11. Offer a Home Warranty
When consumers make big purchases, they like to receivea warranty, and a home purchase is no exception. Home warranties can be purchased for anywhere between $350-$1,000 depending on what they cover. If you offer a home warranty you are offering a sense of security to the prospective home buyer which can go a long way towards them making the decision to buy your home. A lot of home warranties also cover you while you are in the process of selling your home. You never know when something might malfunction.
12. Offer Other Incentives
Home Warranties aren't the only incentives you can offer to buyers. You can also make your home more attractive by offering to pay association fees for the first year or by agreeing to make the buyer's first two mortgage payments. Make sure to check out your local laws, because there are restriction on these incentives in certain markets.
13. Market your property
If you have hired an agent they are probably handling the marketing for you, but if you are selling "By Owner" you need to get the word out that your home is for sale. The first thing you need to do is get a proffesional For Sale sign to place in your front yard and make sure to write your number in large readable print so someone can see it from the street. You also should look into advertising on the web or in your local paper to increase the exposure of your home. There are many dfferent websites you can advertise on ranging from completely free like www.freehls.com to up to $500. Review what the websites offer so you can make an informed decision on which one(s) are right for you. There are links on this page to some of those sites.
Advertise your home for free on the Free Home Listing Service by clicking here.
14. Don't be Afraid to Negotiate
The housing market is very competitive in most areas. This means that buyers will be less willing to pay you the full asking price. Don't be afraid to negotiate with potential buyers. If you both give just a little, you might be able to sell your home quickly and for a decent price.
15. Offer a Lease Option to Purchase
If time runs out and you need to move offering a lease option might be an effecitve way for you to keep from making two house payments. If you offer a lease with option to buy you will attract more buyers. There are downsides to this arrangement like not being able to pull all of the equity out of your home now, and the tenant doesn't always follow through with the final purchase which means you need to market your home again at a later date. This can be an effective way to sell your home, but can create issues as well so we recomend you talk to an attorney or at least a licensed real estate proffessional before entering into this type of agreement.
* These tips are offered purely as suggestions or ideas. These should not be taken as expert or legal advice. If you have questions or concerns you should always talk to an attorney or real estate proffessional before taking any action. |