The longer your home stays in the market, the longer you have to keep it in pristine condition to attract customers. You also have to leave when prospective buyers tour the house, so you should consider selling it faster. Read on for six ways to sell your home quickly, even in a slow market.
Hire an experienced real estate agent
Hiring a realtor can help sell your home faster as real estate agents know what it takes to get an offer quickly. They will also streamline the selling process from home staging, hosting showings, negotiations, and closing. Be sure to seek referrals and recommendations from friends and colleagues to an experienced real estate agent with a proven track record.
Stage your home
If you want to attract the highest-paying buyer and sell your home quickly, you should consider staging the property. Home staging involves decorating the space in a way that highlights its best features. This includes handling minor repairs, painting, cleaning and decluttering, depersonalizing and rearranging the furniture.
Set a reasonable asking price
While you want to make as much money as possible from your property sale, it is vital that you are realistic. Avoid setting your asking price based on how much you paid for the house, especially when you want to sell quickly. Instead, determine the cost of comparable houses in the market to price your home smartly. Alternatively, consult your realtor to set an asking price that makes sense in the existing market.
Pick the right time to sell
Although the real estate market runs throughout the year, there are specific times when there is a surge of homebuyers in the market. For instance, more people will be looking for homes in spring than in winter. To ensure your home sells fast, list it when there is an increase in price for comparable homes and a reduced length of time houses stay in the market in your local area.
Sell your home to an investor
It is possible to find a buyer days after listing your house. However, it could take weeks or months before you close the deal. This is because most homebuyers depend on lender financing, and it could take a while before the loans are processed. Before you finalize the paperwork, a buyer may even change their mind and decide they are no longer interested in the property, so you should consider selling to an investor. Investors buy homes for cash, and as-is, which speeds up the selling process. With an investor, you could close the deal within days, freeing time to focus on other activities.
Offer incentives
With multiple homes up for sale in the market, it can be challenging to have a potential buyer choose your home over the competition. To stand out from the competition and sell your home quickly, consider offering incentives to sweeten the deal. A prospective buyer is likely to place an offer when they feel like they are getting more from the purchase. Consider providing extra appliances unique to your sale, handling the closing costs, or paying for upfront repairs.
Endnote
The faster you sell your house, the quicker you can move on with your life. Hire an experienced realtor, stage your house, pick the right time to sell, set a realistic price, and offer incentives to increase the chances of selling your home quickly.
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