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04/14/2008

How to Effectively Market Your Home to Buyers

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Lyle Martin          April 08, 2008    Lyleheadshotprimary_smaller_2

As a home seller, you and your real estate agent have a lot of tools available to attract the attention of potential home buyers. Here are some of the most commonly used methods for advertising property listings and expert insight into their effectiveness.

Multiple Listing Service

The Multiple Listing Service is one of the most effective marketing tools you can use when selling your home. An MLS is a private database that allows real estate brokers who are representing home sellers to share information about property listings with real estate brokers who represent home buyers. Most buyers´ agents rely primarily on the MLS when looking for homes for their customers.

The only way to market your home through the MLS is by listing with a real estate agent who is a member of the local MLS.

Compensation to the selling agent is offered on all homes in the MLS. While the percentage may vary, it is typically around three percent. Make sure your agent specifies in writing how much of the commission you pay will be offered through the MLS to the selling agent. Don´t be fooled by an agent who offers to lower their commission—oftentimes to keep you from choosing a discount broker—and then offers less than the customary rate in the MLS.

Yard Signs

Home buyers tend to drive through the neighborhoods they are interested in so yard signs can easily attract their attention. Also, people who live in your neighborhood may have friends who have expressed an interest in the area. Always allow your agent to put a "For Sale!" sign in your yard.

Avoid "sign riders" that say "By Appointment Only!" All showings are by appointment so you don´t need to spell it out on the sign. Besides, it sounds uninviting. Also, make it easy for your home to be shown. Allow a lockbox to be placed on your home so other agents can show it to potential buyers quickly and easily.

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Comments

Yes, he nicely explains nicely about How to Effectively Market Your Home to Buyers. he given some suggestions to market home to buyers.

Yes I thought he did a good job on the article as well. This is not rocket science.

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