November 22, 2009
Trying to Sell Your Home in a Down Market
Like everywhere else in the world the housing market in Indianapolis has tanked, leaving way too many homes about to be owned by the city and left vacant. It is no secret that the economy is having trouble. Layoffs are happening everywhere and if you have been trying to sell your home you are probably starting to tear your hair out. Here are some things to consider if you want to sell your home quickly and to get as much as you can for it:
1. Do all of your repairs and renovations before you put your home on the market. Newly repaired and renovated homes have higher asking prices than those homes that leave repairs and renovations for the new owners. What’s more, a newly repaired and renovated home will look better which will make it more enticing to buyers.
2. Be ready to move out as soon as you get an offer. Put anything not immediately necessary into storage and live as simply as you possibly can. This way you will be able to sell your home to someone who might need to move in very quickly. Being able to turn the house over quickly will also make realtors happier to work with you and will raise the incentive for them to get your house sold quickly.
3. Keep your house and yard as clean and well kept as possible. If your yard and home are messy when people come to view it, you are less likely to sell the home in a timely fashion. You want things clean and neat so that prospective buyers have an easier time envisioning their own things in the space. If your home and yard are cluttered they won’t be able to clearly picture the space that you are offering and will be less inclined to make an offer on your home.
4. Consider renting. While the Indianapolis housing market is taking a nose dive, more and more people are being forced to find rentals. Consider renting out your home in the short term. You can hire a property management company to take care of finding a tenant for you and doing all of the repairs. Of course, hiring a property management company cuts down on the amount you’ll receive in rent each month but as long as you have your home insurance and mortgage payments covered you should stay afloat.
5. Reconsider moving. Indianapolis is a great place, why are you selling your home? We can understand moving to a different neighborhood within the Indianapolis city limits, but do you have to leave town? Perhaps you can find better employment or your family can join you here! Staying put would certainly be a lot easier to deal with than putting your house on the market, finding a buyer and finding a new place to live.
Indianapolis is a great place, but like everywhere else is having a hard time keeping everyone housed. Good luck with your sale!
For more information on selling your home, visit http://www.indianapolismicroblog.com and http://www.indianamicroblog.com.
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