Tips On What To Do IF Your Home Isn’t Selling | Wilmington NC real estate

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What to do if your home isn’t selling……

  Whether you’re in a bone-dry market or a sizzling selling season, if you haven’t received any offers on your home you’re probably facing the question of what to do.  A house that goes too long without selling begins to appear “stale” and can actually damage your future chances of a sale.

In Wilmington NC, how long is too long? It’s not an exact science, but there are some helpful indicators. In a dry market, a sales period of six months to one year isn’t unusual. Look at recent sales reports of similar homes nearby to determine a reasonable selling interval. In a hot seller’s market, a house that hasn’t sold within one month indicates a problem. In either case, there are several steps you can take before putting up the white flag.

Tips to improve your selling karma

  • Videotape your house, inside and out, and watch the tape as if you were a prospective buyer. Is the lawn weedy or the garden bare? Is your home uncluttered and spotlessly scrubbed? Sparkling-clean houses sell faster than those that look too lived-in or show an abundance of the owner’s personality.
  • Take a second look at your listing price. Visit open houses in your neighborhood. Are similar homes priced lower? Selling prices may have dropped since your first comparative market analysis. If you haven’t sold your home within one month, chances are good that you’ve overpriced it. If you do lower your asking price, consider a figure slightly below those of other comparable homes if you are interested in a speedy sale.
  • Do whatever it takes to be away from your home during showings and open houses. The presence of sellers makes it difficult for prospective buyers to take their time or talk openly with their partner and agent. Leave some treats out to make potential buyers more comfortable: beverages, nuts, cookies — anything that won’t lose freshness or be too messy.
  • Pay close attention to feedback from showings. The feedback can guide you in making home repairs, toning down your décor, making landscaping improvements and the like.
  • You can offer perks to buyers, such as a cash bonus, closing costs or buy down the interest rate to lower monthly payments. You could also consider creative owner financing.
  • Neutralize your color scheme. Most buyers prefer pale, neutral colors that make it easier to imagine a new home as their own. Houses with white exteriors are the highest sellers; for interiors, try whites, off-whites or pale grays.
  • Expose hardwood floors and buff them until they shine. It’s amazing how many buyers will not even look at a house without hardwood floors.
  • If you have dogs, cats, old carpeting, mildew or smoke problems chances are that a potential buyer may be offended by the odor. Ventilate the home and invest in an air-cleaning and deodorizing product to remove odors. Another option is a cleaning product with living enzymes that consume the odor causing agents and remove the smell permanently.
  • Staging your home is one of the very best ways to sell your home the quickest and for top dollar. Staging sets the scene throughout the home to create immediate buyer interest in the property. The way you live in your home and the way you sell your house are two different things. One idea is to pack up several large pieces of furniture and as much clutter in each room as possible. Don’t just shift to another room or garage- rent storage space and get it out of the house before showing.
  • Pay attention to lighting. Make sure light sources are clean. Cleaning them isn’t enjoyable, but the sparkling lighting will pay off. You may even increase the brightness factor of your rooms by adding brighter bulbs, or by placing accent lamps or cabinet lighting. Be sure and pull back the curtains and lift the blinds. For the best effect, use a balance of natural, overhead, and table or floor lighting
  • Try readjusting your sights. Determine the lowest price you find acceptable, and consider anything more as icing on the cake. In a longstanding dry market you may even have to sell at a loss, so it’s important to take every offer seriously. You don’t want to alienate a potential buyer who has solid financing because you’ve set your sights unrealistically high.
  • If the market is underwater, consider offering an increased commission or a bonus for your listing agent as extra incentive. If you do sweeten the pot for your agent, amend your listing contract to reflect the change, and be sure it’s added to the Multiple Listing Service (MLS)  — buyer agents will also be inspired to give your house extra attention.

For more information or to search Wilmington NC real estate, please visit our site www.cbaker.com

 

 

 

 

Categories: Home Selling, Mortgages, New Hanover county shcools, Waterfront Wilmington NC, waterfront wrightsville beach, wilmington nc real estate

Waiting for Mortgage Rates to go lower? Wilmington NC real estate

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Everyone wants to get the lowest mortgage interest rate when shopping for a Wilmington NC home. The rates have been at high 3’s and low 4’s the last couple of months. Freddie Mac just announced this week after it’s Primary Mortgage Market Survey that the rates for fixed and adjustable have risen again for the third straight week. 30 year rates hover around 4.46% up last week from 4.40%. It is still a great time to purchase a home. The housing prices are at a low, coupled with rates under 5%, it is a win win situation. To search all Wilmington NC real estate, please visit www.cbbaker.com. We have lenders that can give you a current quote and do a pre-qualification to get you started.

Categories: Managing your debt, New Hanover county shcools, private schools in wilmington nc, Wilmington NC Market Statistics, Wilmington NC Neighborhoods, wilmington nc real estate, Wilmington nc schools, wilmington nc weekly events

Wilmington NC real estate | Announcing the Greater Wilmington NC School Guide

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Kay Baker Wilmington NC school guideKay Baker & Associates is excited to announce our Greater Wilmington NC School Guide.  Your one stop shop for all the information you need on New Hanover County, Pender County and Brunswick County schools.  This innovative digital magazine is the first in the Wilmington NC area.  Useful information is at your fingertips when selecting the best school for you or your child from Kindergarden to Higher College Education, whether it be a public school or private school.  We have it all here for you.  Please take time to visit, and explore the links to each school system.  All the information about registering for schools, what each library has on it’s shelves, special need centers in each school and contact numbers are all put together for you in an easy digital magazine.  There is also a link for Wilmington NC real estate to search for homes in a certain school district.  We want to make your life easy, especially when entertaining a move.  Click here for the Greater Wilmington NC School Guide. Search all Wilmington NC real estate on www.cbbaker.com and let us know if we can help.

Categories: brunswick county schools, Buying Wilmington NC real estate, college's in wilmington nc, Home Selling, Kay Bakers Greater Wilmington NC school guide, New Hanover county shcools, Pender county Schools, private schools in wilmington nc, wilmington nc, Wilmington NC Neighborhoods, Wilmington nc schools, Wrightsville Beach NC


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