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The Home Buyer Mindset - What Every Seller Should Know

BY: Karl Hartley | Category: Others | Submitted: 2010-10-27 13:51:13
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Article Summary: "If you are selling a home, it is important to understand the mindset of the home buyer. Knowing what a buyer thinks and looks for will greatly increase your chances of selling your home fast and easy!.."

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Value on homes have significantly dropped in the last two or three years. Nevertheless, those trying to sell their homes either to take advantage of the market to swtich to a better one or to evade possible foreclosures are searching for every lead they can use to get the finest asking price.

To arrive at a sure-fire formula to getting the best value for the home you are listing, it is critical to get inside the mind of a prospective home buyer. Experts in the real estate loop know this for a fact - one has to see things from the buyer's perspective in order to arrive at the best possible agreement when selling a home.

If you are putting a home in the market to preclude possible foreclosure, you must have a lot of emotions attached to the house. It will be very tough to let go, especially when you have so many happy memories that transpired in that home. But emotions have no place in home selling, so it is best to leave them out of the deal. Your buyer will not need to hear about your better moments at this house - he will only want to get the best deal at the least expense.

Secondly, most buyers today are searching for homes they can move into right away. So that means there shouldn't be any more major renovations to be done. It must be due to the availability of so many hproperties in the market that most buyers will want one that fits their exact specifications. You will have an advantage in the market if you have consistently maintained and upgraded your home to market standards.

So if your home looks as if it can fetch a better price with a little upgrading, go do it. It is also advisable that you have professionals facilitate the repairs and upgrading, even if you assume you can save with do-it-yourself kits. Put yourself in the place of the buyer once more, and ask yourself what you'd like to hear when buying a home. Certainly you would prefer hearing "We had this room professionally painted" rather than "I did all the repairs in this room all by myself".

It is a standard procedure for buyers to inquire if any recent renovation had been completed on the home, and it will mean a world of difference if they hear that these had been done by experts in the home repair arena.

Lastly, give more thought to out of state buyers. A lot of people looking to buy homes commonly come from out-of-state and have opted to relocate because long-term work assignments. They are usually in a rush to buy and move in and will be agreeable to pay more. That is the best upside to selling to out-of state-buyers.

When thinking of putting your home up for sale, it is better to tie up with a real estate agent who can give you helpful advice on how to get a desirable selling price for your home. Most real estate agents team up with other out-of-state realtors, so you might miss the chance of landing a good deal if you purely relied on your limited selling knowhow.

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For more tips on getting the best value for the home you are selling and to learn more about the selling to out-of-state buyers, check out

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