One of the big challenges in todays market is not selling your home but rather navigating the process in a flooded market. With so many properties listed, it can be difficult to stand out and be unique among so many other listings. Most everyone is trying to sell their home right now and cash in on the gains made in equity due to rising home prices and low-interest rates. This is literally a real estate bonanza! Additionally, as a result of Covid -19 the rise in unemployment has steadily increased and many homes in mortgage forbearance will soon come to an end. As a result, more housing will be coming online and eventually this will lead to a correction in housing values as supply begins to outpace demand. You can get ahead of the curve by reaching out to East Tennessee cash home buyers or learning the five ways you can sell your Knoxville house in a flooded market.
Staging
Buyers like to easily envision themselves living in the property, staging is one way to do it. This can be achieved by using a variety of tones and removing your personal belongings and clutter. Staging is not cheap but hiring a professional could be money worth spent! For one, it gives potential buyers a real sense of a home like atmosphere. Staging is just one example but it’s certainly one of the best way’s to sell your Knoxville house in a flooded market. A good rule of thumb when staging is creating the right mood. Soft music, candles and potpourri are among the most popular.
Owner Financing
If for some crazy reason you are unable to sell your Knoxville house in a flooded market, owner financing can appeal to a larger pool of potential home buyers. 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, this purchase price will reflect 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. If you decide owner financing is not right for you, calling East TN homebuyers for an all cash offer may be the perfect match!
Advanced Marketing
Using advanced marketing techniques is another way to sell your Knoxville house in a flooded market. Because so many homeowners now advertise on the internet, you may attract interest from we buy houses Knoxville, a local home buying company. You’ll need to you attract the highest price so take advantage of the top-rated sites and don’t hesitate to pay for more exposure! You may want to skip 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.
Networking
While networking with local investors like we buy houses Knoxville is one approach to to selling your Knoxville home in a flooded market, connecting with buyers through professionals in the real estate industry as well as surrounding yourself with a great team 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 East Tennessee Home Buyers LLC
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 Knoxville house in a flooded market is to sell directly to East Tennessee Home Buyers LLC. 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 Knoxville house, send us a message call (865) 935-8680 today!