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- Best Time to Sell
- Should I Sell My Home First
- Selling In a Slow Market
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Slow Market
Question: How can I get a quick sale, particularly in a slow market?
Answer:One of the most important things to consider is price. You may want to
reduce the price of your home or, at the very beginning, set it at a low price
that will generate more buyer interest. Cash is often an incentive, both for the
buyer as well as the agent. You could offer the buyer a $1,000 to $2,000
decorating rebate upon closing the deal. It is also not uncommon to offer the
selling agent a $500 bonus. However, some brokers - who supervise agents and run
real estate offices - may prohibit such incentives, as do some Realtor boards.
Check to find out. Other common incentives: paying for the property inspection
and warranty policy and getting your home preliminarily approved for FHA and VA
loans, thereby making it more attractive to a larger number of buyers. Contact a
lender who writes FHA-insured and VA-guaranteed loans. |
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