Trying to sell your home in a slow market can be a process. Yes I know you are saying that it’s really slow right now and you dont know what else you can do. Well I thought I would give you a few things to keep in mind when trying to sell in a slow market.

Tip number # 1

Make sure you get a CMA or Comparative Market Analysis of properties that have sold in your area. Try to keep them as close as 1 mile radus. IF you stay in a area where comps are harder to find then you will have to go outside of this mile radus to find homes that are similar in age, type etc. What you are most likely looking at is the DOM.(Days on the Market)
This is very important because the DOM tells you how long properties where listed before they sold. Understand that if you are trying to sell your property and your home is on the top of the market and you have other homes that have simliar features and same square feet as yours and they are selling it for less. Then buyers might just pass your home up and go for the cheaper price.

Tip number# 2

Does your home have a web presents? Did you know that a lot of home buyers are searching the web to find their home. Think about it. If you are reading this right now that means you must have found this information online right? Well, buyers are doing the same thing and if your home is not present online then you are missing a lot of would be buyers who could be viewing your home right now as you read this. Make sure you have your home listed on sites that will really drive buyers to view your home.

Tip number #3

Don’t let your expectations get in the way of getting your home sold. I want you to realize that yes a few months ago you could sell for the asking price and have buyers knocking down your door with being able to go 100% fiancing. But, now you are going to have to be more realistic about pricing your home to sell. If you over price your home then it is a possiblity that you will have to decrease your price later to stand in line with what the medium price is going for in your area. Why not just start out pricing it correctly and getting it sold in the average time verse waiting around for 200 days trying to say that I know I can get my asking price. So be more realistic about what your expectations are. You just might be going up against banks who are lowering there price to get rid of inventory and if that is the case you want to make sure you price your home to sell.

Tip number #4

You could sell your home for a deep discount and allow investors to buy it. I know, you are saying why would I want to do that? Well, it really depends on what type of situation you are in right now. If you know you need to sell and you own your home free and clear or you have a little balance left its nothing wrong with allowing investors to look at your home. If you know that your home needs a lot of repairs and if you dont have the money or the time to do this you could sell at a discount to an investor who will normal like to buy it any where from 75%-65% below market value.

Tip number #5

Make sure you tell everyone you know that you home is for sale. Remember the more people that know that you are trying to sell your home the better it is. Sometimes network marketing can be some of the best marketing. Because you never you know you just might have friend or someone who is looking to move in your area and your home might just fit what they are looking for. So be sure to let them know or you could even might just get a few cards made up with the information about the home and the contact person and hand them out.

Well there you have it. I do wish you well on getting your home sold. Remember if you are in the Dallas area and you need assistant on getting your home sold. Feel Free to contact me and let me show you how I work. Happy Home Sales.

This article was written by:
Calvin Wright -Real Estate Consultant

For more information feel free to go to his website at:http://www.sellorbuyhomefast.com