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  1. #1
    VTXHOGG is offline Renter
    Join Date
    Dec 2010
    Location
    EAGLE, NE
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    5

    Default I'm picking you mind for sales tips.

    Hello,
    I’m not a realtor, but own a home that I plan to put onto the market this spring.
    This home is totally paid for and does not need a lot of work flooring and paint mostly.
    We are in the Lincoln/Omaha Nebraska market the house worth about $110,000 good small town area. We will not buy before sell our house first it’s truly a buyers market.

    You will tell me to get a realtor for sure. But what I want to know is what sort of sales incentives for the buyer can I use as leverage to encourage the sale and hold the price?
    Repair allowance? Other things?
    Last edited by VTXHOGG; 12-17-2010 at 09:36 AM. Reason: new at posting

  2. #2
    markbrian's Avatar
    markbrian is offline Home Owner
    Join Date
    Aug 2008
    Location
    Anderson
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    369

    Default

    Correctly pricing the home from day one is my #1 suggestion.

    If you get an inspection NOW and make all the needed repairs so that you can provide potential buyers with a clean and clear home inspection that can also help.

    Offer a free home warranty at closing to the buyers.

    Be willing to help with closing costs.

    Go ahead and do what you can about the paint and floor covering BEFORE putting the home on the market. Use neutral colors.

    And just like you said, I am suggesting that you start interviewing local real estate agents so you can find one that has the experience and local knowledge to help you. Do not select an agent because they suggest the highest list price!
    Mark Brian Silver Star Real Estate
    Upstate South Carolina Real Estate

  3. #3
    lvagent is offline Fixer Upper
    Join Date
    Aug 2010
    Location
    Las Vegas, NV
    Posts
    24

    Default

    I agree with the above stated. Offer a flooring allowance, some people don't like carpet. Closing costs are somewhat of a must, but even in the crazy market I'm in cash buyers for the most part pay their own, but be prepared.
    Truely interview agents, there are all kinds and remember, they are independent so even in the same company they may offer different things. Most agents in my company don't do half the things I do to market a property nor do others, so it isn't a "package deal".
    Good Luck

  4. #4
    Chrisopher Moltisanti is offline Condominium
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    Oct 2008
    Location
    Eastern Pa
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    Default

    Mark is right. Re-read what he said.
    Correctly price it sir. If you over-price it, you'll be stuck in Nick Nolte land forever.
    If you get a Realtor (suggested), request a Statistical CMA going back six months
    in your surrounding neighborhood. How many sold? What was the average SOLD price?
    What were the solds square footage?

    Now compare your house square footage with the SOOOOOOLLLLLLD homes
    square footage.

    Your house = 2200 square feet. Decent neighborhood. Not too old or worn out.
    "six" SOLD homes 2300 square feet sold = $99K.

    Now price it correctly.

  5. #5
    stevenl is offline Fixer Upper
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    Dec 2010
    Location
    Philadelphia, PA
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    30

    Default

    Many good suggestions have been given. Let me add one more. It's hard to sell it fast and keep all the profits at the same time. Something has to give. I am a part-time real estate investor and I have found this to be attractive to my buyers: I offer home improvements but let my buyers decide the style, color, etc. Maybe you can try this as well. Offer to do some home improvements within a budget that you can live with and let your buyers decide on the choices. Some people like to do no work when they move into new homes so by doing the work for them in ways that they like can be attractive.

  6. #6
    Chrisopher Moltisanti is offline Condominium
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    Eastern Pa
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    Default

    Yeah, good idea. Let the buyer choose the materials and colors. If you add a blurb into
    your marketing stating that, that may entice them. Good idea.

    Look, anything'll help nowadays. One practically has to give away the store to a qualified buyer in order to sell their home.

  7. #7
    Jonathan Radford's Avatar
    Jonathan Radford is offline Condominium
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    Aug 2010
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    Default

    There are lots of different tactics that you can use to offer incentives to buyers. However, most agents will agree that the #1 driving force in determining a property's time on market is price. A properly priced (or, better yet, value-priced) property will have a much better chance of selling than an overpriced property regardless of what allowances you put into the contract.

  8. #8
    Join Date
    Dec 2008
    Location
    Minneapolis, MN
    Posts
    169

    Default

    Price is the key, as others have already stated.

    Home Warranty programs are good for First Time Home Buyers' peace of mind.

    You could also offer a selling agent bonus of around $3,000 for that price (this would be the same to YOU as taking off $3,000 from the sale price). It may help to differentiate your listing from others that an agent is looking at on the MLS. It won't really change the buyer's mind at all, but can be helpful in some cases.
    Steve Howe - REALTOR - RE/MAX Advantage Plus
    First Time Home Buyers Programs - Blog for First Time Home Buyers
    First Time Home Buyer Class - Get the Facts Before You Buy
    SteveH [at] MNRealEstateTeam [dot] com

  9. #9
    VTXHOGG is offline Renter
    Join Date
    Dec 2010
    Location
    EAGLE, NE
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    5

    Default

    Thanks for great info

    Chris

  10. #10
    Yballe55 is offline Condominium
    Join Date
    Jan 2011
    Posts
    95

    Default

    Even you don't hire an agent or realtor, once you put up your house in the market, need to give some basic warranties or just putting promos that will enjoy by the buyers.
    Get information on investing in Philippines real estate. It's the best way to find Manila Real Estate.

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