What to do with your Home in a down market
This market is worse in some areas of the country than others, but the overwhelming theme is HOW DO I SELL MY HOUSE? There are a few keys to selling your house in this market.
First, you need to be the best priced house on the block with the nicest things to look at. You can achieve this by stagging your home for sale, cleaning, painting or making bang for your buck repairs. An agent can be VERY helpful in telling you EXACTLY what buyers in this market are looking for. The fact is buyers have several options and all the time in the world to look. Your property has to be set apart from all the others in the area. If you want go look at the others houses for sale in your area see what they have to offer and one up them.
Today I talked with a lady that has her house For Sale for $245,000. The agent told her that there is not much of a chance it will sell for much over $185,000. There is nothing I could do to help her if she wants $60,000 more than the market can support for price. The fact here is that she is 2 months behind and needs to either do a loan modification, sell, rent, rent-to-own or sell to us!
Second, You can not be unrealistic with your wait time to sell. Right now it is taking 60-90 days to sell a home in this area. It is rare to see them sold in just a few days like we saw just 3 years ago.
Third, When people are interested in the home DO NOT TAKE THEM THROUGH one at a time. Make a group showing and have everyone show up within 5-10 minutes of each other. Phrase it like this "I will show you the house on Tuesday March 12th at 5:30P.M." Next person " I have a packed schedule on Tuesday March 12th so lets make it 5:35 P.M. please be there promptly. Follow up call to the first people "I have a packed schedule on Tuesday March 12th can we make that appointment for 5:30 P.M. sharp? Thank you. See you then remember your references and $35 application fee(WA state law says you can only charge an application. fee equal to what you will spend to do a credit, background, employment, rental, and criminal record check)
Fourth, Have several signs pointing to your house with your phone number on them. Put these signs at every entrance, leading into the property for 2 or 3 miles and make sure drivers can see them. Make them simple "Luxury Home For Sale 3 Bed/2 Bath 360-555-5555 and then a directional arrow! These work wonder for marketing!!
After all of this I still have NO luck selling what can I do? You have a few options you can hire a rental agency to rent out your house, you can rent out the house yourself (recommend speaking to an attorney before doing this), or you can fill out a form on our website www.webuyhouseswa.com and see how we can help!
I hope this helps a little for those people selling there homes out there! Good luck and feel free to contact me with questions, concerns or comments! Thanks for listening!


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