In a booming real estate market, it can often feel like houses sell themselves. However, there are other times, especially during periods of quantitative tightening, that make it notoriously hard to sell houses.
Luckily, there are some ways that you can give yourself a better chance of finding a buyer in a tougher market. You may even be able to increase your house value by implementing these strategies in booming markets as well.
Work With a Real Estate Investor
One of the most surefire ways to ensure you get a sale in any market is to work with a real estate investor. Regardless of the economic climate, there are always players with big money who are looking to add more properties to their portfolios. Investors are typically happy to buy homes as they are, without you having to renovate or make any improvements beforehand.
Nowadays, this can all be done online. For instance, there’s the sell house fast page at WeBuyAnyHome, which explains how sellers can receive funds for their dwellings within a week. The process is quick and simple, with homeowners only having to fill in a few details to get a cash offer on their home. This is the best approach if you’re facing time constraints, but you may need to accept a lower offer than what you had been expecting.
Make Your Home Move-In Ready
In a slow housing market, you’re probably going to have fewer people coming to view your home than you would when real estate is booming. That means you need to make the place look as desirable as possible to tempt the people that come. It’s called getting the house move-in ready, meaning that there’s no work for the new owners to do before they settle.
Horton and Garton offers various tips for renovating your home before a sale, but stresses that the priorities are different from house to house. It’s important to attend to the most pressing needs first, such as repairing external brick work. Things like fresh paint and new carpeting can make a huge difference as well. It’s all about making the place feel spick and span, and letting prospective buyers imagine themselves living in the abode.
Enhance Your Home’s Curb Appeal
In the same way you need to make the inside of your house look amazing for potential buyers when they come to look around, you should do everything you can to boost your home’s curb appeal. This is what makes it stand out when people drive past, and could help get more people in for viewings.
The front garden is a good place to start. Using tips from magazines like Gardeners’ World, you can get some great ideas for making a luscious outdoor space. This will draw people’s attention straight away, and then they may be interested in observing your house in more detail.
If the housing market is slow, it doesn’t mean that your chances of selling are gone. All you have to do is follow a few simple rules, and you can still get sales in even the toughest conditions.
