Tips for Selling your Home in a Tough Economy

Proper pricing is critical to selling your house in the kind of market we’re in. And though it might be difficult, this means pricing your home for what it’s worth – and that isn’t necessarily the same price as what you paid for it or what you think it is worth. You’ll also want to check with your mortgage lender to determine your mortgage balance (if there is one). Then you can just subtract your asking price from your mortgage balance to determine how much money you stand to make on the sale of your home. If you’re hiring a real estate agent, they’ll be able to help you come up with an appropriate price for your house. If you’re not, check out the price listings for other comparable homes in your area, and consid your home’s appraised value.
Stage your home effectively. Sometimes the difference between getting an offer and not getting an offer depends upon staging your home effectively. The basics of home staging are depersonalizing and de-cluttering: packing up personal photographs, family heirlooms, and everything else that will pre vent the visitors touring your home from imagining it could be theirs. Focus on transforming your home back into a house; a product optimized for sale. For more help, hire a home staging expert.
Market your house as widely as possible: word of mouth, newspaper and local magazine ads, open house, flyers, etc. Remember that the more leads you get out of advertising, the more likely you’ll get the response you’ve been looking for.
