Friday, August 04, 2006

How to Get the Most from a Cooling Market

How to Get the Most from a Cooling Market
Daily Real Estate News ~ August 2, 2006

A drop-off in buyer demand and rising home inventories has made putting a house on the market trickier for home owners whose properties appreciated during the boom and who hope to retain their gains, says a new report on RealEstateJournal.com, The Wall Street Journal's guide to property.

RealEstateJournal.com offers these tips for selling a home in a cooling market:

1. Size up the playing field. Study your local market and investigate other homes for sale, local asking prices and what buyers are paying.

2. Price competitively. If a home is overpriced, a buyer will dismiss it and move on to the next one. Price a residence just below what the market will bear.

3. Do your legwork. Use the Internet and networking to locate a buyer.

4. Don't delay. Point out to a seller that even if an offer isn’t all he had hoped, taking it instead of waiting for a better deal can save money in the long run.

5. Negotiate. Offer concessions to potential buyers, such as making minor fixes. Small expenditures speed a sale and, ultimately, preserve price gains.

6. Play up a home's assets. Impress buyers with a repainted interior, clean closets, nice landscaping and an orderly garage.

Source: RealEstateJournal.com (08/01/2006)

If you are thinking about selling your home and want a Real Estae Agent who will help you get all the value out of your property, call Laura Boyajian, aka, Laura B. directly today at 602.400.0008. You will not be disappointed.

You may also visit here website at:

http://www.historiccentralphoenix.com

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