It is time to sell your property. But how can you sell your home for a reasonable price (and get to you) when banks are dumping all these foreclosures at rock-bottom prices just to keep them with books? So the solution to this problem can vary significantly from one neighborhood to the next, but a little common sense ideas can help.
Most banks are selling the property needs some work. Many of them have a substantial amount of repair. They are either abandoned or the previous owner was removed by eviction after foreclosure, so these homes are on the move, the state is ready. Your home, on the other hand, is probably ready to be moved in immediately after closing. There are no or very few repairs needed. This fact should be emphasized in marketing homes.
There are always bargain hunters looking for the best deal on the market and willing to put a lot of sweat equity in the property. It is the buyer should be targeting with their advertising. There are tons of potential home buyers out there that want to close on Friday afternoon, move-in on Saturday morning and return to work Monday morning with their normal routine. They are not interested in dealing with home remodeling. Their lives are already too busy. These are the types of customers you should be trying to attract to your property.
Maintain the basis of their assets a little better than normal, while it on the market. Simply means cutting grass and picking up all the dirt in the courtyard every Friday afternoon, for example. So your home as a fresh look for one weekend home buyers. If the outside of the home should be a fresh coat of paint, do it. If you can not afford to hire a professional, do it yourself. Most people can paint outside the average home over the weekend and curb appeal makes a huge difference. Potential buyers have to like the look of your property as you are driving before they would consider seeing the inside.
offer home warranty. This May not seem like a big deal for you, but many first-time home buyers are concerned with spending all their money on the down payment and closing costs, and then moving into the property and has an immediate unforeseen repair is required. Many home warranty only cost a few hundred bucks and can be paid for from the proceeds of its sale to closing.
If you do not need capital from the property immediately advertise the owner carry-back second mortgage. This will give your property greater exposure in the market. Just be sure the first mortgage, they get from the bank, enough to cover the repayment of current loans at closing. sign in the front yard saying "The owner can assist in financing - Open House Saturday" will usually bring the load ready and willing prospect over the weekend. It is not uncommon for many buyers to the class "A" customers who do not need or want to carry back a second mortgage. They are attracted to property because of all the confusion.
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