Category: Finance, Real Estate.
Selling a home fast in a competitive market can be a huge task, mainly if you have a deadline to meet. The whole exercise can be a drawn out drama and a long process of haggling, inconvenience and many of fees and commissions.
The difficulties in selling a house in a competitive market is that potential buyers have a lot more houses to choose from and therefore will shop for the best home that their money can buy. If you have tried to sell your house using the traditional methods but have not had any success, it can be very frustrating to not to be able to move on. In order to sell your home fast, you need to treat your home as any other product. As with anything, selling a house in a competitive market means distinguishing your self from the rest. The trick is to ensure that your home stands out from the rest and this means an excellent presentation of your house. When potential buyers come to view your house, first impressions really do count.
The expression of" first impressions last" holds true more here than many other situations. A buyer will assess the appearance of a house as soon as they enter the outside gate. Follow the well- maintained theme through to the rest of the house. So it is important to have a well- maintained garden, which provides the first impressions. Once your house is in a presentable condition, you need to take step 2 of the process. A seller recently used this unique strategy where he needed to sell his home quickly. This is a fascinating way to get your house sold fast and is a technique that has been tried and tested by some people who were driven to desperation from not achieving a house sale.
The seller, was also desperate, although skeptical to get his house sold. The seller placed an advert in the local newspaper offering the apartment to be sold at$ 29, 000, or to the highest bidder within 5 days of the advert posting. To start the sale process, the idea was to advertise an apartment worth$ 59, 000 for approximately 50% of its true value. In the following days, the phones started ringing and it never really stopped. The seller invited all the potential buyers to a weekend open house He prepared an information pack and presented everyone with all the necessary information that a prospective buyer would need. Potential buyers lined up to view the apartment and unbelievably, within 5 days there were 100 potential buyers to bid for the property.
The apartment had essentially turned into an auction house with more than 100 people participating. Not only did he sell his house at the desired price, but he also managed to sell it in just 5 days. The seller had received bids ranging from 1 cent to$ 50, 00 As the bidding closing time approached, the last round of bidding was conducted over the phone and the seller had his house sold at the price he wanted. This technique works from the traditional psychology where people think they are getting a bargain and as in this case, end up bidding closer to the actual price desired by the seller. The technique takes some courage to try, but the fact that it has been proven to work, it is definitely something to try to get your house sold fast.
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