Introduction
You’re not alone if you find yourself typing into your search bar, “how quickly will my home sell?” Most home sellers want their home sales to be as quick and smooth as possible. Fortunately, the current market is on your side. As of February 2022, 84% of recent listings were on the market for less than a month, with homes receiving more offers than at the same pace as last year.
Of course, local market conditions are important, as is the condition of your home and whether you work with an agent or sell directly to a buyer.
1. Maintaining and Improving the Condition of Your Property
Don’t overlook curb appeal — first impressions count! The key to keeping your house from being a teardown candidate when you decide to sell is to keep the basic systems in good condition. Keep an eye on the age of systems, from the roof to the siding, electrical, and plumbing, and have them serviced regularly. Otherwise, your house will start to show its age pretty quickly.
Investing in landscaping and a fresh coat of exterior paint can significantly increase your listing price. According to recent data, spending under $3,500 to improve curb appeal can earn nearly $12,000 in addition to the sale price.
2. Designing a Staging and Marketing Strategy
In addition to improving curb appeal, the interior of your home should be cleaned, decluttered, and ready for photos and viewings. Cleaning out your home can increase its value by up to 5% if done correctly.
Staging a home makes it more visually appealing and allows potential buyers to imagine how the home will look once they move in. Furnishings and wall hangings are frequently more inviting than empty rooms and blank walls.
After cleaning and staging your home, you and your realtor can begin the marketing process by creating an eye-catching listing. This begins with outstanding professional photography. Currently, 95% of homebuyers look for homes online, your listing must stand out. Your agent will then use the MLS, social media, and other marketing methods to reach as many people as possible in your target audience.
3. Establishing a Reasonable Listing Price
If the golden rule of real estate is location, location, location, the second most important factor may be an accurate listing price. According to a 2022 survey, the price was the most important factor for 54% of buyers, followed by location.
Try not to go too high or too low, as this might affect your potential buyers. If you put it too low, customers might think that there’s something wrong with the property. Contrary to this, if your price is too high potential buyers might not even be interested enough to consider the property.
Online tools such as home value estimators can be of great help to assist you in determining the value of your home. Another way to determine the price of your home is through your real estate agent. A realtor has the experience and knowledge and can conduct a comparative market analysis to determine the price of your property.
4. Establishing Your Criteria for Accepting an Offer
As the seller, you must make the final decision on whether to accept any offer, which will require you to balance time and money. If a quick home sale is your ultimate goal, you may not get as much as if you can wait until an optimal time to sell or do not want to put any work into the house before listing it.
Conclusion
If you’re trying to sell your home, you should know the signs that it will sell quickly. By keeping these indicators in mind, you can take steps to make your home more appealing to buyers and increase the chances of a quick sale.
If your home is in poor condition or you don’t want to go through the hassle of selling your house fast the traditional way, you may want to consider a cash buyer like Fair Property Buyers that can offer a quick close while saving you money on fees and commissions and can often put cash in your hands in a matter of days.
