June 9, 2008

Five Tips to Close a Deal Faster

The real estate market has recently been changing dramatically in this country. The market has turned from a seller’s market to a market that puts more emphasis on the buyer. Although the number of buyers of real estate is still quite high, that number is nowhere close to the number of people wanting to sell their houses.

In today's tough real estate market you need to do something different in order to catch the attention of the prospective buyer with the impact of your listing. While you have the buyer’s attention you need to take an extra step to complete the deal.

Here is five basic things that you can do to “sweeten the pot’ so that the buyer quickly buys your property.

1. Offering a decorating allowance:
Sometimes the buyer might want to refurnish the home, in such a scenario you might help the person out by offering them a certain amount of money after the deal is done. This money can be spent on carpeting, painting the walls etc.

2. Pre sale inspection:
This is an excellent idea to execute, before listing your property you should definitely get an inspection of your house done. By doing a presale inspection you can address certain problems that your house may have before prospective buyers come to visit. By doing a pre sale inspection you can actually increase the sale ability of your house, you can even display the report and show the repair work that has been done already to assure the prospective customers that the house is in good condition.

3. Offer a home warranty:
A home warranty is an excellent way to assure the buyer that the property is in its prime and it also provides the reassurance that the new owners will get insurance on certain repair work that may have to be done. A home warranty is pretty affordable and it allows the new buyer to have his peace of mind. This ensures that the buyer closes the deal faster than usual.

4. Closing costs coverage:
Sometimes the buy needs a little pushing so that they close the deal, sometimes the buy is just not sure about themselves and they take time top deliberate on the matter. You can offer the buyer to pay the title and escrow fees or the pre paid interest charges.

5. Seller financing:
There are many options when it comes to seller financing, some of them include putting funds in escrow so that the mortgage payments are covered for the coming months. Make sure that the buyer has good credit before you take such a step.

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