The Las Vegas and Henderson real estate market goes through cycles. One day it is seller motivated, another day it is buyer motivated. The seller must understand the market conditions to know how best to sell Las Vegas area homes. Many factors affect the sale of Las Vegas property. If you are having trouble selling your home here are a few suggestions:
Pricing is worth about 80% of marketing in the Las Vegas and Henderson markets. Your house should be priced according to the current market changes, not the market that existed 12 months ago.
Many Las Vegas area sellers have unrealistic expectations. In my opinion, sellers should view there houses value as a range rather than a designated dollar amount. Sellers have to be able to change with the Las Vegas market conditions. Consider Value Range Marketing as a way to set reasonable expectations for both buyer and seller.
Many Las Vegas real estate brokerages work on discounted commission structures. They will list your house for 4%, keeping 2% for listing brokerage and offering 2% to the buyer’s brokerage. The buyer’s brokerage commission needs to be at least 3%. If you really want to have showings on your house, offer 4% to 5% to the buyer’s brokerage. Realtors® are only human. If you are paying a strong commission amount, they will work for that paycheck. Ask your listing agent how commission has been structured.
Does your house make a memorable first impression? Consider “Preparing the Home” better.
While this is not common for Las Vegas real estate, it does happen. Generate interest by advertising in local publications, have several open houses and sell it off to the highest bidder.
Welcome Home Nevada has a wide range of strategies for marketing Las Vegas and Henderson Real Estate. For a private consultation contact us today.