Tip to Seller: Put Yourself in Buyer’s Shoes

by on Finance Foreclosures

Putting up your distressed home for sale is one of the options you can explore to avoid foreclosure. However, you must realize that this task is not as simple as it may seem. For starters, the large inventory of foreclosure homes for sale in the market will certainly make it even more challenging.

When selling you home, you must put yourself in the buyer’s shoes. According to some experts, buyers are driven by three factors: money, timing and experiences.

For most buyers, it starts with a certain feeling like meeting someone for the first time. So You must make sure that you leave a good first impression. Make sure that your home is not cluttered and smells nice. If possible, do some home improvement activities that will enhance curb appeal such as repainting your gate, fixing the roof, cleaning carpets and re-upholstering furniture. These may not be much but you will be surprised with how this could please the buyer.

The next important thing to consider is the asking price. You must think like a buyer and determine if your asking price is reasonable. Also, you must be open to negotiations since most buyers like to enjoy extra incentives or perks. If you are not agreeable to a discount, you can always offer some other form of incentive.

Lastly, make the first encounter with the buyer a good experience. You must be polite and honest when it comes to answering questions regarding the property. Also, it is important for you to be professional. You should be at home at the agreed time and make sure that your home is prepared to receive visitors as well.

If you consider and follow these tips, you will be able to increase your chances of selling your homes before the re-instatement period is up.