How do I sell my house in a market flooded with similar houses?

lost: How do I sell my house in a market flooded with similar houses?
I live in an area where are houses are not selling right now. I really need to sell my house by June. Any ideas that would help me sell in a market already flooded with similar homes? My asking price is between $ 110,000 and $ 120,000.

Answers and Views:

Answer by Tia
drop your price to the lowest in the area and you will probaly sell your home before anyone else

Answer by birgit
Have you tried “staging” your house? Staging means to decorate and set up your house in a certain way to attract the most buyers. It is not just about decorating but about emphasizing the marketable aspects of your home. For instance, moving around furniture so that a small room looks bigger, adding vanilla scent around the house because vanilla makes people feel at home, etc.. Check out “staging” online or check out some books about it at your local bookstore/library

Answer by newlex
Do it without an agent, drop the price to (say) $ 105000 — you might be ok since you dont have to shell out money to the real estate agent. Publicize your house by posting it to craigslist, create a website to market your house and keep your fingers crossed.

Answer by tnichele
Is your house being listed via the Internet? Also, do something to make your house stand out. Do you have a flower garden, plants, a well kept fence? Make it stand out! You can sell it!

Answer by Frank J
You need to offer an incentive with your house, that others in your market don’t offer. Say, you’ll offer what they call “home buyers insurance plan”…you can get this from your Realtor. Or offer to pay for the first year of homeowners insurance.

Or you can just make your house have as much curb appeal as possible. Making the exterior look great is often just a matter of a little paint and cleaning.

There are a lot of techniques you can utilize to make your house stand out. Your realtor should really be offering you some suggestions other than advertising.

Just be creative. See what the competition is doing, and be different.

My girlfriend is a Realtor, and she often helps her clients make their property stand out, without spending a bunch of cash.

Answer by mickeyg1958
What Frank J said is right on target.

What makes your house stand out over the rest? What could make it stand out?

Good luck

Answer by catcher
Actually you need not drop the price. Infact maintain your price and add on a little extra for the following : new wallpaper, new skirting, new panelling. Upgrade the flooring and polish it. Then, your’s will sell first. Because presentation sells.

Answer by Ice Box
I would suggest that you make your house stand out with upgrades and stuff. Then look at what you have invested into the house initially. Find an aggressive agent and negotiate on that person commission. Try overpricing your home people think if its more than it must be something about it.

Answer by Acadia
Set a lower asking price than the others (that doesn’t mean you have to accept a ridiculously low offer).

Stage it correctly … someone’s already mentioned this. Google “tips on staging a home” or watch the TV show “Designed to Sell”.

Ask the realtor to have an open house.

Put ads in the paper and free classifieds.

Advertise it different ways … to business people, families, retirees, etc. Each group is looking for something different. Example: In a retirement living newsletter put an ad that emphasizes the easy floorplan and quiet neighborhood. Put another ad in the classifieds or in your church bulletin about how great the schools are and the friendly neighbors.

Ask your realtor for other tips.

Make sure it’s listed online, in more than one place if possible. You can even put a classified in the Real Estate section on eBay!

Repaint the outside a unique color (but not like neon or anything) to make it stand out.

Make sure it needs NO work. Are the floors new? Cabinets? Appliances?

Landscaping! Curb appeal is more important than we think it is.

Answer by Barbara R
If you NEED to sell your house by June, then the money factor is important here to YOU and your buyer. Reduce, reduce, reduce. Bare minimum. Renegotiate the commission with your realtor, if you have one now or place your home up For Sale By Owner to add to the savings.

There are investors who are looking for homes to buy and resell. They will give you bottom dollar, but maybe this won’t hurt you. Look in the papers for Investments Wanted.

Offer your home to a Real Estate Broker to buy, call all the agencies for investors in their offices, there are plenty.

You might have to bite the bullet on this one, if the need is so great that you have to move. It’s the times now, in real estate, all over the country. You’re not alone in this.