After a very hot housing market around the country for the last few years, people are getting nervous. The market is beginning to turn in favor of buyers and sellers are beginning to fear there may be a housing crash in Knoxville.
If you need to sell a house, this is definitely not what you want to happen. But thankfully, homes are still selling and there are strategies you can use to make sure you sell. Even if there’s a housing crash.
You may want to sell sooner rather than later if you fear a recession or a market crash. But even if you don’t list today, there are things you can do to prepare.
Here are some of the strategies you should use to make sure your house sells. These can still work, even if the market turns strongly in favor of buyers.
1. Set the Perfect Asking Price
A lot of homeowners make the mistake of guessing what their home is worth. They assume that it’s worth more than when they bought it. Or, they may even hold on to what they believed it was worth at the very top of the market. However, prices fluctuate.
It’s important to set the asking price accurately and attractively for the current market trends. If you price it too low, of course you’ll lose money. But if you price it too high, there could be other negative consequences.
Incredulous buyers will scoff at a house that’s priced too high. This can leave your property sitting on the market for so long you’re forced to make big price reductions. Firstly, this delays your sale and wastes time. But it can also drive the price lower than what you could’ve gotten if you priced accurately from the beginning.
And worse, if there’s a housing crash in Knoxville, you may not even get any buyers. That’s why you should work with a realtor to check local market prices for comparable listings. With this information, you can price competitively to sell fast.
2. Make an Effective Marketing Plan
One of the best ways to lose out on profits is to fail in your market efforts. A house is just like anything else – if people don’t know it’s for sale, they won’t buy it.
You may have the best house in the area that everyone would want to buy. But if you can’t get the word out, qualified buyers will never know they’re missing out on a deal. This is when different realtors vary widely in effectiveness. Marketing is a tough skill.
Make sure you work with a realtor who has proven methods for marketing and a large network of connections. The more reach they have and the more experienced they are, the more eyes you’ll get on your listing.
3. Get Professional Photos Taken
The listing is the first thing that draws buyers to view your home. If their attention isn’t grasped, they won’t even consider your listing. A beautiful, professionally done photo album will get people excited.
Professional photographers know how to set up good lighting. They compose their photos to maximize space and make your house look attractive. They also know what buyers want to see and how to draw eyes to the best features.
Some photographers even use drones or 3D cameras to capture the best and most attractive aspects of your house. This can literally be the difference between getting multiple offers and none.
4. Make Your House Move-In Ready
It’s no surprise that home buyers prefer a house that’s move-in ready. This is especially the case if there’s a housing crash in Knoxville. Buyer’s won’t have enough extra money to make repairs or renovate.
For this reason, invest the time and money in updating your home’s appearance and improving its curb appeal. Take care of repairs or add the latest appliances. This also allows you to charge a higher price. It gives you a better chance of actually finding a buyer willing to pay that amount.
5. Find the Best Realtor
Most people tend to hire the first realtor they talk to. But this is a critical mistake. Real estate is a difficult profession. And some people are more skilled than others.
You want to maximize your profits and be sure to sell if there’s a housing crash in Knoxville. In fact, if there is a housing crash, there will be many realtors who have to close up shop. This is a sad reality when the economy is tough.
That’s why you should choose the best realtor who has skill, systems, and strategies to survive and make sales.
If There’s a Housing Crash in Knoxville, Work With Your Home Sold Guaranteed Realty – TN
No one wants to see a complete housing crash in Knoxville. But the market is certainly softening and turning in favor of buyers. If you don’t want to get caught losing money on your investment, make sure you’re able to sell. To do this, you need the best real estate team.
Your Home Sold Guaranteed Realty – TN is the best option in Knoxville. Not only do we have great numbers, even more importantly – we give personalized service. Our team cares about your assets during a tough economy and we want to help.
If you need to sell a house fast and make sure you don’t lose a lot of money, call 865-365-1670 today! Get your home sold fast and for a good price, no matter the market conditions.
Give us a call at 865-365-1670 or fill out the form below to reach out.
