4 Tips for selling your home in a down market

A down market is one when there are many people selling houses. As such the prices of these homes will be low and it is normally difficult for one to land a buyer easily.  When there is a down market, properties will sit on the market for a much longer time and they will fetch lower prices when they sell. Whether you can find a client who will be buying a house with cash or in check, there are some tips that can help you find these clients. Here are 4 such tips to help you sell your home in a down market:

 

  • Price your home right

What this means is that you have to make concessions on price. You have to quote a price that is a bit low considering that there are many foreclosures and many homes on sale. Undercutting the market prices means one has to do research on what some comparable homes are selling for.

You may not for sure compete with the homes in foreclosure but once you get the price right, you will be competitive. You will definitely have more action compared to the sellers who have not priced their homes low. You can research on Zillow or you can find an agent who will help you to find the right price for your home. Agents are more suited in giving comparative prices for homes.

  • Work on your home curb appeal

When you can’t compete on price with the other sellers, one aspect that could give you a boost is the curb appeal of your home. Work on the home exterior looks so that more buyers can be appealed by it. Spruce up your plants and get your home washed to look smarter than all the others down the block.

Remember that Jersey City NJ cash house buyers have plenty of options and the moment your home appearance is lackluster, be sure the potential buyers will overlook your home.

  • Come up with a marketing plan

Marketing simply means advertising your home to give it more visibility. With regard to advertising, there are various ways you can do this. Get to know your target market first so that you can put the advert in the right forum.

Put the advert in print media as well as in the online portals and social media platforms. Niche publications would help you to market your house to lawyers, doctors, and other high earning professionals.

Single-storied new jersey houses for sale can be marketed to senior citizens who do not prefer stairs. There are magazines and spaces that target these people. The idea is to market your home to the most feasible group of people.

  • Offer bonuses or incentivesbonus

You can give your potential buyers incentives or bonuses to entice them to buy your home. You can also offer to pay some costs such as attorney’s fees, closing costs, association fees and such kind of incentives. Most of the new house buyers in West New York would be interested in homes that have such kind of offers. Be a savvy seller! Make the buyers choose your home over the others.

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Estefania Castaneda
Estefania Castaneda
17:24 04 Sep 21
Extremely pleasant, attentive to all my needs always. It was a pleasure renting an apartment from Ken.
Vichai Soysouvanh
Vichai Soysouvanh
14:17 03 Sep 21
Can't say enough about Ken and his team. This was the most seamless sale I made. I didn't have to deal with all the... nonsense that comes with selling your home. They bought my house as is, I didn't have to declutter and pay a broker commission. All in all great experience, will do business again.read more
Niki Keser
Niki Keser
17:46 06 Aug 21
I had a wonderful experience renting one of their properties for 7 months. The apartment was beautifully remodeled and... Ken and his team were always responsive to any needs. I would recommend to anyone looking to sell or rent.read more
YASMINA VASQUEZ
YASMINA VASQUEZ
15:13 02 Aug 21
Ken and his team were professionals ,they promised and they delivered or anything
Alfredo Garcia
Alfredo Garcia
03:20 17 Jun 21
Selling my property too Ken was the best thing I did. Although I was skeptical at first I soon found out how... professional he was. Even though my closing contract was not standard because of the pendemic situation. He followed through on time with all the contract terms as promised. Thank you Ken for your professionalism.Alfredo Gread more
Vishrut Patel
Vishrut Patel
23:27 19 May 21
Ken was referred to us by someone who had sold their home thru Ken last year. From the first meeting to the last... transaction, Ken and his team were professional, efficient, easy to work with, and above all.... caring. Each seller's situation is different, and Ken truly understands that. We were treated with respect each time.Since we were in a time crunch situation, selling our home with a cash offer from Ken was the best decision we could have made. We were perfectly okay with getting slightly less money for our home as compared to selling it via an agent. But if you consider the money saved on agent commissions (both buyers and sellers), closing costs, repair costs, attorney fees, and most important of all... time and headache, you can't beat the option to sell your home with a guaranteed cash offer from a reputable buyer like Ken.My wife and I were very pleased with our experience with Ken. If you are in the market to sell your home fast for a cash offer, I highly recommend giving Ken a call!Best of luck!Vishread more
Christopher Martino
Christopher Martino
14:19 10 Mar 21
Ken and his team were great. They were easy to work with, professional, and responsive. If you are thinking of selling... your home they offer a super easy process.read more
Chelsea Grant
Chelsea Grant
15:36 03 Jan 21
I am a travel nurse and stayed in a town home for 3 months... It was exactly as described and any issue that came about... was handled within a few hours - I would definitely recommend and I would definitely stay again!read more
Aaron Zachko
Aaron Zachko
12:41 14 Aug 20
Amazing experience! Ken was upfront, quick and got the deal done in no time. Having done a number of real estate... transactions this was by far the easiest and smoothest. I would unconditionally recommend him to anyone looking for an easy, quick and fair transaction.read more
Joseph Tricarico
Joseph Tricarico
19:10 26 Mar 20
Ken is a very professional individual from start to finish. As promised, he gave me a fair deal on my one of my... properties that was in rough shape. He was knowledgeable and responsive to my requests and as promised we didn't need to waste time with inspections and appraisals and we closed quickly. He made it painless as possible by having his crew handle the clean up. This was truly a quick and easy process but a professional individual. Thanks Ken!read more
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