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MARKETING YOUR HOME
Now that you have decided to sell your home and have
determined the fair market price, it is time to begin thinking about
the most effective way to market your home to potential buyers.
Whether you intend on selling your property yourself or have
contracted with a licensed real estate agent, there are many ways of
increasing the exposure of your home to the buyer market.
Remember, when you hire a reputable real estate
agent, they will coordinate and incur the costs of the majority of
your home’s marketing needs. In addition, they have access to a
network of other real estate offices and agents within their
Multiple Listing Service. Networking is key when trying to sell a
home!
Below are some ideas that you, or your agent, can use
to create greater market exposure of your home:
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Make a List of Special Features: Write down all of the
fabulous and unique features of your property. What are some of
the characteristics you truly love about your home? What
improvements have you made to your property recently? Be as
descriptive as possible. Use this list to help design flyers,
and other marketing materials for your home. If you are working
with a REALTOR®, provide them with this list so that they can
create these flyers and advertisements for you.
Newspaper Advertisements: Place an ad in the classified
section of your local newspaper. Many real estate offices
advertise their listings in local newspaper publications as
well.
Real Estate Publications: There are many magazines and
publications that feature homes currently on the market. Again,
many REALTORS® frequently advertise their listings in these
publications. Also, some local areas have For Sale By Owner
publications in which you can promote your home if you choose
not to work with an agent.
Signs: Place a For Sale sign on your front lawn
for additional exposure. Make sure there is contact information,
such as a phone number, so that interested buyers are able to
schedule a showing. Many REALTORS® use Talking Signs
where a buyer can call and hear pre-recorded information about
your home. If you live off of the main thoroughfare, you may
want to use Directional Signs to point interested parties
towards the location of your property.
Real Estate Flyers: Design flyers that you can
distribute throughout the community. Also, place an information
box in your front lawn so that passers-by can find out details
about your home. Include color photos highlighting some of the
unique features of your property. Provide as many property
details as possible to intrigue a potential buyer. Also, provide
contact information so that the prospective buyer can schedule a
showing.
Networking: Tell friends, family, neighbors, and
co-workers that you are placing your home on the market. They
may know someone who is currently looking to buy. Also, if you
use a real estate agent, they have a network of real estate
offices and agents who are members of their Multiple Listing
Service. Your REALTOR® can also send out announcements to their
customers to let them know you have listed your home. Even if
their customers aren’t interested, they may know someone who
might be interested in your home.
Open Houses: Host an open house at your home. Make sure
your home is in immaculate condition as you will have many
people wandering your house looking through closets and
cabinets. If you are selling your home yourself, be prepared to
answer the many questions prospective buyers may have, such as
the age of the roof, water heater, air conditioner, and furnace.
These are important details to a prospective buyer. If possible,
prepare flyers and other literature about your home that details
all of this information. Place this literature in a prominent
place in your home.
The Internet: The Internet is a great way to market your
home. If you choose to work with a real estate agent, many now
have personal websites where they are able to feature their
listings. In addition, your property will be included in a
listing database where potential buyers are able to search for
listings that meet their specific home criteria. Property
listings on websites offer color photos, as well as property
details.
Virtual Tours: A virtual tour is video or moving
photographs of your property. Your agent can create a virtual
tour of your home to include on their website. Virtual tours are
a great way to show potential buyers the special features of
your house. The moving photography enables buyers to get a feel
for the atmosphere of your home so that they can decide if it
matches their needs.
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