We have to sell. What’s the best way to make sure our home moves off the market fast?
Price your place right. Look at other homes for sale in your area and ask a real estate agent to help you. If you’re in a time-crunch and want to be extra-competitive, knock 5 percent off the asking price, or if you can stomach it, 10 percent.
Sounds crazy? Not really. You’re more likely to draw in more potential buyers who are ready to pounce on your deal, which could lead to a bidding war that actually drives the price up a little: a win-win situation for you.
Just make sure your home isn’t sitting on the market forever -- it’s a turn-off to buyers to see the same place advertised everywhere for a year with zero movement and hints that it’s either overpriced or something is wrong. Your better bet is to adjust the price or take it off the market in the short-term and strategize with your real estate agent about other ways to boost its appeal, like home staging.
Nestpert Joseph Russo, Executive Director of The National Council for Financial Literacy and Real Estate Expert at ITeachAboutMoney.com
See More: Buying a Home