The Top Five Tips for Selling in a Buyer’s Market

It certainly comes as no surprise that Dallas, along with the rest of the country for that matter, is still in the midst of a buyer’s market. Although we have seen improvements over the last, couple months regarding the residential real estate market, there still remains a large inventory of homes on the market and way too many foreclosures to contend with.

Is it possible to sell quickly in today’s buyer’s market? Absolutely; but you must have a game plan and a set of rules to live by:

• Price right from the start - You must attract buyers as soon as your Park Cities property hits the market. Otherwise, your new listing can suddenly become old news. This is not the time to “test the waters” to see if buyers will jump at a higher price; in fact, you must seriously research your listing price, along with your sales agent, so that you can offer the most competitive price on your home.
• Wow your buyers with a move-in ready home - To compete in today’s market you must simply have a home that stands out from the rest. You can accomplish this and attract buyers by making your Park Cities property as move-in ready as possible. If your home surpasses others on the market then you are well on your way to an easy sale.
• Remain flexible at all times - It may be quite irritating or inconvenient to accept a showing on a Sunday morning, but in today’s market you must be willing to remain flexible throughout the entire process. From offering incentives to negotiating closing costs, your flexibility may make the difference between a quick sale and months on the market.
• Hire a qualified, seasoned real estate agent - There is simply no better way to quickly sell your Park Cities home than to use the services of a qualified real estate agent. Your real estate agent will likely have a great deal of experience selling homes in your neighborhood, which will therefore give him/her an advantage when pricing your home, marketing your home and negotiating a sale on your home.