How to Sell Your House in a Bad Economy

Video Transcript

"This is financial adviser, Patrick Munro, talking about how to sell your house in a bad economy. Basically, nowadays, we are in a recessionary time. And the real estate market, the housing crisis as it's referred to, is really in a lock down status. There are ways to get the added advantage to move your house quicker. One is to make sure that the house is prices appropriately. Make sure that you get a good appraisal prior to listing your house. It's money well spent. Because if you get an offer coming in, you can have a professional appraisal there saying the house is worth what it is, and you won't take less. The other way to enhance the value of your house is to hire a staging company. A staging company will come in, and for a modest fee, they'll survey your house, tell you what to remove from the house or perhaps to add to enhance the overall benefits of the house. Perhaps it's a little bit of lighting to be installed and to remove some other things that create clutter. Perhaps they'll ask you to paint a particular area of the house. Bottom line, it makes the house present well. That's why it's called a staging company. I can assure you there's many success stories out there where the house literally shows better than anything in the neighborhood and ends up, in fact, selling for a higher dollar value. Thus recouping the cost of the staging company. This is Patrick Munro, financial adviser, talking about how to sell a house quickly."