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With increasing interest rates, the housing market has turned buyer's market now. Higher interest rates mean that many buyers have pulled out of the market and decided to wait till interest rates come down. This also mean that investors or speculators have pulled out as well because house prices will not be rising fast enough to give them a decent return. If you are planning to sell your house soon then you may face lesser choice of offers and greater competition from other sellers. But if you adopt time tested strategies as listed below, you should attract much more interest in your house. 1. Start to see the house not as a home but a product to be marketed to general public. This may not be easy in the beginning; especially of you have lived in this house for many years and have fond memories. So this will take some time. But this is an important step to realise best potential out of your home selling process. 2. Find a surveyor but it does not have to be expensieve. Get your house surveyed. This survey does not have to be thorough but you must have the his report ready to be handed over to your estate agent and potential buyers. What this survey does is identify any potential problems early on so that you have to fix them. This avoids negotiation complications later on when buyer's surveyor uncovers these defects. Secondly, and most importantly, this report acts as an important marketing tool to demonstrate that you have taken good care of your house. Buyers feel more confident taking your house mire seriously. Estate agents market your house with more confidence. 3. You must prepare your house well. You will need to take an objective view of your house. Would you buy this house? You have lived here a many years and it has hallmarks of your personality. So you may not be completely impartial in your view. Invite your friends and siblings for their views. Ask your neighbours. Do not ignore your estate agent's opinion - they look at houses all day long. 4. Check out your competition. View similar houses in your area pretending to be a buyer. Make notes of their best features. This will also give you an opportunity to see what you will be up against. Remember, any enhancements to your house neither need to be excessive or expensive. 5. Gives your house a fresh and clean look. A thorough coat of neutral paint or luxurious but neutral wallpaper, deep cleaned carpets and upholstery, tidy garden and other basics like that can do the trick. Get r id of any emotional attachments you achieved in the first step will help you to prepare the house for others to appreciate. It is always best to go with neutral decor over any strong personal tastes. 6. If you have had any incomplete DIY projects, make sure to complete them before putting house on market. People moving home do not like to budget for major maintenance. So get rid of any untidy cables hanging from the ceilings or complete the unfinished garden shed. 7. If you have lots of family pictures and memorabilia displayed virtually everywhere in the house then consider storing away some of them for now. Buyers may find it difficult to visualise living themselves in this house if your family is 'staring' at them wherever they look. If you take these steps then you should be able to make your house stand well over the competition.
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