Selling Your House Fast. What Are Your Options?
Selling a house can be nerve-wracking, but if you have a limited timeframe, it might be even more stressful. There are a few strategies you may want to use to enhance your home’s marketability, shorten the amount of time it spends on the market, and generate competitive bids. Whether you need to sell quickly due to a new job, financial constraints, or a personal circumstance. Here are some quick house-selling tips and the options you have.
Pick Your Selling Strategy
When it comes to listing your home, you have two traditional options:
for sale by the seller (FSBO) or through a real estate agent, as well as a few alternatives.
Sell your home as FSBO:
One of the most significant advantages of selling on your own is that you save money on commission. You’ll save the 3% you’d pay your own agent, but you’ll still have to pay 3% to the buyer’s agent. Yet, if you want to sell quickly on your own, you must be prepared to negotiate like a pro.
Prepare to negotiate payment deadlines, micromanage contract paperwork, and consider consulting an attorney to ensure all forms are filled out. Be aware that knowing the ins and outs of the selling process is of crucial importance if you want to sell your property as quickly as possible.
Hire a real estate agent:
The advantage of hiring a professional real estate agent is that they understand what it takes to sell a house quickly in your area. They will streamline contract preparation, negotiations, signing, and closing. Of course, you must pay them a commission for their services.
Consider the following alternatives if you want to completely avoid the preparation required to sell your house fast:
Sell to an investor. There are numerous reasons why selling to an investor may be a good fit, but there are some considerations.
Offer it to a developer. This is a good option if your house is in need of repair and you don’t have the time or money to invest in getting it market ready based on your need to sell.
Set Your Selling Price
Once you have picked up your selling strategy it is important to price your property accordingly.
If you overprice your property, you will turn off prospective buyers as well as potential bidders. Furthermore, if prospective buyers want you to lower your price, the negotiation process may take longer.
To determine a reasonable price, your real estate agent will conduct research on comparable homes in your area. If you need to sell your home quickly, consider pricing it slightly lower to attract interest and maybe even spark a bidding war. If you haven’t received any offers by a certain date, you might reduce your asking price even further.
It’s also a good idea to consider the price points that buyers in your area are looking for and be strategic with it. If you list your home for $402,000, for example, you will miss out on all potential buyers looking for homes under $400,000. If asking for an extra $2,000 means fewer buyers will see the home, it’s probably not worth it.
Declutter, Clean, Stage
Buyers must be able to envision themselves in the space, which they will be unable to do if your home is messy. Clean your house from top to bottom, get rid of clutter, and hide family photos and other personal items. It’s common industry practice to hire outside cleaners, especially before you begin with the showings.
Rearrange the furniture so that your home looks inviting and buyers can move through it without hitting anything. Put large items in storage if necessary. A crowded room appears to be a small room.
Consider hiring a stager to assist you in highlighting your home’s best features.
Although staging isn’t cheap, the National Association of Realtors (NAR) estimates that staged homes sell 88% faster and for 20% more than non-staged homes.
Focus on Curb Appeal
Making a good first impression is critical if you want to sell quickly. The exterior of a home and how it fits into the surrounding neighbourhood are the first things a buyer notices. Pay attention to both the house and its surroundings to improve the curb appeal of your home.
It may be too late to make major changes. If you need to sell your house quickly, consider minor exterior repairs and maintenance. Such as touch-up painting, window washing, and fixing anything broken. If repainting your entire house is out of the question, paint just your front door. You can also replace your address numbers and door handles with newer, more appealing replacements.
Make sure that the path from the curb to your porch is clean and safe to walk on. This includes mending any crooked paths and trimming overgrown bushes.
Pay attention to your home’s surroundings. Plant flowers or scatter bark wood chips to give your yard a new look. Consider a welcome mat and keep your mailbox clean. Remove spiderwebs and other debris from windows, eaves, and porches.
A pleasant curb appeal not only welcomes prospective buyers, but also signals to the market that you’ve cared for the home, and they can assume the rest of the house has been well-cared for as well.
Be Flexible With Showing
Buyers prefer to visit homes on their own schedule, which is frequently in the evenings and on weekends. Furthermore, they want to be able to tour a home as soon as they find it online, especially if they are competing with other buyers in a hot market. More prospective buyers will see your home if it can be shown with little or no notice. If you require 24 hours notice, they may decide to avoid your home entirely.
Oftentimes last-minute showings can cause a scheduling snag, but no one is going to buy your house if they can’t see it for themselves! If you are unwilling to accommodate buyers’ schedules, your home may sit on the market for an extended period of time.
Create an Excellent Listing Description
Once you’ve decided on a listing price and your home is in good condition, you’ll want to write a listing description that will help you sell your home . This is especially true if you sell on your own. If you use an agent, they will most likely write the description for you. However, it is still important to understand what makes up a good listing description.
In the listing description, highlight your home’s best features by using effective keywords that will attract buyers.
Include anything that makes your neighborhood appealing, such as the school district, proximity to public transportation, and nearby restaurants and parks.
Include a sense of urgency, and make use of your professional photographs.
Optimise the Offer
Offering something to sweeten the pot is another way to make the home and deal more appealing. Buyers love financial incentives, so if you’re short on time, think about how you can make your offer more appealing. Here are some examples:
- covering all closing expenses
- accommodating the buyer’s preferred move-out/move-in schedules
- accepting all inspections
- providing a transferable home warranty with reduced repair and replacement services for household appliances and systems
How a Cash Buyer Can Help Sell your House
There are many benefits of using a cash home buyer when selling your house. The most obvious benefit is that you will receive cash for your house. This can be helpful if you need to move quickly or if you are behind on payments and need to catch up. Another benefit is that you will not have to go through the hassle of showings and open houses. This can be a time-consuming process, especially if you have already moved out of your house. Finally, cash home buyers typically do not require repairs or renovations before they purchase your house. This means that you can sell your house as-is, which can save you time and money.
Cash home buyers like Fair Property Buyers buy homes directly from sellers, which saves time. This option can be a good choice if you need to sell your home quickly. Although the amount of time it takes to sell your home on your own may vary, working with a cash buyer is a fast process. You can close and have cash in hand from Fair Property Buyers in as little as 3 days, depending on the situation. This allows you to move on from your old house and start fresh without having to wait for months or even years to find a qualified buyer. If you are looking for a fast and easy way to sell your house, then selling to a cash home buyer may be the best option for you.
Selling a home can be stressful, especially if you’re on a tight timeline. Luckily, whether you need to sell quickly due to a new job, a life event, or financial considerations, there are ways to speed up the process.
If you don’t have a large budget to prepare your home for sale, concentrate on the first impression that buyers will have when they see it for the first time. Buyers can make a decision in a matter of seconds—a few from the curb, and a few more when they walk through the front door. Make those seconds count by using a great agent, a well-kept home, and a strong financial offer.