Selling a home is never a walk in the park and may take much more time than you have anticipated. You may also incur several unexpected expenses, and if you do not take some necessary measures, these may increase significantly and eat into your sale proceeds.
However, you can use some great strategies and tips to sell your house fast and reduce the expenses of doing so. Whether you want to use the funds from the home sale to clear debts, buy another house or for any other urgent need, this can work well for you.
Here are some tips to help you sell your house fast:
Get a Top-Notch Real Estate Agent
Although using the services of a real estate agent may cost you a tidy sum of money—around 6% of the house sale price as commission, it is worth it. The agents help to close the sale faster, so you are better off working with them if you want to sell your house fast.
The real estate agent helps you to ask a reasonable price for your home appropriately. They will bring in a professional photographer to take scroll-stopping photographs of your property to post online. They also craft killer descriptions for your home to catch potential buyers’ attention. Finally, they will handle showings of your home, the negotiations with buyers and the closing processes.
As you hire an agent, check their background to see how successful they have been (or not) selling houses similar to yours. Also, check if they have an understanding and experience related to your area.
Sell to Cash-Buying Companies and Individuals
Another great strategy to help sell a house fast is to ask buyers to make cash offers to speed up the closing process. This can apply whether you are using a real estate agent or you are selling the house by yourself.
The beauty of dealing with cash buyers, be they companies or individuals is that they have the cash ready. These buyers are not looking for funding, making you worry if the financiers will back off or the length of time it will take to underwrite the mortgage.
With mortgage processing taking an average of 49 days based on recent data, if the need for the buyer to secure financing is removed from the sale process, the closing can happen faster. Selling to cash buyers could see you close the sale in as little as two weeks.
However, you may have to accept an offer lower than the market value for your house when selling to cash buyers, which may not be all that bad as you can take it as the cost for getting quick cash.
Depersonalize and Declutter the House
When you have decided to sell your house the conventional way and have buyers coming to view and conduct a house tour of your home, you need to depersonalize it.
This means removing all items such as souvenirs, photos and other things, to allow the buyer to visualize the space as their own when viewing the house.
Moreover, decluttering by removing away excess pieces of furniture, old magazines and other things help to make the house look more spacious and appealing.
When buyers feel at home in your property and find it spacious, you stand a better chance of selling the house fast.
Make the Deal More Appealing
As you seek to sell your house fast, another tip that may help you do so is to add some incentives to sweeten the deal for the buyer.
Potential buyers will appreciate anything that will save them some money and you can use this to attract them or push them to close the deal faster, especially if you want to sell your home quickly.
Below are some of the things you could offer buyers to sweeten the deal and help you sell your house faster:
· Agree to pay for any repairs that the buyer raises concern about
· Take care of all closing costs
· Agree to all their home inspection requests
· Have a move-in/ move-out schedule that works best for the buyer
· Offer a transferable home warranty. This takes care of replacement and repairs to home systems and appliances by offering favourable discounts.
Improve Your Home’s Curb Appeal
To sell your house fast, you need to give a great first impression of your home to the buyer. Because the exterior is the first thing that the buyers see when coming to view your house, you need to ensure the garden or yard is clean and neat, the pavements are repaired and the flower beds are weeded and beautiful.
You have also to add a new coat of paint on the exterior and fix any issues that could put people off.
You can sell your house fast if you work with the best and most experienced real estate agents, or choose to sell to cash buyers.
Either way, depersonalize and declutter your home when staging it for buyers. Also, make the deal sweeter for the buyer and tidy up the house’s exterior and surroundings.