USAToday had a good article that explains how to sell in this real estate market. California, Florida, and Arizona are experiences market corrections, so homes are staying on the market longer.
I was having a discussion last night about the real estate housing "bubblettes" that are bursting. Commercial brokers believe that the aforementioned markets will be down only for the short term. Buyers may want to gear up to purchase soon, while sellers and builders are more flexible.
As for sellers, it's back to the basics. The top ways to sell your home fastest are no surprise.
- Price it right.
- Get a pre-inspection to limit buyer concerns during the option.
- Sweeten your deal with buyer incentives such as buying down their interest rate.
- Make it pretty. If you have an ugly house, be prepared to get repair estimates to have them on file.
Buyers and investors should hold off on the condo craze. Many will probably be in foreclosure within the next 6 months, so you can get a better deal. As for Austin, we have a lot of proposed condo projects, but I've heard the vast majority will not be built. The numbers aren't making sense and the City of Austin is pretty tough to deal with when it comes to their complex development guidelines.
Read more: How do you buy or sell a home in this real estate market? - USATODAY.com.
Comments