Ask anyone who has tried to sell a home lately and they will tell you how challenging the current market environment is. With so many unsold homes sitting on the market prices have collapsed, in some cases quite severely. Homes that would once have sparked impromptu bidding wars now attract no buyers and few prospects, and many would be home sellers have simply given up and decided to stay put for awhile.
Fortunately there are some steps homeowners can take to increase the chances that their Oahu homes will sell quickly - and for a good price. The good news is that there is some reason for optimism - many economists feel that the economy has finally hit bottom and will begin to turn around later this year.
Beyond the broader economic outlook there are some positive steps homeowners can take to enhance the value of their homes to potential buyers And make no mistake about it -the current real estate market is all about value. After so many years in a seller's market, buyers are now in the driver's seat - and they know it. I n order to succeed in this markets you will need to provide a great value to potential customers.
Price it Right the First Time
Those who need to sell a home today need to do a reality check first. The value that the home held a few years ago is no longer relevant in today's market. In order to sell your home you will need to price it for todays much softer Oahu real estate market.
Your realtor can help you set a realistic price by looking at a number of factors such as comparable sales It is important to set a price that is neither too low nor too high - pricing the home right the first time is essential in such a challenging market. Pricing the home too high can turn off would be buyers, and those buyers may not be back even if you lower the price later on.
Curb Appeal - More Essential Than Ever Before
Curb appeal has always been an important part of selling a home, but how your home looks from the road is more essential now than ever before. There are only so many qualified buyers out there right now, and it is important that the home looks great as they drive by.
