Dear
Pat,
Are home sales slowing dramatically in our area?
It seems to take weeks, instead of days, for the
"sold" sign to go up on many of the
houses for sale around the neighborhood. We need
to sell soon. What can we do?
-- Selling Concerned
Dear Concerned,
Yes, home sales have slowed, but not
dramatically. Traditionally, because the
inventory is larger in the fall, buyers feel
they can afford to take their time. Feverish
demand which lasted unusually long this
summer-and the chill of recent
affairs-contributed to your sense of a dying
market, but it's really just the seasonal cycle
we're experiencing.
Before we go on to your second
question, Concerned, please note that current
low interest rates are keeping unusually large
numbers of buyers in the market this fall. I've
had as many calls from prospective buyers this
month as I did back in May and June. But fall
sellers need to pay extra attention to details
in order to make their house stand out from the
competition. Three important areas:
- Remove objections before
buyers see your house. Tour open houses,
visit friends' houses, get a fresh
perspective. Then look at your house as if
you were seeing it for the first time. Funny
how those pet odors and junky, filled-up
rooms just felt like home, isn't it? Get to
work on repairs and problems by thinking
like a choosy buyer.
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Spark the imagination of potential
buyers. Rip out your carpeting, sand
those lovely wood floors, throw colorful
rugs on them, decorate with flowers and
interesting objects, paint your walls with
dramatic popular colors. Store away the
furniture and other stuff which makes your
home useful to you but which may well make
it crowded to others.
- Price your home
competitively. This above all! In the
fall, or at any time when the demand is less
than feverish, your house should be in the
top three homes on the market. This means
that the price and condition together add up
to make it one of the best three candidates
for any given buyer in its price range.
| Pat
Rosaves is a full-time real estate
professional living in the Seward -
Longfellow area. She has more than 27
years experience in helping people with
their real estate needs. Questions may be
sent to her at River Realty, 2543 38th
Avenue South, Mpls, MN 55406. Or call her
at 612-724-1314 or email her at
pat@riverrealty.net
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