show well." What do you do? Clean, clean clean! No home ever failed to sell because it was too clean. Pare down and organize what's in closets, garage, kitchen, and laundry. 8. Most states require real estate contracts to be in writing to be enforceable. The buyer invests time and thought in the process of committing his offer to paper. When you receive his written offer, you know ALL the items the buyer is trying to "nibble" from you. 9. The true price of a home is the market price. The market price is not the asking price, the appraised price and so on. It is what the seller and buyer agree it is. If you are selling, do not hamstring yourself with anything other than that. 10. Many people ask escrow officers for advice or help. Don’t expect any! Escrow companies are supposed to be neutral third parties. They handle the paperwork, not negotiations or problems. The funny thing about the real estate market is it is always active. If you listen to the news, you would swear not a single home was being sold these days. In truth, hundreds of thousands of them are and yours will be next if you follow the above advice.
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