You’ve decided to buy a new place but there’s just one problem, you've got to close the deal on your current home first and you want to do it quickly. The longer your home is on the market, the higher the chances are of receiving a lower offer. The first step you take when putting your home on the market is to hire a trustworthy and reliable real estate agent. They will serve as the main point of contact for both you and potential buyers. Selling your home without an agent is both time-consuming and risky. Homes sold without a real estate agent often sell for less than if they were sold by an experienced agent.
Once you’ve decided on an agent put these three tips to selling your home quickly into practice and you’ll be onto new adventures in no time!
Determine Your Price
Listing your home for the highest price possible may seem logical but nothing kills a deal faster than an over-priced property. Don’t let your ego decide the listing price. If you have chosen a strong real estate agent, then trust them to help guide you in the pricing decision.
The best thing you can do when pricing your home is to look at the prices of other homes in your area and price accordingly. If you list your home based on market value, you will likely receive an offer that is at, close to, or even higher than the price your home is listed for. Choose a price that will get motivated buyers in the door.
If you price your home aggressively you may even end up with multiple interested buyers which could potentially drive the overall sale price up to where you wanted it to be in the first place. Home buyers are more educated than ever nowadays, so, if you are going to ask for a premium over what your local square foot average is, your property better be perfect.
While you don’t have to completely stage your home most buyers have a difficult time seeing past things like ill-sized furniture and clutter that make your home look smaller than it truly is.
If you want to sell your house quickly highlight the square footage and flow of your home by clearing out your space. It’s also a good idea to remove any personal items such as photos or any valuable items since people want to envision their new life in the home—not yours. If you’re having trouble getting motivated, view the experience as a chance to streamline your life and make your move easier. If you have a little cash on hand - put it towards a fresh coat of paint or mulching the front yard. Small improvements will make a great first impression.
More likely than not a potential buyer will hire a home inspector to look over your property. A home inspection isn’t just due diligence, it’s also re-negotiation leverage particularly in a buyer’s market. Which is why it’s a good idea to fix everything you can before you list your property.
This might sound like a daunting task but if you stick to things within reason small repairs can make a big difference when it comes to selling your home. It’s best to repair anything that’s broken from small eye-catching things such as rotting wood, peeling paint, stains on floors, running toilets and dripping faucets, broken lights and cracked windows to the less obvious electrical-switches-to-nowhere and leaks in your foundation or crawl space.
Potential issues with the home will eventually be discovered by the buyer or during the inspection and will end up costing you one way or another so it’s best to take a proactive approach. If home repairs aren’t your forte or you are unaware of the inspection process it might be a good idea to do an inspection before you list your property so there aren’t any expensive surprises.
When it comes to selling your home quickly preparation is key and cutting corners is not an option. If you feel like you need more guidance on your way to selling your home, get in touch with one of our elite agents. We’re more than happy to help walk you through the entire process.