Most real estate markets in the country are buyers markets, of course every market is different, but in most markets, it's a great time to buy a home. The first time home buyer tax credit has sparked a lot of interest in the market for new buyers, and they have gobbled up homes in the lower price ranges.

What about those people that want to get in on the great market, but can't seem to get their homes sold? If you ask around, most sellers are still trying to sell, and are getting frustrated. They have to compete with bank owned properties, foreclosures, and some of the highest inventory most markets have ever seen.  Selling a home in a buyer's market is tough to say the least, and it's also going to effect your pocket book.

 

 4 Tips To Sell Your Home Fast So You Can Be In The Buyers Market!



 

Drop The Price - You may not like this tip, but if you really want to get your home sold, consider it.  If you want to build your dream home, upgrade for more space, or you just want to buy a new home and your home isn't selling, Drop The Price.

If you have any room at all, or you can bring a little money to the closing table, drop the price. 

Here's Why:

• If you think about it, when you sell your home a little bit cheaper, you can recoup your losses when you buy. There are a lot of motivated sellers today, and chances are they are going to be willing to negotiate a lower price on their home to just get rid of it.
  
• If you want to build a new home, you may have a tougher time recuping your losses, but at least you will be able to build the home of your dreams, which may be all the motivation you need.
  

 

Hire A Real Estate Agent - If you are trying to sell your home on your own, it can be difficult, to say the least. Did you know that For Sell By Owners account for less then 10% of homes sold? Unless you know someone that is going to buy your home, it's extremely hard to sell by owner. There have been studies that also state by using a real estate agent you are going to get more money out of the deal anyways. Yeah, you have to pay a commission fee, but if your agent can get more money out of your home, that will make up for the cost of commission.

For Sell By Owner Did You Know?

• Buyers looking for FSBO's usually offer 6-10% less because they know you aren't paying a commission.
  
• A real estate agent has insurance for things that come up during a deal. If something goes bad in your deal, you are going to have to cover it out of pocket, mistakes in real estate are usually settled in court with attorney fees and fines. Don't take that chance.
• Most agent's won't show your FSBO home, which excludes you from 90% of the market, and most buyers that don't use agents, aren't qualified to buy a home anyways.
  

 

 

 

Hire A New Agent - Maybe you don't like what your agent is doing for you, or you feel they aren't working hard enough to get your home sold, if so, hire a new one. This can be tricky. When you sign a contract to list your home you are bound by the terms, but most agents that I know will let you out of the deal if you are not happy. Some agents aren't so forgiving, and they will hold you to the contract, if that is your agent, you will just have to wait out the contract.


Real Estate Agents Did You Know?

• 90% of a real estate markets sales are done by 10% of the agents. These agents are called "Top Producers," and for good reason. They work harder, and usually provide better service, which makes them the top producers in their market. If you aren't using a top producer, maybe you should hire one!
  
• Every agent is different. Some agents still believe that advertising your listing in the newspapers is all it takes to sell. That's a big problem as old school media and newspaper distribution is declining drastically.  You need a high tech, Internet savvy, hard working listing agent to get your home sold in today's real estate market.
  

 

Home Staging - If you went to buy a new car and you were presented with two choices, which car would you choose.

The car that has a litter box stinking up the interior, moldy seat covers, and little nic nacs all over the dashboard - OR - The car that is the same price, was recently detailed on the outside, carpets cleaned on the inside, and has that new car smell. 

It's the same with your home, people llike clean and shiny things, we are natuarlly attracted to beauty. Home staging makes your house stand out from the rest, and when it comes down to you or the other guy, if your home is staged well, it's going to be you.

Home Staging Facts:

• Staged homes sell faster then homes that aren't, which means money saved on mortgage payments, interest, and the headache of waiting for your home to sell.
  
• Yes home staging costs money, but you have to think of that money as an investment. Studies show that a staged home sells on average for 7% more then a non staged home. 

 

If you want to get into the buyers market, but you have to sell your home first, try these tips to get your home sold faster!

 

Lisa Udy

Immaculate Homes

Logan Utah Real Estate

Logan UT Homes

Lisa@LisaUdy.com

If you missed out on the first Utah home run grant for new construction homes, here is your chance to get in on the action.  Governor Herbert has just approved the new Home Run Grant 2. The grant is for new construction homes, or any new home that hasn't been lived in yet. The grant is available to Single individuals that make less than $75,000 a year, or to couples that make less than $150,000 a year.

The grant is for $4000, and there are just under 2000 available. The last grant was gone in about 4 months, and I wouldn't think this one would last to much longer

If you live in Logan Utah, and you are interested in the grant, I would love to help you get qualified. If you are out of state, I can send you some more information either through email or snail-mail. :)