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Legal So, you are thinking of selling your house amidst the housing recession. Your fears of not being able to find a sure buyer is warranted considering that many, if not most, potential homeowners are wary of the plummeting values of real estate in the country. This is true even when the home prices, mortgage interests and other costs of home purchase have plummeted by as much as 20% since the Great Recession began in December 2007. The good news is that there are ways to sell your house even in the economic recession. Think of your house as belonging to the recession-proof real estate properties that will be sold sooner than later. You just have to remember a few tips from the experts. Play Up the Location Location, location, location. This is the mantra of buyers and sellers of real estate property and it is a principle that you can apply in selling your house. Take note that houses can be replaced with another structure but the land remains as is. So, even if your house is not exactly Aaron Spelling’s mega-mansion, it will sell if and when you play up the land’s location itself. In your listing of the house, let potential buyers imagine the desirable location of the home. If the land has a great view of the city or the lake, then mention it in the listing. If the house is within the proximity of a well-known neighborhood, play it up as well. Other possible ways to entice prospective buyers include: Quality of schools Safety of the area including police visibility Presence of public services including arts and culture as well as parks and playgrounds Good infrastructure If you can convince prospective buyers of your property’s good location, you have higher chances of a house visit. You can then put your persuasive skills to the test and perhaps even ask for professional help from a real estate agent. Go Low on Carrying Costs Put yourself in the place of prospective buyers especially in terms of finance. If you can help in lessening the carrying costs of the sale including the closing costs, you are in a better position to sell your house. You can also minimize your pre-sale costs such as the expenses for the house staging. This way, the total price of the house can be lessened with prospective buyers looking at the property in a more favorable light than the competition. Remodel Where It Matters the Most You may also want to look at upgrades to your home so as to make it more attractive to prospective buyers. You don’t have to spend thousands on the renovations either. The trick is in upgrading features that potential buyers are looking for in a new home. These rules of thumb in the matter can help: Appeal to the mass market. Unique ideas like reverse floor plans are good but not when you are trying to sell a house in a down market. Make the bathrooms and kitchen attractive. Take note that women often make the purchasing decisions so do appeal to their senses. Upgrade to an energy efficient home. Eco-friendly homes with lesser amount necessary for energy bills are more attractive nowadays. With plenty of thought a little imagination, it is possible to sell your house in a buyer’s market. And at your own terms, to boot! About the Author: Annulment Of Award Possible If Procedures In Arbitration Contract Or Terms Of Reference Not Complied By: Hassan Elhais – A party to an arbitration contract have right to request annulment of arbitration award if arbitrator did not follow the procedures contained in the arbitration contract or the agreed terms of reference. Tags: Comparing The Best Recommendations For Handling Employment Discrimination Issues By: Robert K. Sanders – Employers make plenty of mistakes and you cannot really blame them if they do not know everything about the employment law. 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