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When placing your home for sale, you want to make it very appealing
to buyers. You need to make it marketable. There are 3 factors
that determine a marketable listing. They are: Price, Financing,
and Time.
Price
- If your home is priced too high, you must be willing to wait
much longer for your home to sell. Either it will take that much
longer to find someone to pay more than the home is worth, or
the market will eventually catch up to the "asking price"
of the home through inflation.
After deciding
on a price, try the old retail trick - drop the number down a
bit. Instead of placing the listing at $140,000, drop it down
to $139,990.
Financing
- You may not realize it, but the financing of your buyer can
have a tremendous impact on the success of selling your home.
Try to offer very attractive financing options. Consider carrying
the financing yourself at a below-market interest rate . This
could open the door for many buyers that otherwise wouldn't even
consider your home.
Time
- If time is important then you must be willing to lower the price.
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