How to Sell Your Home in a Down Economy

Okay, so, the economy's down and you're feelingfamily will always remember how you all worked
down because of it. You had planned on puttingtogether to get that home sold.
your home up for sale by now. You'reAsk extended family and friends to help out, if
discouraged, though, because on your street aloneyou need it. Try to keep on task and complete
you see three other homes for sale. How canyour repairs by your due dates. You'll be glad you
you compete, you wonder, with so many otherdid.
homes on the market?Prepare Pricing. All repairs are finally done and
Don't lose heart, you're about to learn how.everything's checked off your list? Then, there's
Stand Out. The challenge you have ahead of youone more thing you need to consider. Once you
is how to make your home stand out from thecontact a realtor, you'll be provided an estimate
rest. The way you do that may not be in theas to how much your home is worth in the
way you think, though.market. Want to be an aggressive seller? List it
Before you contact a realtor to put your homefor a percentage less than the market value of
up for sale, there are several things you're goingyour home. Use the percentages as follows:
to have to take care of. The first is to sit back* Up to $150,000 = 10%
and take a breather. Now, grab a tablet and a* $150k to $500k = 8%
pen.* $500k to $1m = 5%
Note Repairs/Fixes. You're going to need to walk* $1m and up = 2%
through your home from one end to the other.You have to keep in mind that new home listings
Your mission is to make note of every little thingget the largest viewing audience. If you don't price
that needs to be repaired or completed. You needit right going into the listing, you'll miss out on
to note absolutely everything. Only note projectsmajor opportunities to sell your home to the right
you've started or items that are in obvious needaudience. Your home will get less viewing after it's
of repair. Do not note anything that you would likebeen on the market after a few weeks.
to get done on the home, but never started.Even if you lower the price several weeks after
Organize your list according to room. After you'veyou've listed it, the home has lost some significant
walked through each room of your home, walkvalue and luster in the eyes of the buyer. You
outside and take more notes. What about yourprobably won't get what you're asking for.
yard? Are there any bare spots you need to fix,Some other considerations you might include are
plants that are dying or dead, stones or yardincentives for an agent to sell your home, or
bricks out of place? How about the exterior ofincentives for a buyer to buy your home. Offer
your home? Any repairs needed there? Also, theto pay half of the closing costs.
color. Is it neutral, or did you paint it that brightList Home. Now that you've given it much thought
blue to match the color of your spouse's eyes?and decided on a competitive sale price, it's time
Make note of it all.to call your realtor. Interview several in your area
Do the Work. Next, you'll need to make a plan asbefore you decide on one. Call the actual realtor
to how you're going to get it all done. Assess howoffice and find out who the top sellers are. These
much time you think all of it will take, and make apeople are the ones you want listing your home.
schedule as to what days and times you'll commitFind the right realtor, and have your home listed
to work on it. Set goals as to when you want tofor sale.
have each room finished. Set a final goal for theYou are now equipped and empowered to put
date you want to have the house ready foryour home on the market and watch it sell itself.
market.If you follow through with all that's needed, you'll
Get your spouse and children involved in thebe hugely successful in the sale of your home.
project. You can create some memories. Your