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Motivating Buyers In A Slow Market



I


n a seller’s market for         demand and so on, it is really    
real estate, buyers make        just a cycle. For the next few    
offers as quickly as            years, buyers will have the       
possible to avoid getting beat        leverage. Eventually, things will 
out by another buyer. In a            flip and sellers will be back in  
buyer’s market, however, they are     power. In a nutshell, this is the 
much more conservative.               real estate market.               
                                                                        
Motivating Buyers In A Slow           If you are motivated to sell now, 
Market                                you are probably wondering how    
                                      you can swipe some of the         
In the recent seller’s market,        leverage back from buyers. There  
buyers were at a major                are a number of ways, but a few   
disadvantage. They had to make up     in particular will help you       
their minds immediately and get       motivate potential buyers to act  
offers in on properties as soon       now and act quickly.              
as possible. In some parts of the                                       
country, the mad rush led to          The first step to take has        
properties not only receiving         everything to do with showing     
offers before they hit MLS, but       your home. Simply put, you want   
actually closing on said offers       to show it a maximum of one time  
before the ads came out. If you       a week. Ideally, you want to get  
were a seller, it did not get         as many potential buyers in the   
much better than that!                home at the same time as          
                                      possible. If you can get three or 
Times have changed. Now buyers        four parties at the same time and 
have the leverage in the real         they like your property, you      
estate market. While many gurus       should see some pretty quick      
will tell you this change is the      action on the property.           
result of interest rates, slowing                                       



A second step is to define your       serious low ball you because they 
motivation for selling. The goal      know you need to sell by such and 
is to focus on the time you want      such date. You can either risk it 
to sell by, not so much the           and hold to the property if the   
reason. A drop dead date can act      offers are to low or simply avoid 
as a motivator for buyers to take     using this strategy.              
action. This is particularly true                                       
if you tell a group of buyers         In a buyer’s market, the key to   
when they are at your viewing.        getting offers on your home is to 
When using this tactic, it is         motivate the buyers. These steps  
important to understand it can        may just be the trick.            
backfire. If you only have on         

                              
interested buyer, they may            




About the Author:

Raynor James is with http://www.fsboamerica.org - FSBO homes.


Read more articles by: Raynor James

Article Source: www.iSnare.com


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    Motivating Buyers In A Slow Market