What amazes me is that nearly all home owners don’t sell their homes. They advertise homes, they list homes, but they don’t SELL houses. In a good market you can rest on your laurels, when times are tough you must be willing to innovate. Stop complaining about the weak market and start SELLING your houses!

I’ve got 5 tricks for marketing a house more quickly in a weaker marketplace:

1. Make Your Listing Sparkle!

A lot of listings are uninviting, informative but don’t sell the home. That’s because most people leave it with to the realtor to develop the listing, which is communicating with other brokers. Instead, take charge of your own listing. Make sure the photographs are great, definitely not typical. Photoshop the pictures so there will be outstanding photographs of the entrance, the kitchen area and the most appealing features of the home. Don’t take the outside pictures on a cloud day; wait for sun. If the front lawn looks dead and brown, you can use your computer photo program to brush it up and add some green to the grass. Whenever a buyer’s agent is looking at the MLS with their clients, you have got two seconds to catch their attention and cause a showing – you need to make a great first impression!

2. Use Lots of Directional Signs

A sign in the front of your house is fine if your home is on a major avenue, otherwise you must get traffic to the residence. Use lots of directional signs coming from the most adjacent main road to the home. On weekends, tie bunches of balloons on the primary sign on the road.

3. Utilize a Professional Sign in front of the house

Do not, I repeat DO NOT use the economical sign you get at the hardware store. Purchase a strong metal-framed sign which includes an attached flyer container which is easy for folks to grab your brochure. In the event the property is empty, have an arrow together with the words “More info” going to the house, and put your flyer box on the front step of the dwelling. This can get folks looking into the residence, which is exactly what you want

4. You need a FANTASIC Flyer

It surprises me how bland and unappealing most property facts leaflets are prepared. The typical agent usually prints the flyer in black and white off the Multiple listing service listing computer. Instead, use a full color flyer with optimal high-resolution photos of the inside. If you are not a digital camera aficionado, place an ad online at Craigslist and hire a low cost freelancer to take and edit some photos. Sell the features of your home, not the facts.

5. Sell Home Shoppers on the Home

Many sellers show houses, and say, in effect, “Hope to See You Again”. Let me ask a question… is that what car dealers do? Certainly not! The cardinal rule of a salesman is to NEVER let a customer off the lot. Why would selling your home be any different? If you generate the useful information and facts from the buyer to understand that he or she is in the “making a decision” mode, encourage him or her to make a decision.

Can you remember going into a car dealer thinking to yourself, “I’m just looking, I have not made up my mind yet”? And then, for some inexplicable reason, you left the dealer with a new car! Why? Because that salesman SOLD it to you, he didn’t just let you test drive.

Not all buyers are ready to make a decision, but if he’s been looking at a few houses for a few weeks, he may be wanting to decide, even if he says otherwise. Be prepared with a contract for purchase and try to get the buyer to leave you a deposit check, even if it is refundable. Secure as much commitment as you are able to; rather than merely showing the property, SELL it!

“Whether you think you can or you think you can’t, you are right” – Henry Ford

I am sure you’ve heard the expression, “Attitude is everything.”  This is very true. Right now, it’s simply your attitude and mentality that will give you the edge over others who are trying to invest in this highly violatile market.   You’ve undoubtedly heard the importance of thinking positive and having the right attitude.  Most people are intelligent enough to know that this statement is true.  Some people reading this will argue that a positive attitude doesn’t always work.  Well, maybe not, but I know one thing for sure – negative thinking and a negative attitude NEVER works!  So your only choice and your only chance for success in this market are to pick the positive things in life and maintain a positive attitude at all times.

I once read a fortune cookie that said, “An optimist is someone who tells you to cheer up when things are going his way”.  I know that if you are reading this article, times may be difficult and you need serious answers to your burning questions such as, “How I profit in a slow market”?  There are many answers to this question, but first I need to impart to you some relative perspective.

A History Lesson on Real Estate Cycles

About every ten to twelve years, as an average, real estate values tend to double in most major metropolitan areas.  For example, in the 1920’s, the original colonial homes sold for just under $2,500 in Long Island, New York.  Since then, real estate prices have doubled almost eight times over the last 80 years.  That averages out to a 100% increase approximately every ten years.  An interesting note to this is that about every ten to twelve years, real estate values must correct before they enter their next “doubling cycle”.

It’s Not a Matter of If, It’s a Matter of When

The evolutionary process is three steps forward and one step backwards.  For example, imagine a 100% increase occurring in three steps of one-third parts each.  The last market cycle of the 1980’s was one in which real estate values doubled, followed by a correction of the early 1990’s, which equated to a 20-30% decrease over a three to five year period.  This cycle was then followed by the post-millennium cycle boom of 100% from the last high point of the previous cycle.  We are now in the naturally-occurring phase of a correction in the cycle.  This essential and beneficial adjustment gives the market pause to reflect and re-gather momentum and strength for the next doubling cycle.  This has occurred time and time again because the long-term demand for housing is growing an exponential rate based on population growth to almost double in the United States by 2050.  This will continue to drive prices higher as it has for the last 100 years.

Since we now know based on history that nearly all real estate prices will double again, it’s not a matter of if, it’s a matter of when your existing houses will sell.  Sharing these facts with your prospective buyers will put them in the right frame of mind to buy now versus next year if they plan on staying in the home more than five years.  If a buyer is apprehensive about being the right time to invest, ask him if he’d like to buy his parent’s home for the price they paid for it – the answer will be obviously “yes”.

