Selling a home is never a walk in the park and can take a lot longer than anticipated. You can also incur various unexpected expenses and if you don’t take some necessary measures then they can add up significantly and consume the proceeds of your sale.
However, you can use some great strategies and tips to sell your home quickly and reduce your expenses. If you want to use the proceeds from the sale of the house to pay off debt, buy another house, or for any other urgent need, this might work well for you.
Here are some tips to help you sell your home quickly:
Hire a top-notch realtor
While using the services of a real estate agent can cost you a good amount of money – around 6% of the home’s selling price as a commission, it’s worth it. Agents help you close the sale faster, so it’s best to work with them if you want to sell your home quickly.
The real estate agent helps you to ask for a reasonable price for your home in an appropriate manner. They will bring in a professional photographer to take pictures of your property to post online. They also create killer descriptions for your home to grab the attention of potential buyers. Finally, they will take care of your home showings, negotiations with buyers, and closing processes.
When hiring an agent, check their track record to see how successful (or not) they have been in selling homes similar to yours. Also, make sure they have an understanding and experience related to your field.
Sell to companies and individuals who buy money
Another great strategy to help sell a home quickly is to ask buyers to make cash offers to speed up the closing process. This may apply if you are using a real estate agent or selling the house on your own.
The beauty of dealing with cash buyers, whether they are businesses or individuals, is that they have the cash ready. These buyers aren’t looking for financing, leaving you to worry about whether lenders will back off or how long it will take to underwrite the mortgage.
With mortgage processing taking an average of 49 days based on recent data, if the buyer’s need to secure financing is removed from the sale process, closing can happen faster. Selling to spot buyers can have you closing the sale in less than two weeks.
However, you may have to accept an offer that is lower than your home’s market value when selling to cash buyers, which might not be too bad as you can consider it the cost of getting quick cash.
Depersonalize and organize the house
When you decide to sell your home the conventional way and you get buyers to see and tour your home, you need to depersonalize it.
This means removing all items like souvenirs, photos and other things to allow the buyer to view the space as their own when viewing the home.
In addition, organization by removing excess furniture, old magazines and other things helps to make the house more spacious and attractive.
When buyers feel at home on your property and find it spacious, you are more likely to sell the house quickly.
Make the business more attractive
As you are looking to sell your home quickly, another tip that can help you do this is to add some incentives to sweeten the deal for the buyer.
Potential buyers will appreciate anything that saves them some money and you can use this to lure or push them to close the deal faster, especially if you want to sell your home quickly.
Below are some of the things you can offer buyers to sweeten the deal and help you sell your home faster:
· Agree to pay for any repairs about which the buyer raises concern
· Take care of all closing costs
· Agree to all your home inspection requests
· Have an entry/exit schedule that works best for the buyer
· Offer a transferable residential guarantee. This takes care of replacement and repairs on systems and appliances, offering favorable discounts.
Improve your home’s curb appeal
To sell your home quickly, you need to give the buyer a great first impression of your home. Because the exterior is the first thing buyers see when they come to see your home, you need to make sure the garden or yard is clean and tidy, the sidewalks are repaired, and the flower beds are weeded and beautiful.
You also need to add a new coat of paint to the exterior and fix any issues that might drive people away.
You can sell your home quickly if you work with the best and most experienced real estate agents or choose to sell to spot buyers.
Either way, depersonalize and organize your home by staging it for buyers. Also, make the deal more pleasant for the buyer and tidy up the exterior and surroundings of the house.