Equifax

Finance Blog

Stay financially savvy with the Equifax Advisor.

Sign up for our FREE Monthly Email Newsletter

 

Thank you for signing up for the FREE Equifax monthly newsletter

In addition to keeping in the financial know, you may be interested in checking your credit score and report.

Understand your credit. Help protect your identity.

Equifax Complete™ Premier Plan

  • Know What May Influence Your Credit Score and Be Alerted of Changes
    Credit score monitoring with custom alerts
    Important Disclosure: The Equifax credit score and 3-Bureau credit scores are based on an Equifax credit score model and are not the same scores used by 3rd parties to assess your creditworthiness.¹
  • Help Protect Your Identity
    Automatic fraud alerts encourages lenders to take extra steps to verify your identity²
  • Lock Your Credit
    The ability to lock and unlock your Equifax Credit Report³
Save 75% your first 30 days with the purchase of Equifax Complete™ Premier

$4.95 for the first 30 days, then $19.95 per month thereafter. You may cancel at any time; however, we do not provide partial month refunds.4

¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.

²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.

³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.

4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.

Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.

Selling a House: 4 Tips to Get More Buyers through Your Door

Written by Ilyce Glink on July 23, 2010 in Real Estate  |   3 comments

Selling your home requires getting as many buyers through the door as possible, and you want to make sure you’re doing everything you can to get their attention. Fortunately, that doesn’t mean you need to drop your asking price right away. Instead, consider these home…

Selling home tips to get more buyers

Selling your home requires getting as many buyers through the door as possible, and you want to make sure you’re doing everything you can to get their attention.

Fortunately, that doesn’t mean you need to drop your asking price right away. Instead, consider these home selling tips:

Selling a House Tip #1: Make your house look good enough to be on TV.

Today’s home buyers have watched tons of real estate programming on HGTV, Bravo, and other satellite networks that shows how to transform ugly homes into polished gems.

These shows are wildly popular, which means that home buyers (perhaps unrealistically) expect your house to be sparkling clean and professionally decorated and staged.

In other words, your house should look as clean and polished as a model home in a new home subdivision, and look good enough to be on TV.

Not sure how to do that? Check out some of my staging videos. And remember the Glink home-staging mantra: Pack away, throw away, or give away anything you haven’t seen or used in the past two years.

Selling a House Tip #2: Get your house online.

If you’re using a listing agent, ask him or her where on the Web your listing will appear. The answer you’re looking for is “Everywhere.” Your house should appear on the local multiple listing service (MLS) as well as the broker’s own site and Realtor.com. You also want to be sure your property is available at Trulia, Zillow, and as many other websites that feature homes for sale as possible.

You should also consider putting up your own website to promote the listing. Use the street address for the property as the site URL. For example, 123MainStreetAnytownState.com. While the URL will be long, it will attract buyers who are searching for homes in a particular location. Make sure the site includes plenty of photos of your property, including exterior and interior shots and any neighborhood shots that would help a potential buyer understand why you enjoy living there.

If you set up the website on a blogging platform, such as WordPress or Blogger, you’ll be able to add details in the form of blog posts about the property, why you bought it, and what you like about. These posts will also help attract visitors to your site.

Finally, consider setting up a YouTube account. Again, use the street address of the property as your YouTube account name to maximize search results. Then shoot video of the property, the special features of the neighborhood, and you talking about why you love living there.

While it will take you some time to create the appropriate online presence for your house, it will allow you to promote the property on a much wider level. And the more people who know you have a house for sale, the more likely it is that you’ll get a good offer.

Selling a House Tip #3: Know the competition.

Are other houses for sale in your neighborhood? Are any of them selling? You should spend your weekends touring neighborhood open houses so you can stay on top of your competition.

To sell your house, you’ll have to ensure it looks better and is priced more competitively than other houses in the neighborhood. If you don’t get out there and see what properties come on the market and at what price point, you won’t know if you’re priced right for the market.

Start a file of all the listing sheets for properties that are for sale in your market. If a house in your neighborhood sells, be sure to find out how much it sold for and note that in your folder. Over time, you’ll be able to pinpoint what is happening with the local real estate market.

Selling a House Tip #4: Price it right.

If you want to sell, you’ll have to understand exactly what kind of offers sellers are taking.

