If your home has just come off the market and hasn't sold, don't be discouraged. The reason it didn't sell may have nothing to do with your home or the market. In reality, your home may have been one of the more desirable properties for sale.
If your listing has expired and you still want to sell, you need to a good look at your options. Knowing all of your options-including not selling at all-is key to getting the results you want.
There are actually 4 key things you need to consider before you hire another agent to sell your home. I'll be covering each of them in detail over the next couple of weeks.
Do You NEED To Sell Your Home?
First, you need to ask yourself: do I really need to sell right now?
As I write this, it's the beginning of December. Turkey Day is over and done with, and the holiday season is in full swing. Needless to say, you're fully aware of this...because you're probably as busy as I am.
So if you're anything like me, you're working full-time, taking your kids to sports and class parties, agonizing over finding the right gifts...and worrying about getting it all done before the "big day".
These are the shortest days of the year-in more way than one. Because we're all so busy this time of year, it's much harder to deal with the day-to-day hassles of selling a home. Keeping a house "showing ready" isn't easy, especially now.
And of course, potential buyers for your home are feeling the same pressures. In my experience, all but the most motivated tend to "hibernate" this time of year. The rest of your prospective buyers will start to poke their heads up around Groundhog Day. That means a couple of months with minimal activity.
So...if you're not absolutely sure about selling, you might want to consider taking your home off the market until the middle of January or so. Normally I would suggest holding off a bit longer, but there's a good reason for jumping back into the market so early-the $8000 homebuyer tax credit.
As you may know, the home buyer tax credit was extended until April. Many real estate analysts think that the tax credit is the reason for the "bounce" in home sales during the fall.
Because of the extension, I think the Medford real estate market will take off early this year. And it will stay strong through April. But when the tax credit expires, the market could slow down-big time. So the sooner you get your home on the market, the better.
Now, if you MUST sell now-don't be too discouraged. In every crisis, there's also an opportunity. And you have the opportunity to sell your home to a very motivated buyer-if you following the steps I'll lay out in my next blog post.
In it, I'll explain exactly how you can use the slow holiday real estate market to your advantage. I'll also show you what to do-and what not to do-in order to make your home sell for the most amount of money. And I'll even throw in a few marketing tips, too.
If you're a subscriber, you'll get an automatic notification when I post that new article. And if you're not--why not subscribe today so that you can find out about my "Winter Home Selling" post as soon as it hits the Web?
Ok...off to work. I've got a few closings to go to and then it's time to play chauffer for the kids. Have a great day!
Brian
If you'd like to learn more about selling your home in a down market, just visit www.FlynnTeam.com or call my office at 781-395-4000. I'll be happy to help. And there's no pressure and no hassles-just free, helpful information that can get your home sold quickly and for top dollar.
