Suppose you get yourself into a difficult financial situation - which has to be addressed urgently, and out of which it is quite clear that selling your house is the only way out. Suppose also, that the situation happens to have come your way during the rough economic stretches like the one the global economy is going through currently, and which typically cause major slumps in the real estate sector, as people's property purchasing power is badly compromised. In this type of situation, a question you are likely to find yourself asking is whether it is realistic to expect to executive a quick house sale during such hard economic times, and if yes, how to go about executive such a quick house sale in a difficult economy.
The answer to the first question, as to whether it is possible to execute a quick house sale during a difficult economic stretch is that, yes, it is indeed possible to do so; with the right combination of strategy and luck. There are actually quite many people who have managed to sell pieces of real estate in what could only have been described as tough economic times, and who actually went ahead to get reasonably good prices for them.
The answer to the second question, though, with regard to how to go about executing a quick house sale in a tight economy, is more nuanced, as a number of factors come into play.
The first factor that comes into play when attempting to execute a quick house sale in a tight economy is, as mentioned earlier, a certain degree of luck - and about this, there is nothing you can do about if you believe that 'luck is a child of fate.' Of course, if you take the more sophisticated view that luck is basically about being prepared for the opportunities that come your way and snapping them appropriately when they do, then you might find yourself working out how to 'increase' your luck through strategies such as proper opportunity identification, proper opportunity creation (if you are an extreme optimist) and of course, proper use of the opportunities you do get when attempting to execute a quick house sale during a rough economic stretch.
Other factors that come into play when attempting to execute a quick house sale include something like the attractiveness of the property (as a prime property will always attract at least some buyers, regardless of the economic climate it happens to be sold at, provided it is well marketed).
So the way to go about executing a quick house sale during a rough economic stretch will basically be to market it far and wide (and resist the temptation to limit oneself to just one method of marketing, as you never know where your ideal opportunity will come from), ensuring that you have made all people who could potentially buy the property aware that you are selling it (including local real estate buyers and realtors who typically have far reaching networks in the real estate sector), lowering your expectation in terms of price to something that is reasonable, while also lowering your expectations in terms of how long it might take to sell the property, even if what you are looking for is still a quick house sale.
By:Jamie Gram
