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Can’t Get Rid of That Home? Try These Tried & True Home Selling Methods in This Buyer’s Market

August 31, 2007 on 3:14 am | In For Sale By Ownder, Home Selling, First Time Home Buyer, Real Estate |

As the current mortgage situation weighs on the overall outlook for the real estate market, it’s tough to say “it’s a buyer’s market”, as many people are concerned we’re not even close to the bottom yet, and things will get much worse before they get better. Others disagree.

The trouble is, it’s tough to know who’s right. Many of the “experts” are bloggers who’s existence depends on negative developments in the real estate market (evident by their very blog names), so can you really trust them? We’ve heard “experts” say that the “real estate bubble” was about to burst for years, and it never happened. Even now, we’re still in slowdown rather than a crash. Could it crash? Possibly, but we aren’t there yet. We still occasionally see positive numbers pop up in months where negatives were predicted, indicating a softer blow than some seem to be almost hoping for.

Home prices have definitely fallen, and seem set to fall further for some time. Some call it a buyer’s market, others call it the calm before the storm. Either way, the ball is certainly not in the court of the seller at this point, especially with the existing homes on the market piling up. If buyer’s have good credit and can get a loan, one could argue that they’ve got their pick of the litter.

Because of this, BankRate.com offers all you sellers some tips on moving that real estate. It should come as no secret that this one is becoming more common, and almost expected as buyers get more and more picky:

• Closing costs: What buyer wouldn’t welcome some help with those teeth-gritting closing costs (legal, title, filing fees, etc.) that, according to a Freddy Mac estimate, typically run between 2 percent to 7 percent of the loan amount?

Do read the rest, but that one is far and away a buyer favorite incentive.

Tags: FSBO, selling your home, real estate for sale, buyer incentives, realtor incentives, selling my home, real estate incentives, selling real estate, selling homes, buyer’s market, homes for sale