Selling your house in a flooded market can feel challenging. When an abundance of properties are listed, it can be difficult to stand out among the crowd. Everyone is trying to sell right now and cash in on the gains made in equity due to rising home prices and low-interest rates on their next home. Additionally, as the rise in unemployment steadily increases and mortgage forbearance comes to an end, more housing will be coming online. Eventually, this will lead to a correction in housing values as supply begins to outpace demand. Read on to learn these five ways to sell your Chicago house in a flooded market.
Staging a home allows buyers to easily envision themselves living in the property. This is achieved by using neutral tones and eliminating personal belongings and clutter. Hiring a professional for the best possible presentation is one way to sell your Chicago house in a flooded market. For added measure, some homeowners are following the ancient Chinese philosophy of feng shui. By following specific rules regarding the placement of items in the home, the energy flow in the home, or the chi, is said to be improved.
Offering perspective buyers the added bonus of owner financing is a creative way to sell your Chicago house in a flooded market. This usually involves a large down payment and a contract with a specified period, usually shorter than conventional loans. Typically the purchase price of the home can be set above the current market value, because the price is being set at the agreed-upon price now, for a purchase in the future. 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.
Using advanced marketing techniques is another way to sell your Chicago 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 the flooded sites that list homes without charge. Additionally, to compete, invest in professional photography for an outstanding image gallery, as well as providing 360-degree virtual tours filmed by professional drone pilots.
While networking can take time, it’s a great way to sell your Chicago house in a flooded market. You’ll want to be certain to make connections with buyers through professionals in the real estate industry. By surrounding yourself with a great team, you can instantly increase your contacts. 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 build your network as well.
Sell Directly to We Buy Houses Chicago
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 Chicago house in a flooded market is to sell directly to We Buy Houses Chicago. 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 Chicago house, send us a message call (773) 303-4303 today!