Tuesday, June 21, 2011

The new option when selling

Historically a listing appointment focused on 2 main objectives; what needed to be done to a home (staging) and the best price to list. These days in Austin, Tx., a seller should also acquire data on leasing their home.
Houses need staging to sell. Staging could be as simple as weeding the garden and mowing the yard. Staging a home could also be interior/exterior paint plus renting a storage unit for all the treasures inside. Houses also need to be priced correctly. Researching similar homes in school districts or neighborhoods or with similar features will aid in targeting the future buyer pool.
A 3rd category for a seller is the idea of leasing their home (not selling right away). It really is not all that new, but I have made it a question to ask when visiting with sellers. The market for leases is very active. A seller has a chance at a great pool of lease candidates who are paying top dollar. Preparation money to stage could be lower for leasing vs. selling. And if your house is in a market with a high inventory of listed homes or even a few foreclosures you might avoid a lesser sales price. With predictions of Texas doubling in size in 20-30 years your home could be a great investment property. Renting might not be the perfect fit for everyone (turning the homestead into a rental) but it should be a consideration when selling these days especially if your wanting to get these incredibly low interest rates.

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