Although your house might look better than other homes for sale in your neighborhood, appraisers are working under new rules that require them to look only at homes that have sold in the past 90 days. And even if a house was a disaster of a foreclosure and sold for pennies on the dollar, appraisers are required to consider those comps as equal to other home sales.

Because appraisers, and mortgage lenders, are being extremely cautious, you won’t be able to sell your home if it doesn’t appraise out in value. That means even if you find a buyer who agrees to pay you $100,000 for your home, if its appraised value is only $75,000 (thanks to a bunch of bottom-of-the-barrel foreclosure sales), you won’t be able to sell for a price higher than $75,000.

You’re far better off pricing your home realistically from the get-go. While you may not make a killing, hopefully you won’t wind up having to ask your lender for a short sale.

Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com and at the Home Equity blog for CBS MoneyWatch.

READ MORE:
The Best Way To Value Investment Property
How to Find a Great Real Estate Agent
Will the Real Estate Summer Slowdown Mean Lower Prices?
No More Home Buyer Tax Credits: Is Now a Good Time to Buy a House?

3 comments

  1. Admin says:

    I would like to add few more tips. Apart from making the house sparkling clean, it is important that the potential seller depersonalizes house. This means one should remove all the personal photographs and artifacts so that it is easy for the buyers to imagine themselves in the house. I would also advise the sellers to go for a home inspection. It is the buyers who generally hire home inspectors to get a neutral opinion about the house but sellers can also opt for home inspection. It will help them to get an objective view about their house and those areas of the home which needs to be worked on. For more information, visit http://www.revealty.com.

  2. Étienne says:

    I think you are doing great job with your post, These 4 tips are very nice, And very useful for me. You are right, I agree with you, Today's home buyers have watched tons of real estate programming on HGTV, Bravo, and other satellite networks that shows how to transform ugly homes into polished gems.Thanks for it.
    Adirondack Rentals

  3. Étienne says:

    These all the nice tips, And very useful.I think, home sellers are in a tough spot: the number of homes for sale is increasing just as the number of home buyers is decreasing.
    That means you might have to drop your price to catch a home buyer's interest.
    Lake Placid Real Estate


Leave a Comment


Name :


Commenting guidelines

We welcome your interest and participation on this forum, but be aware that comments will be published at Equifax's sole discretion. Please don't use this blog to submit questions or concerns about your Equifax credit report or raise customer service issues. Instead, you should contact Equifax directly for all such matters and any attempts to do so in this forum will be promptly re-directed.

Some other factors to consider when commenting:
  1. Registration and privacy. While no registration is required to visit our forum, participants wishing to post a message must register by creating an account. All personal information provided by forum members incident to registration is governed by our Terms of Use and Privacy Policy.
  2. All comments are anonymous. We'll delete your name, e-mail address, and any other identifying information, including details about your investments.
  3. We can't post or respond to every comment - As much as we'd like to, we can't post every comment, nor can we guarantee that we will respond to each individual message. All questions or comments about your Equifax credit report or similar customer service issues should be handled by contacting Equifax directly.
  4. Don't offer specific legal, tax or financial advice. All of the materials on this Site are for information, education, and noncommercial purposes only and this forum is not intended as a means of expressing views or ideas regarding any specific legal, tax, or investment advice. While offering general rules of thumb is both permitted and encouraged, recommending specific ideas or strategies regarding investments, taxes, and related matters is prohibited.
  5. Credit Repair. This blog is not intended as a venue for the discussion or exchange of ideas regarding credit repair or other strategies intended to assist visitors and community members improve or otherwise modify their credit histories, ratings or scores.
  6. Stay on topic. Your comment should be concise and pertain to the specific post in question.
  7. Be respectful of the community. The use of profanity, offensive language, spam, and personal attacks will not be tolerated and egregious or repeat offenders will be banned from future participation. We encourage disagreement and healthy debate, but please refrain from personal attacks on our WordPresss and contributors.
  8. Finally: Participation in this forum may be terminated by Equifax immediately and without notice for failure to comply with any guidelines or Terms of Use. As such, you should familiarize yourself with all pertinent requirements prior to submitting any response through the blog or otherwise. All opinions expressed in this forum are solely those of the individual submitting the comment, and don't necessarily represent the views of Equifax or its management.

Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.


Real Estate Archive