CNN addressed this issue with some tips for selling your old home. They also suggest taking out loans to help with the expense, but be careful when borrowing more money, to pay debt. What you can do that will only help you in the long run, is to be as aggressive as possible when selling your home. Find a Realtor who will not only work to sell your home, but will find creative ways to advertise, and garner traffic. Be willing to host Broker’s open houses-inviting Brokers in your area to tour your home with lunch. Take out ads in your local and neighborhood newspapers, but also in your local church bulletins. The article suggests sharply lowering the price (which always sparks attention), or hiring a staging company to make the home inviting to buyers. With market times at an all time high, your home has to grab the attention of buyers.
Be sure to use the slow market to your advantage when purchasing a new home as well. Bargain for help with costs, ask to hold the home under contract contingent upon the sale of your home, and be a strong negotiator with price.
Great advice for agents and clients. Staying creative is a great example explained by the author. What happens when your selling a home and the buyer is asking for financial help that will kill your bottom line.
Posted by: DRichmond | September 20, 2007 1:24 PM | Permalink to Comment