logo

How To Sell My House Fast?

How To Sell My House Fast?
by John Carlucci - August 26, 2022

Selling a property can be nerve-wracking, but if you are under a severe time constraint, it can be even more so. Whether you need to sell quickly for a new job, financial reasons, or a personal circumstance, there are a few strategies you can employ to boost the marketability of your home, reduce the time it spends on the market, and generate good bids. Here is how to quickly sell a house.

1. Clean And Declutter

There are numerous tactics for selling a property quickly, but if you're pressed for time, you must ensure that your home's interior appeals to as many potential buyers as possible.

  • Get a storage facility and store any excess things or large pieces of furniture that are causing rooms to appear cluttered, cramped, or disorganized.
  • Sort out the closets. Buyers seek storage space, so they will undoubtedly inspect closets, storage places, and pantries. Don't squeeze excess items into closets; leave enough space to create the appearance that the property has ample storage space. Personal artifacts, such as family photographs, mementos, and religious objects, distract purchasers and hinder their ability to see themselves living on the property.
  • Perform a thorough cleaning in every room, including the baseboards, kitchen cabinets, bathroom tile, and carpets. Since you are limited on time, you should consider hiring pros.

2. Pick A Selling Strategy

There are two standard sales options when determining how to advertise your home: selling for sale by owner (FSBO) or using a real estate agent, as well as a few alternatives.

Sell FSBO

One of the major advantages of selling on your own is the commission savings (you'll save the 3 percent you'd pay your own agent, but you'll still need to pay 3 percent to the buyer's agent). But if you want to sell quickly on your own, you'll need to be an expert negotiator.

Be prepared to negotiate escrow timelines, handle contract papers, and visit a lawyer to ensure that all forms are correctly filled out. If you need to sell your home quickly, it is very vital to understand the procedure.

Hire An Agent

An advantage of choosing a professional real estate agent is that they understand what it takes to rapidly sell a home in your location. They will facilitate contract preparation, discussions, signing, and closing. Obviously, a 3 percent commission will be required for their services.

Alternative ways to sell your house fast

Consider the following alternatives if you wish to fully avoid the preparation necessary to sell your home quickly:

  • Provide to an investor. There are various advantages to selling to an investor, but there are also potential disadvantages to consider.
  • Sell to a developer. Typically, this is only a possibility if your home is a teardown and/or is situated on a large lot.
  • Sell through auction. You can sell your home rapidly at auction, but you will likely receive a lower price than on the local market.

3. Price To Sell

About 21 percent of sellers cited selling within their specified time frame as their greatest problem. Even if you are selling in a seller's market, in which there are numerous buyers competing for a limited number of homes, selling your property quickly is not a given.

A competitive price is one factor that can significantly accelerate the selling process. Overpricing will result in a longer time on the market, and you may end up selling at a lower price nonetheless – it will just take longer to get there.

You may even want to price your home a bit lower than comparable properties in the neighborhood in order to generate interest and spark a bidding war. This strategy's performance depends on the local real estate market and how homes are selling in your region.

When selecting pricing, you may also wish to investigate the price ranges within which the bulk of purchasers in your area seeking. For instance, if you advertise your home for $399,000, it will appear in search results for those seeking homes priced under $400,000. But at a price of only $405,000, it will never appear in their search results.

Set a timeline for a price reduction

Examine your timetable and choose a date for a price reduction if you haven't received any offers prior to listing. The discount amount can be determined at a later time because it may alter based on the feedback you receive from home tours, but you should have a date in mind. And if that moment arrives, swift action is recommended. The longer your home is on the market, the less likely it is to sell for the asking price.

Consider sales incentives

If you anticipate that your house will be difficult to sell due to an uncommon feature or a slow market, it may be worthwhile to provide incentives to potential buyers in order to sweeten the transaction. Examples include upfront credits for repairs or improvements, covering the buyer's closing fees, or offering to include items, such as appliances, that are not typically included in a sale.

4. Handle Any Emergency Repairs

Even though you don't have time for extensive upgrades, it's crucial to address any minor issues that could prevent buyers:

  • Repair any peeling or chipped paint patches.
  • Fix loose tiles.
  • Repair loose door handles.
  • Fix dripping faucets.

You may also wish to invest in a few minor improvements that will increase the desirability of your home:

  • Inside, apply a new layer of paint.
  • Install new cabinet hardware in the kitchen and bathroom.
  • Replace obsolete lighting fixtures.
  • Purchase compatible (more recent) appliances.

5. Stage And Add Curb Appeal

Every seller can profit from a weekend spent freshening up the interior and exterior of their property, regardless of their schedule. After all, it is essential to make a favorable impression on potential customers. About 48 percent of recent homebuyers indicated that a staged home is extremely, very, or somewhat crucial to their choice to purchase. In addition, 29% of sellers indicated that landscaping their yard was one of their pre-listing chores.

Pack up and hire a stager

Staging is a typical approach in real estate sales, especially when trying to sell a home quickly. Staging assists in defining spaces and making rooms appear larger. If you want to expedite this procedure, you should store all of your belongings. A skilled stager will bring their own furniture and decor, arranging it to emphasize your home's best characteristics and create an inviting atmosphere.

