Trying to sell your home fast is never easy, especially in a buyers market. If you are trying to sell your home in the current market, you probably already know that it is not going to be easy. Sellers everywhere are scrambling and many are willing to make whatever concessions they have to just to get a sale. The problem is that there are far more homes on the market than there are buyers who can qualify for a mortgage. Unfortunately, most experts agree that we are at least two years from things getting any better. To make things more difficult for you, many of the homes on the market are short sales and foreclosures that are driving down the prices. This means if you want to sell your home, you are going to have to be extremely competitive. You also need to do everything you can to freshen up your home. You should think about putting a fresh coat of paint on the walls and updating your flooring if it is looking worn. Small changes can deliver big results when it comes to attracting buyers.
Because not many people can get a mortgage right now, those that do qualify are expecting to get very good deals. This means that you are going to want to consider how low you can afford to price your home. You also may need to shop around and see what type of concessions and bonuses other sellers are offering in your market. In some markets bonuses like TVs are very commonplace and in other markets they are not necessary.
If this doesn’t sound good to you, you may want to consider another option. You might want to consider offering you home with a rent to own option. Doing this increases the chance of quickly attracting a buyer because it widens your market greatly. Just because so few people can qualify for a mortgage does not mean that there are not a lot of people out there who would like to buy your home.
There are key advantages to you as a seller. The first what we have already mentioned – you greatly improve your chances of attracting a buyer fairly quickly. Also, you should expect to be able to get full fair market value for your home rather than having to discount it in exchange for your willingness to wait for your mortgage to be paid off.