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Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

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Page 1: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

Sadly, the real estate market in the United Kingdom was not unaffected by the global recession with property

values declining by as high as 25% in many cities. Although the market seems ripe for buying up real property because of the low selling prices, many prospective buyers are still

hesitant to do so.

Page 2: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

Fortunately, the best real estate agents in the country have more than a few tricks up their sleeves in selling houses

that would have otherwise stayed on the market for months on end. The job then of home owners who want

to sell their houses is to contact an experienced real estate agent who knows the following creative ways to sell real

property even in a down market.

Page 3: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

Apply Local Customs:Don't dismiss the power of faith when selling houses. Competent estate agents know when to respect local customs in order to sell houses especially

when said local traditions are harmless anyway. For example, many Britons believe that a horseshoe hanging

over the door will bring good luck. Before showing the house, hang a horseshoe right way up over the main

doorway.

Page 4: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

Sweeten the Deal:The above mentioned suggestion appeals to the spiritual side of prospective buyers. In

contrast, sweetening the deal with extras appeals to the all-too-real material wants of clients. Most individuals will

not resist freebies, after all, so go ahead and add extras like small home appliances, personal gadgets, and even

furniture; club memberships for a year in the nearest health club or gym; and cars like a Jeep.

Page 5: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

Extras need not be on the expensive side. Even the little touches that speak of your attention to details will get the

buyers' attention. Think of small fruit baskets, a small platter of strawberries with dipping chocolate, and

perhaps a bouquet of flowers. Whatever extra amount spent on the extras will be well worth their prices when

the house is sold.

Page 6: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

Throw a Party:Real estate agents will also throw a small party for all prospective buyers inside the house up for

sale. The purpose is to let the prospective buyers experience the home - to imagine how it will fit into their lifestyle and to let them see how the house will look with

people in it. Creativity is very important here since you cannot just throw any kind of party. Look at the house and

see how it can be marketed to the target clientèle. For example, a Cinco de Mayo party may be appropriate if the

prospective buyers are from a predominantly Hispanic neighbourhood.

Page 7: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

Go Online and Network:Why limit yourself to face-to-face contacts? Use the online social networking sites like

Facebook and Twitter to sell the real properties. Word-of-mouth via online sites is often more powerful than face-to-

face interactions mainly because you can reach a larger audience faster.

Page 8: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

There are other ways that estate agents sell houses even in a down market. Think of reverse auctions and partial

trades but when both of these traditional methods fail to achieve the purpose, it's time to be creative.

Page 9: Imaginative Ways Real Estate Agents Sell Houses in Depressed Markets

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