Tips To Sell Your Home Fast

By Author: Sharon Burns
Total Articles: 3
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Tips to Sell Your Home Fast

Before listing your home for sale, whether with a real estate agent or on your own, by following a few steps you can help ensure that you will be able to sell your home fast and potentially for more money in your bank.

The home seller should remember that when they are considering selling their home, they are selling a product. By merely placing the home for sale by owner (fsbo) or listing it with a real estate agent, they have skipped general product marketing steps (used by many businesses) and went directly to the store to wait for a buyer. Businesses would not even consider putting their product on the shelves of a local department or grocery store without first researching their competition, analyzing costs and profits, packaging that is attractive, and marketing correctly, so why as a home seller would you NOT do the same with your house when selling it?

The home owner selling the house needs to consider that they must prepare their product for sale. By following some basic product management steps such as researching the competitor(s), analyzing home sales price ...
... comparisons ("comps"), packaging the product to attract buyers(staging and marketing), and making the product as buyer friendly as possible(move in ready), then the seller can ensure that their home will stand out amongst all the other competitors on the market, thus helping to sell your home fast.

Some would also suggest that the seller follow these product management steps PRIOR to listing their home on the market. Once the seller places the home for sale on the market, it may attract more buyers initially since it is a new product, however as the home begins to linger on the market (ie. while the seller is still resarhing market pricing), it can begin to detract potential home buyers and real estate agents alike from even visiting the home. The mindset of these home buyers and real estate agents becomes one of there must be something wrong, if the home has been on the market for that long. This can be especially true if the home seller is planning to use the Multiple Listing Service (aka. MLS) to list their home, as the entry into this listing service provides a reference number (MLS#) that is given to the listing in the order of which it was placed in the listing service, thus providing buyers and real estate agents a method for determining the length of time the home has been listed on the real estate market.

Also consider that if the home seller has placed their home on the market before following these steps, such as simple pricing strategy research, the owner may also be under pricing or overpricing their product. If the seller of the house decides after realizing a new sales price to refresh their home sale listing, they may actually leave the home buyer in the advantageous position. The home buyer will now begin to believe that either the new lower price represents the desperation of the home seller and may be willing to reduce the price even more, the home buyer can see that the older lower price is what the home seller is really willing to accept.

In many cases the home seller can easily prepare their home for the real estate market with little or no money and in a very short time. For more tips and information visit HowtoSellMyHouseFast.net.