Selling your house in a flooded market can be an uphill battle. This type of market is also called a buyer’s market — in other words, there are tons of properties available and not a lot of buyers to snatch them up. Can you sell your Sacramento home in this type of environment?
When an abundance of properties are listed via the MLS, it’s difficult to stand out in the crowd. Given the low interest rates right now, a lot of people are trying to sell their home and cash in on the equity. This will eventually lead to more competition as housing values as supply begins to outpace demand. Read on to learn these five ways to sell your Sacramento house in a flooded market.
Pay attention to staging
Staging makes it easier for a potential buyer to see themselves in your home. Common strategies include using neutral tones and eliminating personal belongings. If you’re struggling to sell your Sacramento house in a flooded market, you may even want to hire a professional stager who knows how to properly present each room. Staging companies may use your furniture or bring in some more neutral pieces and ask you to put your stuff in storage.
Considering owner financing
Offering perspective buyers the added bonus of owner financing is a creative way to sell your Sacramento house in a flooded market. During this type of sale, the buyer makes a large down payment and signs a contract with an end date that is usually shorter than conventional loans.
With owner financing, the purchase price of the home can often be set above the current market value. This is because the price is being set now for a purchase in the future, when the home’s value is likely to be higher. This type of financing usually carries a higher interest rate as well. Should the buyer default, the seller will keep all the monies collected to date, because you retain full ownership of the property until the completion of the contract.
Trying advanced marketing
Using advanced marketing techniques is another way to sell your Sacramento house in a flooded market. Because so many homeowners now advertise on the internet, you’ll need to ensure that you take advantage of the top-rated sites and pay for more exposure, skipping sites that list homes for free–because these are bound to be oversaturated with properties from major cities. Invest in professional photography for an outstanding image gallery, as well as providing 360-degree virtual tours filmed by professional drone pilots.
Engaging in networking
While networking with potential buyers and real estate professionals can take time, it’s a great way to sell your Sacramento house in a flooded market. Begin by hiring a connected real estate agent, who can in turn connect you with a network of interested buyers. There are also very active investment clubs with both virtual and in person meetings scheduled regularly. You might also want to consider attending conventions and social media meetings to advertise your property and network with people who can help.
Selling directly to California Family Homebuyers
Wary of the possibility of your house lingering on the market? Whether you list your home on your own or sell with a real estate agent, there is no guarantee of if or when your house will ever close. With so many properties listed, the quickest and easiest way to sell your Sacramento house in a flooded market is to sell directly to California Family Homebuyers.
Why lose time waiting for a closing that never happens because your buyer’s financing falls through, while you continue pouring more money into your property? Do you dread the headaches and hassles of the showing process? If you are finding yourself facing time restrictions, don’t want to invest even more into your property, or just want to simplify the process of selling your Sacramento house, send us a message call (916) 907-6116 today!