With the economy now in a recession, and dire predictions from financial institutions, how does one go about selling a home in this market?  We can mask it with a variety of buzz words like changing market, negative growth and slowing pace, but the fact remains that today's market, when selling a home, is no longer a Seller's market.  Putting a positive spin on this will confuse and misdirect a Seller, who will then price their home above the market.  The only result will be a loss to the Seller as they chase the market down..

A brief look back to 1990 when the economy was plunging and buyers headed for the hills, will give us a clue.

First and foremost - price it right.  Price is the most important factor in a falling market.  It is always going to be less than you think, but half today is better than a quarter tomorrow.

Make is sparkle - get a stager, spruce it up and get rid of clutter.  Most agents will do a "walk through" with you - once you've committed to them - and point out what should stay and what should go.  Be prepared to move furniture, paint, clean, and redecorate.  For information on how to present your home to a potential Buyer click here.     

Find the right agent.  Find an agent who has experience in a down market, one who knows what works and what doesn't, and follow their advise.

And finally - be prepared to accept the first offer.  This is usually your best offer - work with it, compromise, make adjustments, and move on.

For more information, or a FREE evaluation of your home please call me at 416-930-9857 or email me at epaulicpulle@trebnet.com