Will Your Home Sell in a Recession? Trends Can Influence a Sale

by Mary Ann Romans | More from this Blogger

31 Mar 2008 11:32 AM

During a recession, it can be difficult to sell your home for a good price, or even sell your home at all. The reasons a home may sell has to do with a set of complicated factors that come in to play, more so when there is a lot of other homes available and few buyers. If you are trying to make a decision about putting your home on the market, take a few moments to review these various factors. They will help you make a good decision about selling or at least help you be prepared in today's market.

If you missed the earlier article, check at the end of this one for links.

Today, I am going to talk about trends. If your home fall into a current or traditional trend, then it will be more attractive to buyers. A good example of a trend that is nationwide is the craftman-style house. This style of house is currently more in vogue (just as the victorian-style home was several years back). The charming style and the historic details attracts buyers. If you have a craftsman-style home that you are considering for the market, count yourself lucky. Even if your home is not a craftsman-style house, check it against the classic features of the trend: high ceilings, a warm design, a covered porch, a mix of indoor and outdoor living space, architectural detail such as crown moldings, detailed stair rails and built-in nooks and bookcases.

Also look for local trends. If your area is trending toward older folks in the neighborhood, then a ranch-style house may have the most appeal. If there are a lot of new families moving in to the neighborhood, then a home with plenty of backyard for kids will be the most desirable to buyers.

Next we will talk about carrying costs. They are the newest thing to influence buyers in a tough economy.

Mary Ann Romans writes about everything related to saving money in the Frugal Blog, technology in the Computing Blog, and creating a home in the Home Blog. You can read more of her articles by clicking here.

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Will Your Home Sell in a Recession? Durability

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Learn more about Mary Ann Romans

Mary Ann Romans is a freelance writer, wife and mother of three children. She lives in Pennsylvania with her husband, the kids and a 16-pound cat.

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