How Long To Sell House? 21 Days With A Good Strategy!
In normal economic times, answering the question of how long to sell house is relatively easy. Broadly speaking, just over 40% of sellers get a sale within a month of placing it on the market. However, given the current economic situation, things are a lot different. Whilst there are still hoards of buyers, they generally want to pay much less. This article shows you how to sell your house as fast as possible, and get a good price too.
It all starts with the initial advertising investment. Good ads mean more prospective buyers and a much faster sale. Because we’re in a recession (ironically because people bought houses with money they didn’t have) there are just about double the amount of places on the market. To make yourself stand out from the crowd you’ll need to be exciting and original in your ads. Never mention that your price is negotiable, and make sure to use the internet to the max.
When you’ve generating a lot of interest through your well written advertisements, think about how you’re going to present your property to them. Again, you’re going to have to offer something unique and original. In fact, holding an event-style mass showing with all your prospective buyers at the same time can effectively give the impression of high competition and style.
If you choose to hold a mass showing, you might like to read into “home staging”, which basically means hiring a bunch of upmarket furniture to give your place a posh look. Surprisingly, this tactic works wonders, especially if you’re asking for a relatively high price.
So, how long to sell house really depends on your marketing approach. By implementing a proven sales strategy, you can sell up easily within a month, even during the current financial crisis.
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Comments
The previous commenter has a valid point, however, there will always be a range within which a house will sell, and it is important to try and achieve a value at the top end of that range. In order to sell successfully, you need a few factors in your favor:
1) Your market reach: You need to reach as many people in the market as possible that are interested in buying a house such as yours. This entails choosing the correct marketing channel mix and having a great ad.
2) You need to present your house in such a way that people can “see their dream”. I know that sounds lame but it is the simple truth. Staging can be a good idea.
3) You need to carefully select a realistic price range and aim for the top end of it.
I like your thoughts, but I also think that the biggest factor in selling a home in a timely manner is price. Your price has to be at market value, and if it’s over priced, you won’t even get any showings.