The current economic crisis has decreased the number of potential buyers to the minimum.
More and more people are willing to sell their houses whereas less and less are willing to buy them.
The situation is very dire for people who need to sell their house for urgent reason but unfortunately cannot find a suitable buyer for their property.
Some expert opinions suggest that the economic situation is set to continue for some time.
In this scenario, those people who want to sell their house immediately must apply creative and innovative methods in order to sell their houses because only non-traditional and creative approach can assure a decent buyer in current situation.
Some of these methods are listed below for you information.
These are very practical methods and can be applied by anyone.
Fixing a price The first step in selling a house, and for that matter - any commodity, is the fixing of its price.
You must have an amount in your mind which you will ask the buyer to pay.
In addition to that, you must have another amount in your mind, slightly lesser than the first amount.
At which you will finally settle.
It is your benchmark.
The most common method for determining the price of a property is to hire a professional valuer.
You can also ask around for the prices of houses that have been recently sold in your neighborhood.
These exercises will give you a fair idea of the prevailing market price and the price of your house will lie somewhere near it.
Advertisement There is an old saying: No one will know until you tell them.
If you are selling your house, it is imperative that you tell people about it.
The easiest way is to display a 'FOR SALE' sign in your front porch.
However, this will get you only a limited number of audiences.
You can use the classified sections of your newspaper as well as the internet.
These will ensure that you message gets through to a lot of people in a very short span of time.
Preparing a list The next step is to prepare a list of your potential buyers.
As soon as your advertisement appears in the newspaper and on the net, you will start receiving calls form potential buyers.
Remember, all of these people are not really interested in buying the house.
Only some of the calls will be from genuine buyers.
Ask the callers to pay you a visit so that you can meet them in person and they can also see the property for themselves.
The non-serious callers will not bother to come.
Make a list of all such callers who, in your opinion, are serious about buying.
Once you have a list, you can meet them one by one.
Offer your buyer incentive and/or a choice of payment mode Most of the houses that do not get sold today are because of the reason that the seller insists on cash payment.
If you offer your buyer a choice of payment modes like seller financing or lease options, your house may be sold sooner than you expect.
The key is to keep your own, and the buyer's, options open.