How to Get Good Deal for Your Home in Sellers’ Market

Written by Posted On Friday, 12 June 2015 04:13

When it comes to Pakistan real estate, timing plays a crucial role as it clearly influences home’s selling price. Therefore, before putting your home up for sale, you must be very clear what the current market trend is. When a lot of people are looking for homes but not many are for sale in market, it is a seller’s market. On the contrary, when a lot of homes are available for sale but not many people are there to buy them, it is a buyer’s market. In short, in “seller’s market” seller has something that buyers want to buy and in “buyer’s market”, buyers have abundance of options to choose from.

Despite the fact that in seller’s market, sellers have something which buyers are looking for but if your home does not sell within few weeks after you present it in market, buyers will assume there must be an issue with your home and they will consider themselves at a better bargaining position or may reject the home altogether. It means if you are putting up your homeon market for sale, you must take few considerations in view.

The following article aims at describing tips and tricks to help you secure good deal on your home, when it is a seller’s market.

Don’t overprice your home

Sellers usually put up their homes for sale in Pakistan at higher than perceived or actual value just to get more calls from buyers. They often think that the higher the price, the better will be response and the more will be inquiries. However, it is a wrong approach despite the fact that it is seller’s market. If you overprice your home then instead of making an offer or negotiating on it, buyers will prefer to move on. In this manner, it will take longer than normal to sell your home and you will have to end up adjusting or lowering the price anyway.

First Impression Matters the Most

Experts at HomesPakistan state that most of the potential buyers make up their mind right after they step in from the front door. Rest they make final decisions visiting the rest of home. It shows outside of your home is as important as the inside is. Work on your home entrance such as mow the lawn, paint the walls, cut down wilting flowers and shrubs and grow new flowers. A freshly landscaped lawn, a tidy entrance and fresh paint on entrance door and walls will bring a lively change and prospects will appreciate it while walking through the door. Remember, this all matters.

Houses do not appeal buyers; Homes do

People buy homes not an ordinary space for shelter. They do not want to see a plain and empty house upon inspection as it barely gives them any homey feel. You might have beautiful house built following an outstanding architectural theme but buyers want to see a “home”. Home staging plays an important role here as it makes a house a home. The visual cues help potential buyers imagine your house as their home. Real estate professionals say that not all potential buyers are good at imagining so home staging helps them have a look of their future home. Satisfied buyers can further proceed and close the deal.

Use the above-mentioned pointers and work on your home before presenting it for sale and you will surely end up grabbing the best deal for your home.

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Khadija Aslam

Khadija Aslam is a marketing analyst at homespakistan.com and she writes on a variety of subjects including business, real estate, travel etc. Check her blog and find her on twitter, facebook, google+.

www.homespakistan.com

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