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How to Sell a Phoenix House Fast in a Slow Market?

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4 Tips on How to Sell a Phoenix House Fast in a Slow Market

In the last decade, every homeowner dreams of being able to sell their home in a sellers’ market. But, since the mortgage crisis and economic crash of 2008, the real estate market has been rebounding at astonishing rates and this resulted in a strong sellers’ market that is just starting to slow down.

As the market begins to cool, some homeowners are thinking about selling and competing with other listings to draw attention to their property. 

In a buyers’ market, when the market becomes flooded with potential buyers, and there are not enough listings, this is your chance of making a profit. 

However, you may list your home, and there’s a possibility that it will sit on the market for months before you get a fair offer. It’s not impossible to sell at a profit in a buyers’ market but it does make the situation a bit more challenging.

So, let’s take a closer look at a few tips on How to sell a Phoenix house fast in a slow market.

1. Competitive Pricing

Before listing your home on the market, take time to consider your pricing. Overpriced listings may stay on the market much longer than homes with lower price tags. 

Tips to get competitive pricing:

  • Take a look at your local market
  • Find out how comparable properties in your neighborhood and the general area are priced
  • It can be helpful to have an independent appraisal company give you the true value of your home

If you price your home too low, savvy buyers may assume that there is something wrong with the property and abstain from making an offer.

2. Repairs and Renovations

When you list your home on the market, you want it to be in the best condition possible. 

  • You will have to spend some money
  • Take the time to make all the small repairs. 

To attract more buyers, you may want to consider doing a renovation that has a high return on the investment, like a bathroom or kitchen renovation.

3. Cleaning and Staging

Potential buyers want to tour a home where they can imagine themselves living. This means that your home should look more like a showroom than a lived-in space. 

To prepare your home for viewing, 

  • Hire a professional cleaning service
  • Hire a staging expert. 

Having your home look its best to help you sell it faster.

4. Real Estate Agent

While it’s entirely possible to sell your home privately, it can be a real challenge. There are many logistics that are involved in selling a home, and inexperienced home sellers can quickly become overwhelmed. If you want to sell your home quickly and still get a fair price, you should be working with an experienced real estate agent. Your professional agent can give you the expert advice and guidance that you need to be successful.

If you are looking to sell your home in a slow market, follow these tips to help you sell quickly and move on towards your future. But, if you don’t want all the hassles and just want to sell quickly, as-is, and close on your timeframe, then call Oak Street Properties at 480-637-5500 for this great, no-hassle option!

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