Did you know it takes an average of 45 days to sell a home? For many people, this is just too long and can even end up being longer. But how do you speed up that process?
Luckily, you can cut that time down considerably. Read on as we give our tips for selling your home quickly.
1. Get the Best Real Estate Agent
A real estate agent does more than just find someone to buy your home. They have experience with the selling process and can help foresee problems that may hold up sales. In addition, they will have a network of contacts you don’t have access to, for finding buyers and even setting up legal processes and selling fees.
Fees that the real estate agent takes amount to around 6% of the sale. To avoid this, many people take the for sale by owner route. However, without the contacts and knowledge of the process, this can often be a much longer route and is not conducive to quick sales.
Ask friends, family, and colleagues for recommendations. Look online for reviews, and speak to a few real estate agents before settling on one. Make sure you discuss the urgency of the sale and let them tell you what they will do.
2. Put It on the Market at the Right Time
There is a right time to put your home on the market. If you want a quick sale, you may not have the luxury of waiting for this period to arrive. If you are fortunate enough to need the sale at one of the designated times, then you may have more success.
The first thing to ascertain is whether you are in a buyer’s or seller’s market. A buyers market is when there are lots of homes on the market but few people purchasing them. This means the power is in the hands of the buyer and it may take you longer to sell.
A seller’s market is the opposite. There are few properties but lots of people are interested in buying. As the power is in the seller’s hands, you can get quicker sales and even have more leverage regarding price and terms.
After this, the time of year can dictate the speed of a sale. Spring is the best time to sell, as people set themselves up for the rest of the year. Winter is the month with the lowest sales as people try to avoid disruption over the holidays.
3. Consider a Cash Offer Company
Cash offer companies often have an unjustified reputation. While a few may give lowball offers and operate scams, many are honest traders who will help you make a quick sale. This sell house fast company for Chicago homes is trustworthy and has a great reputation.
Their aim is simply to buy properties, fix them up, then sell them for higher prices.
As such, you will get a lower offer than you would from other types of sales. However, cash offer companies will buy houses in any condition. Not only do you save on renovations, but you also do not pay the fees and legal costs of selling through traditional methods.
This should also be offset against the speed with which a cash buyer deal can go through. You may get an offer immediately, with some companies closing in as little as two weeks. As you are not reliant on other people in a mortgage chain, there is also a higher chance the deal will go through.
When people come to view your property, it is important that they can visualize themselves in it. If your personal items and effects are there, it gives the appearance of being your home more than theirs. As such, you need to depersonalize.
Start by decluttering the home. If you have lots of items that are not being used, then throw them out or send them to a thrift store. If you really can not part with them, consider hiring storage.
Remove any items that are personal. This includes family pictures and artworks that may be an acquired taste. Finally, conduct a thorough clean of the home from top to bottom.
5. Make the Deal More Attractive
There is a number of ways to attract buyers without having to lower the price of the property. When buying a home, people are looking for good deals. You can add stipulations to make your package more attractive.
For example, consider paying a part of the closing costs. You could also make them feel more secure by offering a transferable home warranty. This is a document that gives discounts on repair and replacement appliances and systems should they break down.
6. Price It Correctly
Overpricing your home is not a situation that is going to help you sell fast. In fact, the home may just sit on the market longer and end up selling for less anyway. Therefore, you need to have your pricing right.
Look at comparable homes in the area and see what prices they are selling for. If a quick sale really is imperative, then you may think about dropping the price to attract buyers.
7. Be Flexible
If you want a quick sale, you need people to come and visit the house. Be as flexible as possible with this, making sure you don’t turn any viewings away. You will have to leave the house while people are shown around, so have a plan if you need to leave last minute.
Selling Your Home
In summary, decide upon a cash sale or real estate method. After this, do your research regarding the markets and be as flexible as possible. If you need to drop the price, then do so.
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