HOW TO SELL A HOUSE IN A BAD NEIGHBORHOOD

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If that is not for you and you want to know how to sell a house in a bad neighborhood, first you need to think of all the positives. If you are good at emphasizing the positives, like now is a good time to get a low interest mortgage, you will likely have a better chance at selling your house quickly. Here are some house selling tips:

1) People who might buy your house will not have to worry about the the area going downhill because it is already there. In all liklihood, the "bad neighborhood" may get better which would make your house a good investment.

2) If you are trying to rent a rental in a bad neighborhood, you might have an advantage over a good neighborhood. This is because people in the lower income brackets tend to rent longer because they never have enough money to move and buy a house. Finding renters in a good neighborhood is often difficult because everyone there is looking to buy. Come up with as many reasons to rent and you will be able to make a better sales pitch to your potential renters.

3) If you make your house better looking than all those around it, which is often not hard to do in a bad neighborhood, your house will stand out among the rest. Make sure your house you want to sell is the best looking house on the block in that "bad neighborhood". You might try looking up some repairing home tips first.

4) Houses in rough neighborhoods are much more "recession proof" than houses in nicer areas. This is a great selling point in these troubled times.

5) Many people want to buy a house in a nice neighborhood but just can't afford it. This is your chance to reach those people and give them that nice house in a neighborhood that is not so nice but will only get better. How to sell a house in a bad neighborhood can be a challenge but with creativity and hard work, it can be done.

HOW TO SELL A HOUSE IN A RECESSION

Unfortunately right now is not a good time to sell a house. House prices are way down from their highs and there are many homes for sale on the market do to the poor economy. This is true whether you are in real estate in a small community or a big one. Right now it is a buyer's market and sellers need to do everything they can to sweeten the deal to make the sale. If you want to know how to sell a house in a recession, there are some things you can do to speed up the sale but nothing is guaranteed.

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Assuming you have a little time but still want to sell a house in a recession, you might want to try to negotiate with your real estate broker. If you agree to up your realator's percentage slightly, he/she will probably put in some extra effort to sell your house. If you up their percentage, it will give them incentive to hold more open houses on the weekend and to send more flyers out.

Holding an open house every weekend is a must if you really want to do a good job and sell your house in a recession. You need to keep the visabiltiy up so that the maximum number of people will know your house is for sale. You cannot sit back and wait for peopel to come to you. In a sellers market where there are more buyers than sellers you can do that. But in a buyers market like we have now you need to go out and actively advertise your house.

Networking with friends is the first place to start advertising your house. You must put in some effort on your own and not count on your real estate broker to sell it for you. The more work you do selling your house, the more chances you will have to sell it. Another thing you should do is to make everyone in your immediate neighborhood aware of your house being for sale. Sometimes they will know someone who liks the neighborhood and has been looking to move into it.

Advertising on the Internet and in your local papers will also help get the word out. The more places you can think of to advertise, the better. You need to approach selling your house like it is a job. There are no easy ways to sell a house in a recession other than work, work, work.