Maintain a Positive Attitude Assuming a Negative Result

In “Winning Through Intimidation” author Robert Ringer talks of the importance of maintaining a positive attitude through the assumption of a negative result.  In other words, Ringer suggests that you be prepared for the worst case scenario while at the same time putting your best foot forward to get the best possible result.  This will take the mental pressure off of you and allow you to focus on getting the job done.  This approach, I believe, allows you to be positive and realistic in your mental assessment buying and selling houses.

If it Bleeds, it Leads

There’s an old expression in the media business, “If it bleeds, it leads.”  In other words, the media loves to cover negative news more than positive because it sells better.  When the real estate market is in turmoil, the media loves to run these negative headlines to keep reminding people how bad things are.  When buyers hear the bad news, it affects demand because the negative news drives fear, which makes buyers worry about whether the time is right to buy a home.

Is the media simply reporting the news or does the media actually affect the news in this regard?  The answer is obviously both.  The media reporting negative news alone can’t shape a real estate market.  However, since perception is often reality, when buyers are spooked, they may shy away from buying.  This affects lenders, builders, real estate agents and other professionals who rely on the real estate business for their income.  It becomes almost a self-fulfilling prophecy because things get worse and the media again reminds us how bad things are.

But, are things really as bad as the media reports?  At the time of this article (October 2008) the numbers certainly do reflect falling home prices and rising foreclosures.  When you hear that foreclosures have doubled or even tripled in a particular area, this may sound catastrophic at first until you realize that the vast majority of homes (97-99%, depending on the local market) are NOT in foreclosure.  Despite the doom and gloom, there’s always a buyer for a well-kept home offered at the right price and terms.  In short, don’t read the paper if you want to keep a positive attitude and sell your homes fast!

Ready Fire, Aim, Fire

Well done is better than well said – you have to take a whole lot of action to get your houses sold in s slow market.  In a good real estate market, people can sell a house fast, so when things slow down, they figure, “Oh well, there’s nothing I can do.”  Nothing could be further from the truth.  Not only is there something you can do, but there’s a lot you MUST do to get your house sold.  However, it’s not just about working hard, it’s about working SMART.  You need to do things in the right order and in the right way to get the proper results.

However, don’t focus too much on perfection before you take action.  You’re probably familiar with the phenomenon of the “C” student who outperforms the “A” student in real life.  This is because the “C” student is often satisfied with doing a mediocre job at something, but just getting it done.  The “A” student mentality often leads to paralysis of analysis and inaction.  In other words, the bottom line is getting your house exposed to as many buyers as possible, not necessarily getting it done perfectly.  For example, many sellers want to show their house only when it’s convenient for them and the house is in perfect shape to be shown, instead of when a buyer is ready.  While showing a house in its best condition is a priority, it doesn’t make sense to put off a ready, willing and able buyer for too long.

Fear

Many people reading this are prone to inaction because of fear of doing it incorrectly.  Remember, it’s not a matter of doing it perfectly, but putting forth your best effort.  As I discussed earlier, a lot of effort at a “C” level beats doing less things at an “A” level.

Lack of knowledge certainly makes it difficult to sell a house fast in a slow market, and in fact is probably the single biggest drawback for the average person.  Most people only have the opportunity to sell a few houses in their lifetime and often rely on professionals to do the work.  Thus, the average home seller does not have enough practice to get really good at the job.  In fact, most real estate agents who sell houses for a living are hardly good at it.  The top 5% of agents in any market do the vast majority of the business.

Taking the time to learn what to do is a very important part of the success in selling a house.  In the classic book “Think & Grow Rich”, Napoleon Hill writes about the importance of learning the right things.  He distinguishes between general knowledge and specialized knowledge.  Certainly, there’s a lot of general real estate knowledge in bookstores and floating around the Internet, but this book is unique because it offers the very specialized knowledge of how to sell a house … QUICKLY!  Our experience in selling thousands of homes will reveal the very specialized knowledge you’ll need to get your house sold fast and at the highest price you can get for your market.

Every home buyer is different. Some have credit issues. Some are buying from out of state. Some have a need for help selling their current home in addition to buying a new one. Just as buyers have different needs, real estate agents have different skills and specialties.

Here’s how to locate the agent who’s meets your needs:

1. Ask associates for agent recommendations.

Noone knows you as well as your friends do. So they’re often in the best position to recommend an agent who is well-suited for your needs. You can also trust a referral from friends or family more than one that comes from a stranger.

2. Check with a few agents.

I once saw a statistic that 84% of home buyers choose the first real estate agent they contact. This means one of two things. Either most people are choosing wisely the first time, or they’re just rushing into things without shopping around. Probably a little of both.

You don’t have to exhaust yourself meeting with agent after agent, but at least consult two or three to see who you’re most happy with (which leads to the next point).

3. Look at the vibe factor.

Professional talent is an fundamental criterion when selecting a realtor. But interpersonal skills are equally important. Considering that, you may be working together with this person from 2 to 12 months, therefore it really helps to get along with them. We all have unique personalities, and that’s just how it really should be. But when working together with a person professionally, if helps if their disposition “meshes” well along with your own.

4. Ask how they search.

When electing a agent, find out how they search for homes. Many realtors have their own preferred listings who they prefer. Nevertheless , you want what’s the best choice for you, not what’s most effective for the real estate agent. You’re paying them, correct? Therefore be certain the realtor is willing to hunt high and low to find the ideal house for you. Which includes implementing the Multiple Listing Service (MLS) in addition to their particular personal network.

5. Read forms thoroughly.

This counsel is heavily useful for a valid reason. It truly is critical for you to review all written documents during the home buying process, including your realtor agreement. Eventually during the working relationship, your broker might ask you to sign an agent agreement. Basically, it just means that if the agent shows you a certain residence, your purchase of the property or home should really be credited to that broker. Typically it’s a basic form, just make sure to read it thoroughly and ask questions.