Prepare for the Worst... 10 Tips for a Declining Market
10 Tips for Today's Market:
#1. Don't sell if you don't have to.
#2. If you are facing foreclosure, don't wait until the last minute to put your property on the market.
#3. Be prepared for the worst... the market may continue to fall this winter. I don't think we have hit bottom yet.
#4. If you are considering buying... work with a team that will help you locate the best deals.
#5. When selling your home... little touch-ups such as paint or staging can make all the difference.
#6. Understand your home's competition and price points.
#7. Use a professional. Find an agent whos business is YOU.
#8. Be patient. The average DOM (days on market) have grown.
#9. If you have to do a short sale... find a specialist: A.J. Allen is someone who works with Short Sales on a daily basis. He can be reached at 941-3345. Or, you can email him at AJ@ajallenhomes.com
#10. Creativity is key. In a changing market, it will definitely help to work with someone who thinks outside of the box.
The recent drop in the stock market along with the removal of the FHA Down Payment Assistance program has had an effect on everyone. While our market in Boise is much stronger than many other areas of the country, we need to make sure we pull the trigger when the time is right.
You can email us at nickv@c211stplace.com or aj@ajallenhomes.com for more information on how we can assist you in selling your property today.