Selling Your Home in a Buyers' Market

Selling in a Buyers market, it can be tricky to even get close to your asking price.  There are, however, a few things you can do to help get a little closer, or even actually get your asking price.  Here are some tips that most homes sellers have found instrumental in helping them to get their asking price for their home. 

Finish any unfinished rooms or convert any convertible rooms, such as the basement or a recreational room.  Not only does this give an increased amount of usable space, but it can also be used as a sale point, since these are expenses that the buyer will not have to incur after purchasing their new home. 

Offer a media room.  Whith deals, you can probably have one installed for around $5,000.  Media rooms are something many home shoppers see as a neat luxury, and could be the difference between someone going for your home or making the move to the house down the street from yours.

You can make the mortgage on your house more desirable by buying down the interest rate.  This is something fairly easy to offer someone, and i certainly makes it harder for someone to take an offer with someone esle where they have to pay a higher interest rate. 

Rather than offering a cash specific incentive, you can offer something like one years home ownes Warranty, offer to pay their HOA fees for a year.  This is a practical buyer benefit.  If someone is carefully looking at their budget, then not having to include these fees in their monthly expenses can be a big deal. 

If it is feasable offer to pay off some of their debt such as credit card ballances, department store card ballances.  If this is done as part of the loan program, then it could lead to the buyer qualifying  for a larger loan, or a better interest rate.  if just a side agreement, then again, it could mean a lower monthly payments, which can be extremely important to the the buyer. 

Finally, you can always offer to pay the closing costs.  These tend to be something that is a big hit to buyers' pocketbooks, and is something people don't adequately budget for when shopping for a new home. 

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