Feb 22, 2024 By Susan Kelly
The quicker you can sell and for a higher price, the more buyers you will attract. Here are six strategies that can help you sell your home quickly, even in a down market, regardless of your motivation. Until recently, homeowners who wished to sell their properties had to contact a real estate agent. Sellers now have more choices than ever before because of developments in technology and the dynamic nature of the real estate market. The tried-and-true approach of working with an agent is always an option, but innovative options like I Buyers and trade-in programs may save you more time, money, or stress. There are pros and cons to every opportunity to sell a house. Which option is best for you will depend on several factors, including your level of experience in the real estate market and your desired selling price.
Hiring a real estate agent should be your first move if you want to sell your house quickly. Successful candidates will have experience selling and a solid grasp of the local market. It's common to practice for sale to foot the bill for the commissions of both the buyer's and seller's agents. To cover the time and effort of the agent, you'll have to pay them a commission of around 2-4% of the sale price. Remember that a real estate agent is there to help you every step. They'll negotiate the most excellent pricing and manage the professional photographer who takes stunning images of your property. They will also advertise your home to get it viewed, create a compelling real estate listing, hold showings, and arrange for potential buyers to tour the home.
A competitive asking price is a proven method for selling a house quickly. Putting a high price tag on anything has the effect of discouraging potential customers. If potential buyers feel your asking price is too high, the negotiating process may take longer. To determine a fair asking price, your real estate agent will look at recent sales of similar houses in the neighborhood. If time is of the essence and you need to sell quickly, you may want to consider lowering the price of your home (and maybe even spark a bidding war). If your realtor hasn't received any bids by a specific deadline, they can lower the asking price even further.
Potential buyers need to be able to envision themselves living in your home, and if it's a mess, they won't be able to do so. Hide the family portraits and other personal belongings and give the house a good cleaning from top to bottom. It is common practice for businesses to bring in outside cleaners just before a big event. Rearrange your furnishings to make your property more appealing to potential purchasers and ensure they can quickly move about in it. Things like that can be stored away if needed. When there are many people in a space, it appears much smaller than it is.
Successful sellers know that a solid first impression is crucial to closing the deal swiftly. The curb appeal of a house and its cohesiveness with the community are the first things a potential purchaser would notice. Improving your home's curb appeal requires focusing on more than just the structure itself. Major upgrades may now be too late. If you're in a hurry to sell your home, you might want to give the outside a little TLC by touching up the paint, cleaning the windows, and addressing any apparent flaws. If you don't have time to repaint the entire house, give the front door a new look.
Top Indianapolis real estate agent Derek Gutting says, "The longer the house is on the market, the higher the possibility that you will get a lesser offer." In addition to the strategic consideration, a quick sale may be essential. Maybe you've run out of money or are worried about the mounting tax bill upon the old house you inherited. Sometimes in life, you need to sell your property quickly due to circumstances beyond your control, such as a divorce, a sick relative, or an impending birth. While most of the country is still in a seller's market, a possible shift in the second half of 2022 has been signaled by the recent increase in mortgage rates to above 5%.