Bristol County – 4 Important Facts To Consider When Selling a House in a Down Market

When buying or selling a home, I can be a powerful asset for you.
The main focus of my services is to help and educate homebuyers and sellers so they understand from the beginning the entire process of buying and owning a home.

All agents are not the same. As in every profession there are those that excel and are committed to excellence, and those that are not. I have what it takes to make a difference on all your real estate needs.
Now, I would like to talk about 4 Important Facts To Consider When Selling a House in a Down Market

It is evident that the real estate market has down in the last months of 2022. This does not imply, however, that homes are not selling.

Here are some key areas to concentrate on if you’re trying to sell your house hoping for the best results.

Showcase your house at its best.
Always pay attention to how your property is set up and displayed to potential buyers. With a smaller pool of potential buyers and a wide range of options, it’s essential to make sure you take every possible step to make your property stand out from the competition. Your extra efforts to present your house at its best could really make a difference.

Establish the right price expectations
In the current market conditions, it is essential to start with a reasonable listing price.

Homebuyers currently have a wide range of options and do not feel particularly rushed to make a decision. If they think your property is overvalued, they might pass it up in favor to a better deal. Even with an aggressive marketing campaign, the right price is the most important factor when buying a home.

In a sluggish market, “chasing the market down” might be a dangerous approach when selling a home. This occurs when a homeowner initially sets their pricing expectation too high and after some time passes without a sale being made, the seller lowers their price to a more reasonable amount. However, the market has now declined even further, making the recently revised price still too high to achieve a sale.
The best approach is to be confident with your listing price from the very beginning…this market is not forgiving for overpriced listings.

Apply quality and professional marketing to your listing.
Quality marketing is always crucial, no matter what the state of the market may be. It is also even more important to your outcome if the market is cooling off. When buyers have a variety of listings to choose from, it is paramount for your property to stand out. The investment your listing agent makes for all the marketing efforts to sell your house, has to be substantial and focused.
If your house does not sell in a reasonable time… the momentum drops and buyers may begin to believe that there is a problem with the house, maybe overpriced, or has many costly defects.

Choose the best agent
Most sellers would probably agree that working with a real estate agent that can connect with all possible buyers is crucial when the market is slow.
You’ll need someone with experience with plenty of resources that provides proven results, a great marketer across all media platforms, and a strong negotiator. This is the time when a real estate agent’s professional services pays off. The agent you choose will affect whether your property sells or stay stagnated in the market attracting only low bids.

Despite the fact that some sellers may find the real estate market to be a little gloomy and depressing, it is important to keep in mind that buyers and seller always have a need to move, not because of the market but for personal reasons.

Always consult with your real estate agent about your home inspection results and the options you have inside the sales contract that you’ve signed.

Please don’t hesitate to call and ask me any questions you might have. This process is all about you and your needs. Real Estate is a big investment and I understand that. One thing you will get with us is a personal relationship, In the end, that goes a long way.

To get started contact Debbie Davignon at 508-989-0972
or email DavignonSouthCoastHomes@gmail.com

GREAT BLOG POST
10/10
Facebook
Twitter
LinkedIn
Email
WhatsApp
Deborah Davignon

Deborah Davignon

The Davignon Southcoast Homes Team

(508) 989-0972

Leave Comment

Your email address will not be published. Required fields are marked *

Bristol County – 5 Tips To Buying A Home During The Holidays

When buying or selling a home, I can be a powerful asset for you.The main focus of my services is to help and educate homebuyers and sellers so they understand from the beginning the entire process of buying and owning a home. All agents are not the same. As in every profession there are those

Read More »