Selling
in a Strong Market
Selling a home in a strong
market is usually not too difficult. Nevertheless, there are a few things to
consider, even when homes seem to be selling like hotcakes.
- Don't believe everything
you hear. All homes are not selling in one day for more than the asking price
- in any market.
- Don't get discouraged
if your home doesn't sell instantly.
- If your home doesn't
sell in a reasonable period despite an apparently strong market, ask your
agent why. Your price may be too high even for a hot market or your home may
have some problem that is turning off buyers.
- GIf you are not under
extreme pressure to secure a quick sale, price aggressively and see if the
market will bear it.
- Be realistic about the
market - try to get a high price, but don't get carried away.
- Be careful about being
the last one standing when the music stops. Excessive booms are usually followed
by weak markets and falling prices. Make sure you get a buyer while things
are still strong.
A combination of patience,
rationality, and aggressiveness is required to make the most out of a strong
market..
