Staying Up on Housing Market News is Vital for Sellers

Rupert Murdoch is on my driveway
Creative Commons License photo credit: kevindooley

If you’re trying to sell your home, you already know that now is really not a good time. That’s largely because there are so many houses already on the market, but it’s also because the prices of housing aren’t what they used to be. If you’re having a lot of trouble getting your house sold, you’re going to have to focus on the price, and also on something that will make your home stand out. In other words, you can’t just do everything like everyone else and hope that buyers pick your home. They might not even notice it, if it doesn’t stand out in the crowd.

When it comes to pricing, you have to be careful. If you price too high, no one will be interested. If you choose too low of a price, people will think that there’s something wrong with your house. Having a mortgage can also severely restrict the price you can charge when you’re trying to sell your home. You need to get enough for it to pay the mortgage off, unless your bank will allow you to do a short sale. If you look for trends in the housing market, you may be able to make other adjustments to your house that aren’t about price but that will still get buyers interested.

In other words, see what you can do in order to compete with others who are selling homes in your area. Do you have something they don’t? Make sure your real estate agent knows it and puts it in the listing. Make sure he or she is telling buyers about it. It just might be enough to get a person interested in your home instead of the home next door, across the street, or on the next block.Staying Up on Housing Market News is Vital for Sellers