WAYS TO OVERCOME MARKET SLOWDOWNS

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Even in a popular real estate market like Palm Beach, there are sometimes market slowdowns – not even sellers of homes in exclusive communities such as Hillsboro Mile, Manalapan, and Ocean Ridge are immune to this. While this certainly presents a challenge, there are ways for homeowners to overcome market slowdowns while waiting for their homes to sell.

By discussing the status of your Palm Beach home sale with your realtor, he or she can suggest improvements appropriate in a market where buyers may not be willing to pay for all possible contemporary features but are instead looking for functional, long-term value. While you may wish to plant a few new rose bushes on your lawn, converting your basement to an additional bedroom may be a more profitable move. By thinking about functionality, being imaginative – in this case figuring out how your home can be advertised as having 4 bedrooms instead of 3 – and adopting similar strategies for improvements can help you overcome market slowdowns and maybe even sell your home at a better price.

It is also advisable to make sure that the improvements you make are not according to a trend or hype. Installing a new kitchen can make a huge difference to how your home sells, but making sure it is kept in a style that that appeal to a wider audience can be crucial. To overcome market slowdowns through improvements, think functional value and timeless features, design and color schemes.

If you want more advice on how to overcome market slowdowns, ask your realtor.

Negotiating Strategies | Ways to Overcome Market Slowdowns | Why Your House Isn’t Selling