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Although home
appreciation has leveled
off in some markets,
sellers can still get
good prices for their
homes. The sale may take
a bit longer, but a
little creativity can
help sellers move homes
without having to drop
the price.
The professionals at
First Team Georgia
Realty offer the
following suggestions
for sellers who want to
speed the process:
Price Your Home
According to the Current
Market. Just
because a house
comparable to yours sold
for a very high price
last year does not mean
you will be able to
realize the same price
when selling your home
now. Work with a
full-service real estate
professional to
determine the
appropriate, competitive
listing price for your
home. Remember that in
this market, your sales
associate may encourage
a list price in
accordance with others
currently on the market,
rather than those
previously sold.
Be Thankful for
Appreciation.
While price appreciation
has slowed in some
markets in 2007, it is
important to look
realistically at the
financial gains you have
made over the years you
have owned your home.
According to the
National Association of
REALTORS®,
over the last six years
the median sales price
of a single-family
existing home in the
U.S. appreciated 7.6
percent annually.
Make Your Home
More Marketable.
When a buyer
sees your house for the
first time, a critical
first impression is
made. If applicable,
maximize curb appeal by
trimming trees and
planting flowers. A
fresh exterior coat of
paint might also prove
valuable. Consider
neutral colors for
interior walls and
carpets. Dark colors on
walls, along with
unnecessary clutter,
make rooms look smaller.
Offer a
“Seller’s Contribution.”
A seller can
sweeten the deal by
offering assistance to
the buyer in ways that
do not require lowering
the asking price. These
tactics can help your
home to stand out from
the crowd. For example:
· Offer to buy down the
interest rate on the
buyer’s mortgage.
·
Offer to pay a portion
of the closing costs.
· Cover the buyer’s
mortgage payments for up
to the first six months.
Depending upon the size
of the mortgage, the
buyer can save several
thousand dollars and the
seller still gets the
original asking price
for the home. It is
generally more
financially advantageous
to do this than dropping
the asking price by
$30-, $20- or even just
$10,000.
· Many condos and houses
across the country
belong to homeowners’
associations that
require annual dues.
Paying the first year’s
fees could be a big
incentive to a buyer
nearing the limit of his
or her liquid assets.
· Offer to pay off a
buyer’s bills. According
to Realty Times,
some loan programs allow
sellers to pay off the
credit card debt or auto
loans of the buyer which
will help him or her
qualify for a better
mortgage and prevent the
need to buy a smaller,
less expensive house.
Don’t Worry.
Properly priced
homes that stand out
from the competition are
selling and demand for
homes is still at
historical highs. Speak
to your First Team
Georgia Realty sales
associate to find out
how long an
appropriately priced
home is expected to
remain on the market in
your area. |

First
Team Georgia Realty
Home Seller Resources...
Selling In A Buyers Market
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Home Improvement Ideas
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Seller Tips
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Looking Through Buyers Eyes
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