How To Sell My House Fast

With the existing home inventory index still hovering around 10 months of supply for the nation, every home owner who needs to sell their house should be ready for buyers. In an effort to get you ready for the buyers who will be walking through your doors I suggest you do some research and follow some key tips to get your home sold.

Pricing your home right is a key factor is selling your home in a buyers market, which we are in. The days of posting a sign in your front yard and receiving multiple offers in a few days are over. Home sellers need to recognize that home buyers are shopping and comparing houses to find the best deal.

Take your time in doing some research and find the best reasonable sale price for your home. You should go walk through other houses close to yours that are similar and compare the finished to yours. Make sure to check look at the price per square foot and the overall asking price.

Another great way to get a value for your house is to ask a real estate agent or a local real estate investor in your area. These professionals are following the local real estate market on a daily basis and have great insight to how much a house is worth in todays market. You know you priced your home right if you would consider looking at the home based just on the price, quantity of bedrooms, and square footage, when comparing to other homes in your neighborhood.

Your home should be in excellent condition to sell in this buyer market. If you truly want to sell your home time the time to fix all the miscellaneous repairs that you know need to be fixed. Take a tour through your attic and crawl space to double check for moisture damage and fallen insulation. Take color photos of your crawl space and attic to you can show potential home buyers the great quality of home they are getting. This goes above and beyond what other home owners are doing.

If you can not afford to fix up your home for sale then you will have to price your house accordingly. In todays real estate marketing home buyers have many choices of homes, even brand new ones that home builders are selling at a discount. It is possible to sell your home as a fixer upper but you will not net as much money at the closing table.

Marketing your home for sale is one of the key pieces in selling your home. After all you could have all the other things perfect and if no one new your home was for sale then it would never sell. Make sure to put a sign on the property and on close streets to the property. Make sure to list your property on classified websites like Craiglist, and Backpage. Make sure to put your home in for sale by owner magazines or newspapers where home buyers will be looking.

Many of the homes that are selling right now are to first time home buyers. In fact over 53 percent of the homes sold in May were sold to first time home buyers. The federal government is giving an $8,000 tax credit to first time home buyers or people who have not owned a home in that last 3 years. This is having a great affect on the homes that are selling. If your home is in the first time home buyer range you have a much better chance of selling your house.

If you are thinking how can I sell my house fast then contact your local home buyer in your area. They will give you a quick fair offer and you have no obligation to accept.

If you have been holding your breath until you see real action by the government to halt the real estate crisis and turn back time, you may be able to breath once again. The current stimulus bill proposed by the Senate raises the $7,500 tax credit to $15,000. Unlike the House proposal, that all the tax credit taken would need to be repaid via a interest free loan, this time the money is not required to be paid back.

Another great thing is this time the tax credit can be spread over two years of taxes. So if you did not receive the full benefits of the $15,000 credit the first year you can have your accountant account for the rest the next year.

This is great news for home buyers waiting to see a reason to buy in this turbulent real estate market. Many home buyers in all areas across the nation have been reluctant to purchase a home when they are confident home prices will continue to drop. This could be the change the real estate market has been waiting for.

This tax credit is proposed to reduce the inventory of homes for sale on the market and try to get supply and demand back in line with one another. The government has tried other avenues to try to spur home buyers to purchase homes but none of the plans thus far have had a noticeable affect.

It should be noted the bill has few restrictions on receiving the tax credit. Some economists are skeptical because it is possible two separate home owners could sell each other homes for $1 each, and receive the $15,000 tax credit. We should all home the details for receiving the tax credit will be more stringent so people will not take advantage of our tax dollars at work.

We should also hope this is the moment real estate professionals, home owners and home buyers looking for a new home have been waiting for. Any decrease in supply will stabilize home prices. Once home prices stabilize we may once again see our homes value increase. It is a fact that when home values increase, the regular economy is more vibrant because people spend more money.

If you need to sell your house fast we suggest receiving a free, confidential, no-obligation offer from a local home buyer in your area. It is free and you have no obligation to accept.

According to the Treasury Department over 420,000 home owners mortgages are going to adjust this year. These are home owners who purchased homes with adjustable rate mortgages, some of whom tried to make a quick buck off the real estate boom. Others purchased their home using a hybrid mortgage so they could afford a larger home in hopes they would be able to refinance in a couple years to a lower rate.

Well, their time has come and this year their rates will adjust. The good news for many is that interest rates are at an all time low. So low in fact they have not been here for more than 37 years. This is good news for these home owners who have these adjustable rates, it is also good news for the real estate economy os a whole. A large part of the homes that hit the foreclosure auctions over the last couple of years have been due to adjustable rate mortgages.

Mortgage rates what were at 8 percent were due to adjust to almost 12 percent this year. Now with the low mortgage rates they will increase up to 9 percent. This adjustment will still increase the monthly mortgage payment for the home owner but this is a much more manageable increase than a 12 percent interest rate would create.

The larger issue is that home values have decrease dramatically over the last couple of years. This mean home owners are not able to refinance their homes because they owe more on their mortgage than what their house is worth. This is a very large issue that we will continue to see in the real estate arena for quite some time.

The only current fix for home owners in this situation is to sell their house through a short sale. A short sale is a bank approved home selling option that lets you sell your home for less than your mortgage. Banks are willing to allow a short sale on homes that have negative equity, the home owner has some sort of hard ship, and the end buyer is able to purchase the home.

Selling real estate in this economy is directly related to interest rates. It is possible the new government that took office in february will have some sort of plan for home owners needing to sell their house with negative equity, but there is no guarantee any plan will work. If you need to sell your house and have no equity I suggest selling your house as a short sale. It is better than a foreclosure and can get you out of your house and on with your life.

Part of new president Obamas 819 billion dollar stimulus package includes new tax credits for first time home buyers. The 7,500 tax credit applies to any person purchasing a new home for primary residence only, and who has not owned a home in the last three years.

This all may see familiar as there is already a tax credit for first time home buyers in place that was created as part of the Housing Recovery Act passed in the summer of 2007. The stimulus plan simply changes the requirements of the tax credit. Now the home owner does not have to pay any of the tax credit back, as before they had to pay it back over 15 years.

So the question is, will this tax credit bring home buyers into the market and start to decrease the inventory? My simple answer is it will help, but it is not the shining bullet that will end all the doom and gloom of the real estate market. My main concern is that it is only eligible for people who have not owned a home for the last three years. This will almost undoubtedly target young home buyers who can afford only the lower houses priced in the bottom of the market.

The other main concern is that people still have an over all concern with real estate values going down in the near future. Smart people are not going to buy a house when the real estate market is going down in the near future, if they do not have to buy. It is different if they are starting a family, have a steady job, and feel comfortable with their local real estate market coming back in the next couple of years.

So, as housing prices continue to slide across the nation and the number of homes for sale increase, lets take our hats off to our new president proposing a plan to help the real estate market. I hope that it does not stop here but at least we have someone who understands our national and global economic situation and is willing to risk his reputation to help average every day people.

As always, if you need to sell your house fast because of foreclosure, loss of your job, being transfered, divorce or any other reason, the fastest way to sell your house is to contact a local home buyer in your area. They can give you a free offer for your house with no obligation that you have to accept. They are still buying houses because they are able to hold on to properties for long term investments.