Selling in a Sluggish Market

Try offering a home warranty, and a year of lawn maintenance service.

Sell House Fast – New Orleans LA: The real estate is currently very sluggish. Homes are not selling in the usual robust manner that they were a decade ago when the economy was very different. Foreclosures, short sales, and those selling before foreclosure catches up with them is making it difficult for the average homeowner to sell these days. The homeowners that need to sell in desperate situations are selling at below market value, banks are auctioning off property at a fraction of the value, and the homeowners that need to get out in a hurry are also selling to investors at below market value.

What is the answer if you are one of those sellers that just need to sell because you are moving, or perhaps your family has outgrown the house you are currently living in. Older Americans are trying to sell for their usual reasons. The family has grown up and they no longer need or want that 4 bedroom home in the family neighborhood.Waiting may be the best option if you don’t have to sell right away. Another option may be to go ahead and move closer to the grandchildren but rent out your house to continue getting cash flow from it and paying down the mortgage further until you feel that the market has improved.

“Houses that sell with the offer of a year of yard service or pool cleaning should be a clue to you that you should also offer that.”

If your mortgage is already paid off, this could be a great option as you’d have the rent money to use for your new house, while holding on to your current house until the equity builds back up to a reasonable place. If you are in the position of selling and have no choice, you will need to aggressively study what is selling in your area and try to copy that model. Do what already works, in other words. If houses that are priced at 5% below current market value are selling, then price your house in that way, too. Houses that sell with the offer of a year of yard service or pool cleaning should be a clue to you that you should also offer that.

Where you must be even more diligent about getting the house sold, you should consider offering not only the bonuses that are commonly selling houses, but perhaps adding something even more on top of that. Try offering a home warranty AND a year of lawn maintenance service and you may just blow your competition away for a few hundred dollars.

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