Being a Seller in a Buyer’s Market

Selling a home in the pandemic driven market was almost too easy; but in this post pandemic market, it’s too easy to become discouraged. It’s normal now to sit on the market for two months and reduce the price. It’s normal to get few showings, offers below ask with incentives, and it’s common for this to be upsetting after the last two years of insane bidding wars after two hours on the market. That market is over.

Now, we need to get to work on fully showing your property outside of its walls and showcasing every sweet detail it has. This is your A-game moment if you are a seller.

If you are a buyer, this is your market to get homes without competing with dozens of other buyers and waiving appraisals. This is your market to buy without the bullish market tactics and prices. This is your market also if you are an FHA buyer and were squeezed out of the running the last two years.

Sellers, focus on all the details. If you were hosting your most favorite person in the world whom you’d always want to meet in real life (not family and friends), how would you prepare the house for them? Would you pull the weeds in the front yard, trim shrubs, touch up paint, power wash, clean windows and sills, and present it like a magazine were coming to shoot it? That’s how you need to prepare your home to sell.

What else is important to buyers? Location, location, LOCATION!!! If you have stellar position in the city, you have a leg up on getting an offer over the one a couple miles away. How do you use location to your advantage and wow buyers even more? Make it known. Read my previous blog post for more information on that.