Create curb appeal

Your home's exterior is the first impression potential buyers will have of your property, so it must be inviting, well-maintained, and clean. Here are some recommendations for improving the curb appeal of your home so that it sells faster. And when time is of the essence, consider employing a professional landscaper to expedite these tasks:

  • Trim overgrown hedges, shrubs, and tree branches.
  • Clear roads and walkways.
  • Window and doorknob cleaning.
  • Remove garbage and spiderwebs from the front porch.
  • Replace damaged streetlights and mailboxes.
  • Paint the entryway.
  • Grow flowers.

6. Hire A Professional Photographer

It may seem quicker (and less expensive) to take shots of your home with your phone, but poor listing images could result in a longer time on the market. In fact, 77% of recent purchasers stated that viewing professional photographs was extremely, very, or somewhat significant to their home-buying choice.

Professional real estate photographs are simply a few hundred dollars, and if you're employing a full-service real estate agent, they may even be included in the services. Determine if your real estate agent or photographer offers a 3D virtual house tour.

Before photographs are taken, make sure your home is well-lit. Open the blinds, replace the light bulbs or update the fixtures, and let as much natural light as possible into the room. Additionally, this is a best practice for listing appointments!

7. Create An Outstanding Listing Description

After deciding on a listed price and cleaning up your home, you should prepare a listing description that will help you sell your home more quickly. This is especially crucial if you are selling your product on your own. If you are using an agent, it is likely that they will create the description for you, but it is still crucial to understand what constitutes a strong listing description.

  • In the listing description, emphasize your home's finest attributes by employing potent, buyer-appealing keywords.
  • Include any factors that contribute to the desirability of your community, such as the school district, closeness to public transportation, restaurants, and parks.
  • Include a sense of urgency, such as "All proposals must be submitted by [DATE]"
  • Utilize professional photographs.

Where to post your listing

Additionally, sites such as Zillow allow you to publish 3D tours or virtual walkthroughs, which can offer purchasers a clear impression of your property's layout. If you're working with an agent, your listing will be posted to the local MLS, which will then be pulled into all of the main real estate search engines.

If you do not have a real estate agent, you can pay a fixed fee to a real estate agent to post your home to the local MLS. You will be listed as the point of contact for all inquiries in this instance.

In addition, whether you list your house with an agent or sell it yourself, you can advertise your listing on social media (through friends or paid ads) and distribute brochures and signs in your neighborhood.

8. Time Your Sale Right

The optimal time to list your house is on a Saturday in the first part of May. Homes posted during this period sold on average six days sooner and for an additional $1,600.

Depending on the local real estate market, the optimal time to sell a home varies slightly; therefore, if you need to sell your home quickly, you should research information specific to your region.

9. Be Flexible With Showings

When selling your house quickly is the objective, it is essential to be as flexible as possible with showing requests. Yes, last-minute showings can wreak havoc on your schedule, but no one will purchase your property if they can't view it for themselves! If you are unwilling to accommodate buyers' schedules, your home may languish on the market for an extended period of time.

Hold An Open House

A well-timed weekend open house is essential for rapidly selling your home. It is the easiest technique to attract several customers. Clean the home, arrange fresh flowers, provide a few goodies, and create flyers for purchasers to take after the tour.

You should read our article to determine the income that you need in order to buy a house.

Author

  • John has worked alongside Real Estate Giants across USA and Canada for decades. Since he started Prudentialcal, he has been actively rendering service as business adviser to many companies in the real estate industry. He formed Prudentialcal in hopes of providing the most reliable stories and information there is in the vast industry of real estate

MOST RECENT
A Quick Guide to Buying Land
A Quick Guide to Buying Land
Do you want the serenity of country acres, a piece of land to park your small house, or a buildable ...
Purchasing a Home: How Much Can You Afford and What Will It Get You?
Purchasing a Home: How Much Can You Afford and What Will It Get You?
When purchasing a home, the figures might get so large that they lose their significance. You may choose $2.25 brand-name ...
Everything You Need to Know About Timeshare Is It Worth it
Everything You Need to Know About Timeshare: Is It Worth it?
Photo by Michelle_Maria on Pixabay A timeshare is a type of vacation ownership in which a group of people share ...
How to Get the Most Out of Your Home Insurance Policy
How to Get the Most Out of Your Home Insurance Policy
Your home is likely your most valuable asset, so it's important to protect it with a comprehensive home insurance policy. ...
How Long Does it Take to Buy a House
How Long Does it Take to Buy a House?
It takes an average of 4-12 months to browse for a home, plus an additional 30-45 days to close once ...
1 2 3 52
logo
Prudential Cal strives to provide the most detailed information about the real estate industry. We assist people in making the best decisions possible by offering unique insights into the global real estate market and advice for both homebuyers and sellers.
Quicklinks
Additional Information
Copyright © 2022 Prudential Cal. All Rights Reserved.
DMCA.com Protection Status
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram