Friday, November 6, 2009

How to sell your house in this Market?

There has been a gigantic impact on current housing market, especially with this economy crisis and market deflation. Majority of the people lost jobs or laid off which made it harder for everyone to keep up with mortgage payments. This economy distress resulted, people giving up on their house. Let the banks foreclosed on them or file a bankruptcy.
It has been a while that market was slow, according to the survey that 10-million homeowners will be foreclosed through 2012 as more mortgage holders can’t refinance their mortgages due to the huge decline in home values or give up at the idea of holding on to their homes all together.
Foreclosure or Bankruptcy should not be the option just because you were unable to make the payment on the current mortgage. There is still away to sell your house, by doing this not only you avoid foreclosure; but also you save your credit from getting worse. You all know by now that having no credit is like having no life at all in this country. Either you are renting a car, apartment or buying a car, applying college loan, personal loan or getting a job. It is all rated based on your credit score.
You will learn some tips how to sell your house faster, easier with or without help of Agent.
Tip #1 Grab a notebook and a pen, write down the table of the content on first page of the notebook. Write down the following titles in the table of content such as “House briefing, Transportations location, schools nearby, grocery store location, star bucks, cinema, some major restaurants, the closest Park name, hospital, mosque or church nearby, any baby sitter close by the house is very important”. Having a pamphlet about your house is also another chance that the potential buyer may make decision on buying your house. Most home buyers like the house but then not having enough information on surrounding s of the neighborhood may hold the potential buyer back from making decision to buy the house right on the spot . If you take the time to list all the name and locations which you already know will make it easier for you sell and for the buyer to buy, in both ways it is win, win situation. Beside all those info, you should identify some minor or major defects in the house or wear and tear; whichever is cost effective. House briefing also includes pricing your house right. Please visit www.zillow.com for pricing your house. Once you browse the site, it will give a space where you can type your home address and click on search. Zillow.com will provide you with an estimate of your house value. At the end of step one, if you can also provide, how nice your neighbors are or you are surrounded by working class professional and neighborhood safe and friendly. Boom another major impact on potential buyer.

Tip# 2 set aside a budget for improving your house, it all depends how you can afford. If you have good budget consider, spending it on 3 major areas, Landscaping, Kitchen and Bathroom a) Why on landscaping? Landscaping of your house is a place where it welcomes you every single time, going inside your house or anyone who visits. In landscaping cutting the grass, planting more flowers, trimming the trees, make sure water irrigation system is working properly. Designing your landscaping or redoing your housekeeping is not hard. Please get one Home and Garden magazine, visit www.HGTV.com, Watch TLC channel, go to Home Depot has a lot of magazines that can give you plenty of idea on how to make your landscaping ever beautiful than before. B) Kitchen, new fridge or covering your fridge doors with steel cover that will make it, look like new fridge. Buy steel cover from Home Depot. Kitchens counter top and new cabinets, or at least repainting them.
If money is concerned at this time; no problem, just considering cleaning up your house which means real cleaning wiping, dusting, washing, painting.
Cleaning steps;
1. Rent carpet cleaner from safe way or Lucky and wash your house carpet
2. Touch up the walls for any marks with same color or similar
3. Polish the cabinets in kitchen, bathroom, bedroom or anywhere in the house
4. Make sure all the facet nabs are functioning properly, and so is kitchen waste disposal
5. All windows needs to be clean and neat as well as the screens must open and close properly.
6. Make sure all the light Bulbs are working, if any light does not work, replace it ASAP. Please do not wait for potential buyer to inform you about the light not working.
7. Make sure the toilets are flushing, the mirror framed clean or mounted to the wall right. Check the facet. Please do not leave your pajamas in the bathroom or under wears. A lot of us make these kinds of mistake which is not attractive at all.
8. Make sure don’t over crowd your house with a lot of things having gym at your living room is not attractive. Please move it to the Garage if you have one.
9. Your living room, dining room setting is very important and so is the kitchen. If a buyer is not welcome in living room, dining room and the kitchen, then you lost the deal on the spot. The next to see on buyers list is bed room. Once again if your bed room is not clean. The room to the buyer is just ugly and not welcoming “The Deal is death”

Tip # 3: How to list your house in the market for sale? There are several ways to list your house in market; for instance, local news paper, print brochure and leave your brochures at the Laundry, barber shop, grocery store, your mechanic shop, in your friend store if any; or now a days, people tends to more social on internet. Sign up for social networking sites and let everyone know that you are selling your house. The social networking site is another free source of advertising your house. The other sites like www.zillow.com, www.craigslist.com, www.ebay.com.

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