How To Sell Your House In A Buyers Market

The housing market constantly fluctuates between being a vendor’s market to a buyer’s market.

Stand Out From The Crowd

You need to stand out in the marketplace. Turn any unique features of your property into major selling points. What makes your property different?Use these unique features in your online property descriptions and keywords (e.g.: Pool, solar panels, large block, DA etc).

Over 80% of buyers now use the internet as their first point of call for researching property. So get your description, photos & keywords just right.

Know The Comp’s

Research other homes for sale in your local area that are similar to yours.See what they have to offer. Find a list of comparable sales and talk to your agent about their local area knowledge. This will help you get your pricing right.

Having a good agent will help you take the emotion out of pricing your property.When there is low demand/high supply in the property market you have to be smarter with your marketing and realistic with your price.The last thing you want to do in a buyer’s market is overprice.

Stage Your Home

Most real estate agents agree that staging a home affects a buyer’s perception of the property & help them imagine how they would live in the home they are viewing.

The better your property looks and feels, the more money you are likely to get and the faster it will sell.Hiring professionals will give you the best results.

Harness the power of social media

Being sure to always tag the location, the neighbourhood, and a combination of other keywords that may attract potential buyers.

Be Flexible

Be flexible with negotiations and how your home is sold.Auctions can reduce the days on market and create a competitive environment, which often brings better prices for properties.Also be open to private sales and accepting expressions of interest prior to the auction.

Be flexible with your settlement terms if possible. This will attract more potential buyers and make your property easier to buy.

Keep negotiating

If you get offers that don’t meet your requirements,keep the lines of communication and negotiation open.These offers may well end up negotiating up to meet you with an offer that can work for you.

It is a good idea to sell before you buy

This way you will reduce your stress, and allow yourself plenty of time to sell your house at an acceptable price.

Please contact me for a free, no-obligation sales advice and planning session:

0447 555 870

Other popular real estate advice from Paul:

What to do if the sale of your home falls through

What should you do if your home passes in at auction

How to work through contingencies when selling your home

How to sell your home in a buyer’s market

Tips to make auction day a success

Real estate photography tips

What do you have to disclose when selling your home