Some markets are better than others—and depending on time and circumstance, you may find yourself listing your home in a market that’s not especially favorable toward sellers.
This can be disheartening, especially if you list your home and just don’t get any takers. What are sellers supposed to do when the market is cold?
First things first: Don’t panic. Even in a bad market, it’s still possible to get your place sold. First, get the right data. The best way to sell a property is by having ample information at your disposal, and that’s something SOLD.com can provide you.
Selling When the Market is Cold
In addition, here are five tips to get your house sold even in a cold market.
- Make some improvements.
When supply outstrips demand, it’s more important than ever for your home to stand out from the competition. One way to do this is to invest in sprucing the place up—having your landscaping professionally done, your exteriors painted, or even your bathrooms remodeled.
- Get rid of the clutter.
The best way to sell a property is always to present it as clean and uncluttered as possible. That’s doubly important in a cold market. Again, you need to stand out—so why not stand out for your lack of mess?
- Offer some perks.
Another thing you can do is sweeten the deal—offering to pay closing costs or throwing in a small allowance for the buyer to make some home improvements of their own. This kind of generosity can really help attract buyers.
- Make sure it’s move-in ready.
Entice buyers with the promise of a home that’s all ready for them to move in. Do that by making sure any plumbing, electrical, or HVAC issues are addressed before you list the place.
- Be flexible on the price.
Knowing when to sell your house is essential, as timing can impact your sale price. But you don’t always have much control over when you sell, and if you need to sell in a bum market, you may need to bite the bullet and price it a bit lower than you would otherwise.
Find out more about when to sell your house—and how to thrive even in a cold market—by requesting your independent report from SOLD.com. Make sure to get your FREE report today!
