Selling in a seller’s market is generally quick and easy. In a buyer’s market, with an abundance of properties sitting idle, you may want to do some hard work to help sell your home.
There are a number of things you can do to improve your chances for making a sale. These include:
- Understand the local market and your competition
- Price your home right (and conservatively)
- Make sure your home is ready to be shown at all times (consider using a professional home stager who can help show off the best features of every room in your house)
- Be accommodating to realtor’s/prospective buyer’s schedules (think of every showing as the one that could get you the sale)
- Be flexible with your terms (offer an extended closing date or lower your asking price)
- Be patient (and stay positive)
- If you get an offer early on, give it serious consideration because a better offer may not come along
Multiple offers
In a seller’s market, with fewer homes available to purchase and more buyers looking, you’re more likely to get several offers on your home.
Here are some things you can do to help increase your likelihood for getting multiple offers:
- Keep your home clean, clutter-free, presentable and ready to show (hire a professional stager if you can – see above)
- Consider pricing your home slightly below its fair market value
- Make sure your home has sufficient market exposure (i.e. list on the Multiple Listing Service (MLS), create print materials, such as flyers or postcards with key selling points and a professional quality photo of your home, post on social media, consider newspaper/magazine ads, list on other real estate listing web sites and your agency’s company web site)
- Be ready to show your house on demand (with no appointment necessary)
Related Articles
Understanding Real Estate Housing Market
Tips on Buying a Home in Different Housing Market
Contact your real estate agent for more tips to help you sell your current home or buy a new one in any type of housing market. Say's Raj Sharma | Real Estate Broker | Brampton Real Estate
Not intended to solicit properties currently listed for sale or individuals currently under contract with a Brokerage.
Information is deemed to be correct but not guaranteed.
Real Estate Blog | Brampton Real Estate | Real Estate Agent | Raj Sharma |Best Realtor | Best Real Estate Agent | Brampton
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