In the last few years, everyone got used to hot housing markets. Sellers had multiple offers almost as soon as they listed. But that’s changing quickly. Now, people wonder if there will be a housing crash in Sevierville.
No one knows exactly how big of a downturn the economy could experience. Inflation numbers are beginning to subside, but markets have certainly been tightening. In the last few months, markets have been moving in favor of buyers.
So, if there is a housing crash in Sevierville – or even a recession – what should you do? If you need to sell a house, you want strategies to prevent huge losses.
This is what you should do if you need to sell in a down market.
1. Set the Right Asking Price
Don’t just guess or hope your house is worth a certain price. Check actual local market prices. This will save you a lot of money and heartache. Too many home sellers don’t bother to check their asking price against market prices. Then they’re shocked when their house doesn’t sell.
While most people don’t guess their home is worth less than it really is, they often overestimate its value. This could have several bad outcomes. First, it could delay a sale and leave your house sitting on the market for weeks or months.
Another consequence of pricing too high is having few or no offers. After too many days-on-market, you may be forced to slash the price. In the end, you could end up selling for under market value because you priced wrong from the outset.
In addition, if there is a housing crash in Sevierville, buyers will be scarce. If that happens, you want to be working with a seasoned realtor who knows how to sell during a buyer’s market.
2. Make a Solid Marketing Plan
No one will buy your house if they never see your listing. That’s why you need to market effectively. The more people who know about your sale, the more likely you’ll be to find the right buyer.
There are a lot of requirements for a strong marketing campaign. You need effective ads with perfect copy to grab attention. It’s also critical to have a large network of connections. Both to buyers agents and qualified buyers themselves.
For strong marketing you also need multiple channels to send out your listing ads. This is when it’s helpful to have a really experienced realtor. They’ll have the network and systems to get your house in front of the right buyers.
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 Sevierville. 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 Sevierville. 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 Sevierville, Work With Your Home Sold Guaranteed Realty – TN
No one wants to see a total housing crash in Sevierville. 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 Sevierville. 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.