Selling in a Slow Market
Selling in a slow market may require extra effort. Few things are more frustrating than trying to sell your home in a slow market. Month after month after month with no offers. Your life is on hold.
What can you do?
Drop your price. Change real estate agents. Offer agents an incentive to sell your house. Make your house especially attractive. Each of these options will help, but none is easy.
Dropping the price is usually the most effective way to sell a house, albeit the most painful. The one thing that is critical in this market is price, price, price. If you need a quick sale, many suggest listing your home 5 to 10 percent below the competition. Aside from price, the next most important factor in the sale of your home is the real estate agent. When you sign up an agent, start with a 90 day listing. That way, if you're not satisfied, you can try someone else after your listing agreement expires. Another idea might be to offer a financial incentive. See what commission your competition is offering and increase your commission by another 1 percent with the extra one percent going to the selling agent. Higher commissions may not sell the house, but it will definitely convince agents to show it more frequently.
Finally, do whatever it takes to make your home more attractive than the competition. It takes a lot of work to sell a house in a slow market. But putting in the effort is better than waiting for a sale that never comes.

What can you do?
Drop your price. Change real estate agents. Offer agents an incentive to sell your house. Make your house especially attractive. Each of these options will help, but none is easy.
Dropping the price is usually the most effective way to sell a house, albeit the most painful. The one thing that is critical in this market is price, price, price. If you need a quick sale, many suggest listing your home 5 to 10 percent below the competition. Aside from price, the next most important factor in the sale of your home is the real estate agent. When you sign up an agent, start with a 90 day listing. That way, if you're not satisfied, you can try someone else after your listing agreement expires. Another idea might be to offer a financial incentive. See what commission your competition is offering and increase your commission by another 1 percent with the extra one percent going to the selling agent. Higher commissions may not sell the house, but it will definitely convince agents to show it more frequently.
Finally, do whatever it takes to make your home more attractive than the competition. It takes a lot of work to sell a house in a slow market. But putting in the effort is better than waiting for a sale that never comes.





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