Home Selling Challenges and Ways to Overcome It This 2016

Posted by Staff Reporter on Feb 09, 2016 08:38 PM EST
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Index Of Pending Sales For U.S. Homes Falls Almost 2 Percentmore big
Caption:MIAMI - APRIL 08: A for sale sign stands in front of a home April 8, 2008 in Miami, Florida. The Pending Home Sales Index, based on contracts signed in February, slipped 1.9 percent to 84.6 from an upwardly revised reading of 86.2 in January, and was 21.4 percent lower than the February 2007 index of 107.6 according to the index made available today by the National Association of Realtors.
(Photo : (Photo by Joe Raedle/Getty Images))

There are many factors to consider before you should try selling your property. One of the factors to check before you proceed is the economic status and how it is affecting the real estate industry. In the following article of Jon Whitley, it highlighted the economy as one of the top concerns for most home sellers:

 

Economy and inventory are top concerns

General economic conditions continued to trouble sellers, with a third citing it as a top concern. Almost as many were worried about finding another house to buy, echoing the results of our October 2015 survey. A chronically low inventory of properties for sale has created a housing logjam. Read original post...

 

Despite the looming threat of the alleged global economic slow-down, home sellers should not be entirely doubtful of how things may turn around this 2016. Aside from the economic and inventory concerns, there are other avenues through which selling can be made more viable and even profitable. Cicely Wedgeworth, in her article shared some of the selling tips this 2016:

Our Economist's Top Tips for Selling a Home in 2016

-Price your home to the market

Making the error of going for a price that's well above the market price is a recipe for being let down and potentially not selling the home at all," he adds. A home that sits on the market eventually will turn off buyers, who will suspect that something is wrong with it.

-List during peak season

Sellers who list their home during the prime spring and summer months benefit from a larger population of buyers and potential bidding wars, which often result in higher prices and faster closings. Read full article...

Though there is skepticism over the real estate market this 2016, it does mean that everything unwanted will surely come true. With the help of an excellent and expert real estate agent, your worries will somehow be answered, and risk will somehow be mitigated.

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