Selling in a Region that is Experiencing a Challenging Market

  
Hill Slowinski, Consultant and Realtor

Hill Slowinski, Consultant and Realtor

 

 

You’ve heard it before, the three most important attributes of real estate — 1) Location, 2) location, and 3) location.  Real estate is local.  In these economic times, some experts will tell you that in your neighborhood or general location now is not the time to sell your home.  

 

But selling might be the only option if you have to move for work, are selling an unused family or vacation home, or are committed to another new home elsewhere. 

 

Fortunately, most clients I serve in Northwest DC, Montgomery County, and Northern Virginia are seeing moderating prices.  But no matter where you are, it is wise to consider the following tips to help you get the most in your transaction:

 

 

  • Call me first rather than simply posting “For Sale by Owner” signs in your front yard. The commission I earn is worth its weight in the assistance and advice you’ll receive in return.  I have experience selling in these markets and I offer a free Homesellers Handbook to get you started.
  • You’ll also want to make sure your house is priced correctly, that is, priced for the current market regardless of what you think its true value is. Although it can be tough to take a loss, your house may never sell if it’s priced incorrectly. To offset this, I can help your house sell faster by being more proactive about marketing.  I use Voice Pad technology and additional Internet resources such as Craig’s List and YouTube, my real estate blogs and websites, and many secondary internet sites to reach a much wider audience.
  • For further assistance, you may want to think about enlisting a staging company or an interior designer. This can seem counterintuitive when money is a concern. But studies show that staged houses typically sell in less than half the amount of time as their unstaged competitors – and for more money. In other words, your small up-front investment in new paint, accessories, and landscaping can end up saving you money in the long term. I have a special list of proven contractors and vendors I and my W.C. & A. N. Miller Realtor colleagues have used for recommendations to you.  You can do a simple search for a provider in your area on our website.
  • Even with the help of a staging company, however, you will still need to make any necessary improvements and repairs to your house to keep it competitive with other houses on the market. Again, I can recommend many proven, established contractors and vendors W.C. & A. N. Miller Realtor colleagues and I have used. Be sure these changes have a good return and will not cost you more than they’re worth. If they do, you may want to consider offering the buyer a cash allowance toward the repair instead.

You may believe now may not be the best time to sell. But that doesn’t mean good home sales aren’t made every day. Contact me to help ensure your home is ready for a good offer by making smart choices.

 – Hill Slowinskimiller-logo-rgb-2607

WC & AN Miller Realtors, A Long & Foster Company

4701 Sangamore Road,  Bethesda, Maryland  20816

Cell: 301-452-1409  Direct: 301-320-8430  Ofc: 301-229-4000

Email: hslowinski@longandfoster.com or Hill@HillSlowinski.com