Want to relocate but housing market is slow?
couple inspecting a house interior and an agent at the back

Want to relocate but housing market is slow?

Jan 31, 2018 One of the most significant challenges of relocating is finding a buyer who is ready to pay the right price for your current house. It becomes even more challenging if you are relying on the proceeds from the sale to finance the new home. Anyone from Sunshine Coast, Australia who has ever been in a position where they needed to sell their house quickly will tell you that it is not easy. But what happens when you want to relocate at a time when the housing market is slow? A slow housing market means a glut of great houses available for people who are looking to buy new homes. But for people looking to sell their homes, it can be a frustrating time. Buyers are hard to come by, and this makes it very difficult to sell at the right price. It is better if you vacate the premise with the help of the best interstate removalist in Sunshine Coast so that your space looks more attractive to the buyers. The last thing you want to do when selling in a slow housing market is to allow desperation to take over. Although buyers have an advantage over sellers in a period like this, it is still possible to get a good price for your house if you do all the right things. You must avoid pricing yourself out of the market while also guarding yourself against underpricing your house. Here are some tips to help you sell your Sunshine Coast home in a slow housing market:

1. Improve your house’s appeal

First impressions always last longer. This expression is even more critical when you are trying to sell your house in a market where there are more sellers than buyers. Your top priority should be to make sure that any potential buyer’s first impression of your home is a positive one. Remember you don’t have a second chance to make a good impact. If your house is not appealing enough, potential buyers will just move to the next seller in Sunshine Coast. For this, get your house cleaned by a reputed and professional cleaning company in Sunshine Coast, to give it a better look.

2. Be more flexible with your terms

A slow housing market is also known as a buyer’s market. It is a market in which buyers hold most of the cards. One way to make it easier to sell your house in such a market is to adjust the different terms of sale in Sunshine Coast, so that potential buyers find it more attractive than what is available in the market. For example, instead of lowering the price of your house, you can do things like offering more flexible terms of payment and extending the closing date.

3. Be patient

If you are selling your Sunshine Coast home in a slow housing market, you must be patient to find the best deal. In fact, patience is one of the most important virtues in real estate. You must take time to understand every prospective buyer’s needs, which will help you find the buyer that is closest to matching your criteria. Your patience will protect you from making decisions on impulse. Also, you can always opt for a quick move in Sunshine Coast as soon as you find the right investor for your property.

4. Pay considerable attention to the first offer

You might get offers as early as the first few days or weeks. It is tempting to hold out in the hope of getting better offers, but this can turn out to be a huge mistake. In many cases, the earliest proposals are always the best. Remember that prospective buyers are very likely to have a variety of houses in Sunshine Coast that they can buy. Nothing feels worse like letting a good offer go only to end up selling at a lower price.

5. Price your house right

When selling a property in a place like Sunshine Coast, you need to have a good understanding of the market conditions in that area. You just cannot afford to operate in ignorance. Before you put your house up for sale, find out what other apartments in your neighbourhood are selling for, to have a rough idea of how to price yours. You don’t want to lose significant sums of money because you underpriced your property or miss a deal due to overpricing.

6. Have a marketing plan

In order to attract the best prospects, you need to have a marketing plan that will ensure that as many prospective buyers as possible are aware of the availability of your house for sale. You also need to ensure that your marketing plan highlights all the best selling points. At the same time, you should make sure that prospective buyers can verify everything you claim in your marketing message.

In summary

Although it is not ideal to sell your house when the housing market is slow, it is still possible to get good deals if you do it the right way. These tips should help you find the best possible deals for your house in Sunshine Coast.