Selling a House In a Down Market

In today's depressed real estate market it is nobrokerage. Make a deal with your listing broker to
longer good enough to just call your local Realtorpay 6% commission for a co brokered sale but
to list your home and wait for the offers toonly 5% for a sale where both sides are going to
come streaming in. Unless the sellers of the homethe same agent.
are in a situation where it it not vital that you getReal Estate Agents
a sale then they must be prepared to doInterview at least 3 Realtors before you give
whatever needs to be done to ensure a timelyyour home to one to list. The reality of home
sale of their House and allow the owners to moveselling is that regardless of price or condition if
on with their lives.your home is not marketed it will not sell.
Research of Homes for SaleFollow these tips when choosing a realtor:
Call three local Realtors and ask them to prepareOnly employ a full time real estate professional. A
a CMA (comparative market analysis) of yourpart time realtor will most likely have a full time
home and to give you a listing price that willjob that takes most of their energy. Calls about
ensure a fast sale for your home in the presentyour home during their day job will go to an
real estate market.answering service and they will not be available to
Visit open houses in your location and compareshow your home at short notice.
these homes to your own to access a marketMake a balanced decision between a very busy
value for your house.real estate agent with a lot of listings and an
Prepare your home for a showingeager (hungry) broker with fewer listings. Some
Without spending a lot of money you shouldbrokers specialize in listing homes for sale and feel
make sure that your home is in optimum sellingthat their work is done once you have signed an
condition by following these tip'sexclusive agreement and the home is listed on
Remove clutter by getting rid of things you don'tthe local MLS.
want and arrange storage for things you want toAsk your broker will they be showing the home
keep.personally, will they be doing open houses
* Paint gaudy colors with neutral colorspersonally, are they willing to avidly co broke your
* Clean and clean again till your surfaces sparklehome sale, are they going to advertise your
* Finish off unfinished DIY projectshome and open houses in paid formats like
* Clean and re-grout tile surfacesnewspapers.
* Cut the lawn and remove weeds, leaves andRemember some brokers like to get both sides
other garbage from the gardenof the commission and are reluctant to show
* Ensure that trash is neatly organizedhomes to other Realtors.
* Ensure that odors are banished with properCall prospective Realtors at unusual times and see
ventilation and air fresheners or candles orif they actually answer their phone and if not how
scented oilslong does it take to get back to you. The last
Selling Pricething you need to do is to sign an exclusive listing
If you do not price your home competitivelywith a realtor who does not answer his/her phone
against other homes it will not sell. It is far betteror return calls.
to have a professional realtor with expertise inGet Involved in The Selling Process
your area price your home to sell fast than toDon't make the mistake of listing you home with
over price it and have continual price reductions.a broker and waiting.
Most people will not revisit your home after a* Post it on Craigslist and give your agents
price reduction it is better to entice them tocontact details.
make and offer on a first visit by pricing correctly* Post your house on any other free format
Commissionavailable in your area with your agents contact
When listing your home on the MLS offer topdetails
selling commission to co brokers who bring buyers* Post it in supermarket or anywhere that allows
to view your home. It may not sound ethical butyou to post.
some Realtors are unwilling to bring their buyers* Be available to show your home yourself if your
to homes who offer low seller commission. Theagent cannot facilitate a short notice showing.
national average commission is 5% which is splitFollow these simple tips about selling your home
between the listing brokerage and the sellingand it will be an enjoyable and fun process.