Are you ready to sell your house or ready to find the best buy? This Summer you can be sure to buy or sell your home in today’s market. Barrie is booming with houses that are for sale this Summer, meaning we are working with a buyers market people! But how do you market your house to sell faster when working with a buyers market? And how do you find the best deal on the market when trying to find the best buy?
What is a Buyers Market?
When your local neighbourhood is in a buyers market it means that there is more supply than there is demand. More houses are currently on the market in Barrie than there are people buying homes. There are plenty of homes that have been on the market for longer than they were last Summer.
Simply put, higher inventory = more selection for home buyers.
Being a Seller in a Buyers Market
There are a few things you can do as a homeowner when you’re ready to list your house. It’s important to know what market you are going into when listing your house. Being a seller in a buyers market is tough, but you need to find your competitive edge in order to find a buyer who’s willing to choose your house. When you’re in a buyer’s market, you no longer have the upper hand and should be willing to cater to your buyer’s needs. There are a few things you can do to get the authority you need to sell your home faster in a buyers market.
- Offer a quicker closing date
- Be flexible with your terms
- Offer appliances in the deal
- Include furniture or window coverings
- Enhance your curb appeal
- Stage your home
- Price it according to the market your in
Being a Buyer in a Buyers Market
You have the advantage! This is the best time to buy a new home. As a buyer, you have the pick of the litter. Use your upper hand and get what you want out of your deal. Often if houses have been on the market for a while you can be sure that the seller will begin to lower their prices. Look for homes that have already been on the market for longer, you’re sure to get a sweet deal from them!
As a seller in a buyers market, you must be patient with the process. Understand your competition and move forward with proper pricing in the buyers market. You may not have the advantage in this market, but you are sure to sell your home faster with a few of these tips!