| Selling a house quickly in the present real estate | | | | |
| market has become a very difficult task for home | | | | 2. Offer real estate sales agents a commission of 7% |
| sellers. Homes listed for sale stay on the market for | | | | if they bring a qualified buyer ready and able to |
| 90 days or more, even after the seller lowers the | | | | purchase the property at the asking price within a 30 |
| asking price. | | | | day period. Seven percent may sound like a lot but, if |
| The sub-prime and adjustable rate market has | | | | your home moves within 30 days, the commission is |
| created a domino effect within the housing industry. | | | | more than worth it in this market. The intent is to |
| More homes are being flooded into the pool of | | | | create motivation for buyer traffic. If an offer comes in |
| available housing inventory with declining values. This | | | | less than the asking price you can always negotiate |
| gives any prospective home buyer more options to | | | | the price as well as the commission since your terms |
| pick and choose what they will buy and more | | | | were not met initially. The point is to get offers moving |
| negotiation power to deal with sellers who may not be | | | | on your property. |
| in the best position to hold out for the price wanted for | | | | 3. Offer seller financing. If your property has substantial |
| the house due to an inability to continue to make | | | | equity and you can afford to carry a mortgage on a |
| payments that have adjusted too high or they are in | | | | portion of the property, then assist the buyer to buy |
| the midst of a foreclosure. | | | | the home with seller financing. This can be especially |
| It's a buyer's market and any seller wanting to quickly | | | | beneficial if, as the seller, you don't need all the money |
| sell a home cannot just rely on the old traditional | | | | right now. In addition, it can help with any taxes that |
| methods of listing a home for sale and having an open | | | | would have been paid had you received the money in |
| house and buyers then line up to purchase. | | | | a lump sum. This can also create an income stream |
| So what can a seller do to ensure the best and | | | | for the in the future. By offering seller financing it |
| quickest chance to sell a home and get the best | | | | expands the buying pool of possible buyers and can |
| price? Below are some untraditional methods that | | | | move the house much quicker. Of course, one must |
| should be considered and that have been bringing | | | | take precautions to ensure that the buyer is qualified |
| quick results. Note the emphasis is on non-traditional | | | | and will be able to make the monthly payments as |
| methods of sale. Sellers must get outside the box and | | | | they come due. |
| do things differently if they want better results. | | | | 4. Use government money to sell your home. There is |
| Remember Albert Einstein's definition of insanity "doing | | | | an abundance of free money available for first time |
| the same thing over and over again and expecting a | | | | home buyers through several federal, state and local |
| different result". | | | | government entities for down payment assistance. |
| 1. Stage the property. When a home looks like it is | | | | Check with your city's local housing administration |
| occupied and set up with appropriate furniture and etc., | | | | office. They often have a list or know of a list of |
| it makes the home much more appealing and | | | | buyers who have already been provided with down |
| motivates the prospective buyer to envision how the | | | | payment assistance certificates with values up to |
| home would look if they lived there. This makes the | | | | $50,000 or more. These are used in conjunction with |
| setting seem as if they are already in the home. It also | | | | local lenders who provide loans to these home buyers. |
| encourages an offer. If you can't stage it yourself | | | | If you are willing work with the agencies they can |
| there are professional stagers that are readily available | | | | provide you with a quick method of possibly selling |
| and can help you get the most out of the staging | | | | your home. |
| experience. The writer of this article has used stagers | | | | Down payment assistance programs can be the only |
| to assist in selling homes he purchased and sold. The | | | | medium needed to sell a home quickly if the seller is |
| most recent home stager helped him realize a profit of | | | | willing to cooperate with the government agency or |
| $61,000. Stagers in your area can be found by going to | | | | non-profit program providing service. |