6 Tips to Sell Your Home Fast
Selling a home can be stressful—even more so if you’re on a tight deadline. Fortunately, whether you need to sell fast because of a new job, a life event (e.g., a divorce), or financial reasons, there are ways to speed up the process. Whatever your reasons for selling, here are six ways to sell a house quickly, even in a slow market.
Find the Right Real Estate Agent
If you want to sell your home fast, then the first step is to hire a real estate agent. The ideal person will know the local market and have a sales record that proves they know how to sell.
Keep in mind that a real estate agent will help with the entire process, from hiring a professional photographer who will take top-notch photos of your home to negotiating for the best price. They also will write up a real estate listing that sells, schedule and host showings, and market your property to get it seen.
2. Price It to Sell
One of the most effective ways to sell your home fast is to price it competitively. If you price it too high, then your home will spend more time on the market. Also, if your home is overpriced, then you may end up selling it for less eventually—it will just take a lot longer.
Your real estate agent will research comparable homes in your area to set a realistic price. If you really need to sell fast, then consider pricing your home a little lower to attract interest (and maybe even spark a bidding war). If you haven’t received any offers by a certain date, knock the price down.
It’s also helpful to think about the price points that buyers search for in your area. If you list your home for $302,000, for example, then you’ll miss all the potential buyers who are looking for homes under $300,000. It’s probably not worth asking for the extra $2,000 if it means fewer buyers will see the home.
3. Clean, Declutter, and Depersonalize
Buyers need to be able to picture themselves in the space, but they won’t be able to if your house is a mess. Give your home a thorough cleaning from top to bottom, get rid of clutter, and hide the family photos and other personal items.
While you’re at it, rearrange the furniture so your home looks inviting and so buyers can move through your home without bumping into anything. If necessary, put bulky items in storage. A crowded room looks like a small room.
Consider hiring a stager to help you showcase your home’s best assets, impress potential buyers, and sell it quickly for the best possible price. Staging isn’t cheap, but staged homes sell 88% faster and for 20% more than non-staged homes.
4. Boost Your Curb Appeal
If you want to sell quickly, then it’s essential to make a good first impression. And the first thing a buyer sees is a home’s exterior and how it fits into the surrounding neighborhood. To boost your home’s curb appeal:
Paint the front door
Plant flowers
Sweep away any spiderwebs and debris from windows, eaves, and porches
Wash the windows
Fix broken light fixtures and mailboxes
Make sure the trees, shrubs, and lawn are nicely manicured
Keep in mind that a tidy exterior not only looks nice but also signals to potential buyers that you’ve taken good care of the place.
5. Take Care of Quick Repairs
You won’t have time for any major renovations, so focus on quick repairs to address things that could deter potential buyers. Survey the house and take care of the easy fixes:
Fix loose tiles
Tighten leaky faucets
Touch up paint
Tighten door knobs and handles
Remove carpet stains
Depending on how much time and money you want to spend getting the home ready, you might also want to update fixtures, buy new appliances, install new hardware on the cabinets, and give the interior a fresh coat of (neutral) paint.
6. Sweeten the Deal
Another way to make the home and deal more attractive is to offer something to sweeten the pot. You could offer, for example, to pay some or all of the closing costs. Buyers are looking for a deal, particularly in a down market, so do your best to make them feel that they get one.
Another tip is to offer a transferable home warranty, which provides discounted repair and replacement services for household appliances and systems. A potential buyer may feel more at ease knowing that the home is protected, which could make your home more attractive than a competing home.
If you don’t have a big budget to get your home sell-ready, then focus on that first impression. Buyers can make a decision within seconds—a few from the curb, and a few when they step inside the front door. Make those seconds count with a tidy yard, a sparkling home, and, if you can swing it, a fresh coat of paint.
Source: Investopedia.com
