Updated: Oct 15, 2019
Selling a home in a slower market can be like playing a tough waiting game. However, for sellers that wish to make a deal and negotiate quickly, there are some ways to increase your offers and to close quickly-- even if the market isn't too hot. If you're having a hard time selling your home, try these 4 ideas to improve buyer interest and bring in offers.
Select a real estate professional with strong marketing abilities
In a sluggish market, choosing the right realtor could make or break a sale. When there just aren't many potential buyers seeking out homes, you'll need to make a solid case for why your home is a perfect choice. This means you will need an excellent advertising and marketing campaign. Try to find a real estate professional that tends to outsell other agents and set up an appointment. The ideal agent can execute an excellent marketing plan that will reach potential buyers from all over.
Invest in your curb appeal and great staging
In a slower market, you need to provide as much value as you can-- which means making your home look outstanding. A fresh coat of paint can do wonders, while professional staging can make your home much more appealing to buyers. You can promptly boost your curb appeal by painting your front door, installing or replacing some outdoor lighting, or adding exterior art like birdbaths or sculptures.
Price your home accordingly
Obviously you want to obtain the highest possible price you can for your home, but remember that in a slow-moving market, there's a limit to just how much you can reasonably ask for. Overpriced homes have a tendency to sit on the market for a long time, so chat with your real estate professional to see whether your home is overpriced. Ideally, your home ought to be around the average figure of what's considered a fair market price.
No immediate interest? Cut the price sooner rather than later!
Even if you have done every little thing right, you might not see much immediate interest in your home-- and if that holds true, you'll want to resolve the problem earlier as opposed to later on. The longer a home remains on the market, the less likely it is to sell, as buyers may begin to assume there's something wrong with the house. If you're coming up on the typical sale time with no offers, talk with your agent about reducing the price.
Selling your home in a slower market isn't necessarily easy, but it is still possible. With the right approach, you can generate offers and find a buyer. Reach out to your local real estate professional to get more information about selling your home.