Trouble Selling? Sweeten the Deal
If you’re having trouble landing a buyer for your home, maybe you need better bait. Crafty home sellers know incentives are the prize at the bottom of the box. By offering buyers something a little different, they can improve their chances of selling their homes quickly and for the price they want.
Here are just a few of the ways home sellers can sweeten the deal with extras:
Cover the buyer’s closing costs
Many buyers, preoccupied with saving enough cash for their down payment, overlook their closing costs which, at between 3 and 6 percent of the sale price, can amount to several thousand dollars extra. Offering to pay them on behalf of potential buyers may be just the push they need to close the deal.
5 Ways to market your home online
Trulia.com offers some great home selling guides including “Five ways to use the internet to market your home”.
When you talk to friends and family about selling your home, many will give you the suggestion that to sell your home all you need to do is “put it on the internet.”They may be right. As over 80% of buyers today begin their home search online, if you are serious about selling, using the internet as a marketing tool is a smart choice.
Read the entire article “Five ways to use the internet to market your home”…
Selling one, buying another
In a perfect world, you sell your old home and buy the new one on the same day. Given that things rarely turn out perfectly, here are some things to keep in mind as you work to negotiate the sale of one house with the purchase of another.
Time it right
Fall and spring are the best times for homes to move and you want to consider the season of the year when buying and selling. And if the closing dates aren’t going to coincide, a gap rather than two mortgages is the better. Its easier and usually cheaper to find temporary housing than juggle two mortgages.
Selling first
Selling your home before buying a new one minimizes financial hazards. Even if you have to find temporary housing, its generally cheaper than two mortgages. Get an appraisal first thing off the bat. That way you’ll have a good idea how the sale of your home will effect your purchasing power on the new one. This will help keep you from over extending your mortgage abilities.