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How do you set yourself apart in a slow housing market? Your agent has marketed your house in every local publication, had you apply a fresh coat of paint and convinced you to lower your selling price. You still receive no activity on your house. What do you do next?
It's hard to gain an edge in a slow housing market. Oftentimes there are many houses just like yours for sale too. Do you offer an incentive? Throw in the washer and dryer with the purchase price? You're thinking along the right lines, but you need to create a more tangible deal for buyers.
Lowering the selling price by $10,000 only lowers the buyer's monthly payment by $70 per month. While this is a step in the right direction, it is a bit off the mark. Now, you can take that same $10,000 and offer it to the buyer to cover closing costs. Will it make a difference? You betcha!
Click here to learn more about online real estate school.With that $10,000 in hand, the buyer can choose to cover closing costs, pay their mortgage for a few months, buy new appliances, etc. This is a tangible deal that can really benefit the buyer.
Try this tactic and watch your activity rise. It's really a buyer's market right now and this deal might be the incentive you need to sell your house fast. Imagine what would be in the best interest of the buyer and you might be on track.
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