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    What Can You Do To Sell A House In A Down Market?

    3 years ago I 0 minutes read I 143 Views

    Renee Tulliani
    <p style="text-align: justify;"><span style="font-size: 11pt; line-height: 15.6933px; font-family: verdana, geneva, sans-serif;">Do not be discouraged if you find yourself in a downtrodden market and ready to sell. Remember, in real estate if you sell high you are often <a href="https://yourdealty.com/buy">buying</a> high as well! If you are selling in a down market, you are also open to opportunities of buying something else that you may have never considered or been able to afford in a peak market. One such prime opportunity exists in the form of attractive housing mortgage rates which are currently at 2.8% - an all-time lowest record since 1971. Rental properties are equivocally undergoing a similar trend. Thus, buying and renting properties has never been more financially viable.&nbsp;</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;"><img style="display: block; margin-left: auto; margin-right: auto;" src="//s3-us-east-2.amazonaws.com/dealty-prod/uploads/files/000/003/840/original/53.png?1601032626" alt="" width="487" height="184" /></span></p>
    <p style="text-align: justify;">&nbsp;</p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Data Source: <a style="color: #954f72;" href="https://fred.stlouisfed.org/series/MORTGAGE30US">https://fred.stlouisfed.org/series/MORTGAGE30US</a></span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Treat <a href="https://yourdealty.com/seller/add-new-property">selling your house</a> not as a short-term, one-time transaction but as a long-term investment opportunity in a more lucrative asset(s).&nbsp;</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Pricing your property high to sell quickly in a down-turning market is crucial. When all of the signs are there- high supply with fewer buyers in the market, price it as best as you can from the beginning. If you know the market has turned, price it aggressively and do not delay. I have seen too many times people wanting to start the listing price at what it once was valued at, only to reduce the price several times to finally attract a buyer.</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Remember the <strong>Golden Rule</strong> that most novice sellers are unaware of:</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">&ldquo;<em>The longer your property is listed for sale and the more price devaluations you undertake, the more unattractive your property is perceived in the market</em>&rdquo;.</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;"> Most real estate agents and listing companies keep an index of property price changes and listing period. A property that has been sitting in the market for a considerable period of time with recurrent devaluations is expected to further depreciate in price and thus is not recommended to prospective buyers.</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Some of the best advice I learned early on as a real estate investor was to &ldquo;never regret <a href="https://yourdealty.com/seller/add-new-property" target="_blank" rel="noopener">selling a property</a> for a profit, even if it wasn&rsquo;t the profit you once hoped for&rdquo;.</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Here&rsquo;s what to do to sell quickly in a down market; -</span></p>
    <h2 style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif; font-size: 14pt;">1. <strong>Price It Right, Don&rsquo;t Chase The Market</strong></span></h2>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">As a seller, you never want to chase the market pricing, but should be at the forefront of it. If you are truly entering a down market, supply is only going to increase leaving buyers with more and more options, which obviously means more potential price reductions to complete with. To set an optimal price on your home, you can find out mean listing prices in and around your area by registering with us at <a href="https://yourdealty.com/"><strong>Dealty</strong></a> and going through our listing portal.</span></p>
    <h2 style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif; font-size: 14pt;"><strong>2. </strong><strong>Have Great Photos To Attract As Many Showings As Possible</strong></span></h2>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">A picture is worth a thousand words and is the best way to showcase your property. Furthermore, with the number of listings in the US market at an all-time high, having attractive and detailed property profile photos will enable you to distinguish your listing from the plethora of competitors and give you more visibility and authenticity.&nbsp;</span></p>
    <h2 style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif; font-size: 14pt;"><strong>3. </strong><strong>Make Sure You Are Visible On Every Online Site</strong></span></h2>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Having your property advertised on more portals will allow you to attract more prospective buyers and thus increase your chances of making a sale. Try our nationwide listing portal at <a href="https://yourdealty.com/"><strong>Dealty</strong></a> which enables thousands of buyers and sellers to converge easily on a daily basis.</span></p>
    <h2 style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif; font-size: 14pt;">4. <strong>Never Underestimate A simple For Sale Sign In The Yard</strong></span></h2>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">(some people don&rsquo;t like to put a for sale sign in the yard). You never know who has been waiting for something to come up in the neighborhood.</span></p>
    <p style="text-align: justify;"><span style="font-family: verdana, geneva, sans-serif;">Most importantly, remember to remain calm as with a more holistic perspective, every cloud has a silver lining.</span></p>
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    Renee Tulliani

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