How to Sell Your Home in a Market Filled with Low-Priced Foreclosures

Published by nora | Filed under Buyer / Seller Tips, Market Trends, Miscellaneous, Mortgage / Finance, Real Estate

How can you ever compete on price with bargain-priced foreclosures? Would you cut your listing price again?

Well, don’t compete on price because you’ll not win; compete on areas where you’re a sure winner over foreclosed homes.

When listing your homes online or offline, highlight in your ads the advantages of your home over foreclosed homes. Say that they can move in and be comfortable without repairing anything. Post photos of your home, surroundings, neighborhood or parts of your home that show a well-maintained home in peaceful surroundings.

Here are things to highlight in your listings when foreclosure bargains are the most in-thing in your city:

1.    Your home is move-in ready.

Your photos will show that any buyer moving into your home will have an easy time. He or she doesn’t have to fix any part of the house.

2.    Your home is as good as new.

Photos of your polished floors, newly painted interior and exterior walls, watered plants, immaculately clean bathrooms, damage-free roof, and clean windows will have your house perceived as new.

You can have a home inspection by a certified inspector and tout the process and report in your ads. This will prompt prospective buyers to think that your home is lovely and you don’t have any defect to hide.

3.    You can close in 7 days if cash and 30 days if loan is used.

In your ads, you can use the tagline Why Wait for Months to Close? For many buyers using a mortgage to buy a foreclosed home, closing can’t be done in a month. In addition to the usual appraisal and borrower evaluation process, the lender needs to ensure that the foreclosure paperwork passes legal scrutiny.

In contrast, the paperwork for a pre-owned home is a much smoother process. With a helpful mortgage lender, you can have the house in a month or less.

4.    Your house is surrounded by well-maintained homes.

Include photos that show your clean surroundings and highlight the fact that residents in the area care for the community.

5.    If your home is located in a subdivision or a gated community, mention amenities available for all residents.

A community pool, a clubhouse, a playground, and a park will certainly enhance buyer interest.

There are a lot of ways to make your home stand out in a crowd, particularly among lower-priced foreclosures. And oftentimes, you just have to trust a real estate professional to do them for you, as they have the tools and the years of experience to back them up. In Tampa, you can sell your home faster with the Tampa4U.com team. Call them today.