This is your time to buy a home. Potential homeowners should take advantage of the dropping prices now. If you think it’s worth waiting for more gain when you sell your house, take into account that when you come back to buy, you’ll also have to pay a high price for new rural houses for sale. The more you wait, the more expensive it becomes. Beware the rise in interest as well. It’s not official, but it is rumored that interest rates will continue to rise as the economy stabilizes, so if you buy now, you will save a lot of money in long-term interest.
Here are some other things to keep in mind:
- Make sure the property is in good condition: No question, a house in good condition will generate more interest from buyers. There are many things you can do to improve the way in which the property is sold while many of them deserve more time and effort on your part. Other ideas are expensive but will improve marketability. You decide how much time and money you want to invest.
- Make an effective marketing plan: If you use an estate agent, ask how they plan on announcing your house. If you use a listing system or some other type of announcement through direct mailing lists, make sure it is targeted to a specific market. If you make the sale on your own, you can use signs in communities where permitted; for instance, placing an “open house” sign or flyers or announcements to come see your house on a specific day is always a good idea. It will also help to notify neighbors, friends and family.
- Take your time. Whenever you buy or sell a home, you should always take your time. This is one of the most important decisions you’ll ever make in your life, so it’s vital you take your time.
Even though taking on this process by yourself may seem like a good idea, it’s not. In fact, you need help from an estate agent more than you may think. They can walk you through everything from the listing to the closing. Contact your local agent for more information.