Need to Sell Your Home? Think Outside of the Box!
Despite an improving market, sometimes you run into a road block when trying to sell your home. Maybe there is too much inventory available. Maybe builders are cranking out homes nicer, newer and cheaper than yours. Maybe your unicorn decorating motif doesn’t sit well with potential buyers. Whatever the reason, sometimes you need to shake things up and think outside of the box to get that house sold.
Here are some ideas that can help getting those offers rolling in.
Toss in Some Extras
Real agent extraordinaire, Roberta Murphy, just couldn’t get their client’s amazing California home to sell, despite the guest suite, 5,000 square feet and views of the Pacific Ocean. The $2 million price tag was just too much, according to Frontdoor.com. So, what do you do when you can’t move your multimillion dollar pad? You throw in a Ferrari!
The owners tossed in their red Ferrari and got the house sold in no time at all. Chances are if you have Ferraris to throw around, you’re not our target demographic, but the strategy is sound. If you have something of value that other people would love in their new home, add it in. If a buyer asks for something to be added in, seriously consider it.
The bonus of using this strategy is that you don’t have to move whatever it is you’re leaving behind. My in-laws recently bought a house and negotiated to have the shuffle board table included with the sale. At the end of the day, moving the 20 ft+ table would have been a giant pain for the seller, so it worked out for both parties.
Everybody Feng Shui Tonight
Some people believe that when a house doesn’t sell it’s because the energy flow, or Qi (pronounced chee), is off. Fung Shui is art (science?) of placing items in the house to maximize this flow. Whether you believe in it or not, a lot of people do, especially amongst the Asian community.
If you’re having a hard time selling your home and/or you live in area where there are a lot of potential buyers who are Asian or would appreciate a properly Fung Shuied house, then it’s time to bring in an expert. There are professionals who will come in and modify how the items in your house are placed and arranged.
A few years ago, home auctions were extremely rare. Usually they came on the heels of an estate sale or something similar. But now, more and more people are opening up to the idea of having their homes auctioned off.
Auctions offer pros and cons though. You’ll most likely get more attention and more potential buyers, but that doesn’t mean your home is guaranteed to sell. You also aren’t guaranteed a price you will love. Once you put it up for auction and the reserve is met, you are legally bound to sell at that price. Also, auction houses charge fees in the 8% range, so it’s not like you’re going to be saving money there or anything.