Some people are interested in getting the highest possible sale price for their home. Others just want to sell type in he home as quickly as possible. It could be because they’re moving to a new city to start a new job and they don’t want to delay the process – or it could just be because they want this stressful process to be over with as quickly and painlessly as possible.
If you’re interested in selling your home fast, you need to be familiar with the correct strategies and tactics to help you do it.
How to Sell Your Home Fast
These are some of the best strategies that you can use to sell your home quickly:
- Consider selling your home to a cash buyer. According to WeBuyHousesFastLongIsland.com, you may be able to sell your home in short order if you find a cash buyer. There are companies all over the country that specialize in buying property quickly and efficiently, often exclusively with cash. These companies are interested in acquiring properties for relatively low prices so they can fix them up and flip them or offer them as rental properties to tenants.
In any case, they want deals to go quickly and smoothly, so you’ll likely get offer within a day and the transaction could be done by the end of the week. The only caveat here is that you may get a lower price than you could get by selling the property on the open market.
- Talk to a real estate agent. No matter how much advice you read online, a seasoned real estate expert will probably have more expertise to add to the conversation. Make sure you get a solid real estate agent on your side to discuss strategy and figure out the best way to balance sale price and speed. They may have recommendations for how to price your property, how to advertise it, and when to accept a deal. They’ll also make the entire process much easier for you to navigate, so you’re less stressed the entire time.
- Be prepared to lower the price. For most real estate buyers, price is the biggest variable to consider. If there was a house for sale in your neighborhood for $10, you’d likely buy it without a second thought, right? Obviously, you can’t afford to list your house for $10; the point is, if you lower your price enough, someone is going to want to buy it.
- Advertise aggressively. There are many ways to advertise your home. You can take advantage of dozens of different channels, both digital and physical, to make sure your home is visible to as many people as possible. With enough of a budget, you could reach tens of thousands of people with ease.
- Proactively fix the little things. Superficial flaws with your home, such as chipped paint or blemishes on the cabinets, may not seem like a big deal to you, but they can give pause to otherwise interested buyers. Set aside a budget of a few hundred to a few thousand dollars to fix all these little things and make your home look more polished.
- Depersonalize. Before you ever show your home to an interested buyer, make sure you depersonalize it – and your real estate agent can help you with this. That means removing anything from the home that makes it tied to your identity; it’s common for people to remove any and all family photos, remove specific artwork and decorations that may not be pleasant to everyone, and work hard to remove any trace of pets.
- Step up the curb appeal. Boosting curb appeal doesn’t have to be intensive or expensive, but it can make your house look dramatically better. Simple changes, like adding a fresh coat of paint or replacing the front door, will accelerate the home selling process.
What to Do Next
Unfortunately, the housing market can be a bit unpredictable. Depending on the nature of your house, the neighborhood in which it resides, the presence or absence of available buyers, and other factors, you may not be able to sell your home as quickly as you hoped. If it’s been a few months, or a few weeks longer than you’d like, it’s a good idea to talk to your real estate agent about how to change your strategy.
These are some of the top strategies they’ll probably recommend:
- Drop the price. By far, the best thing you can do is drop the price. Remember, in a free market, price is always the most important variable. There will be a buyer for your house if the price drops low enough; listing it for far below what it’s actually worth will attract hundreds, or even thousands of potential buyers. The problem is that if you drop the price too low, you could actually lose money on the deal, rather than claiming a profit. It’s up to you to determine how low is too low and when the right time to drop the price is.
- Reach out to interested parties. Another strategy is to reach out to parties who were interested in the property in the past. There could be people who toured the properties and expressed interest, or people who submitted an offer that was too low for you to reasonably accept. There’s no guarantee that these people are still interested in the property, or that they haven’t already bought another house, but it may be worth your time to reach out to them. You’ll likely do this through real estate agents, authorizing them to offer a better deal to the prospective buyers.
- Sweeten the deal. If you don’t want to reduce the price but you do want to make the property seem like a more compelling purchase to prospective buyers, you can always sweeten the deal with little changes and extras. For example, you could offer an extended home warranty, covering various types of damage the new homeowner might encounter when living in your house. Or you might offer to cover various additional closing costs.
There’s too much uncertainty in the world of real estate to make any kind of generic prescriptive strategy work for all parties. Despite your best efforts, it may still be a while before you find an interested buyer to purchase your property at a fair price. Try to remain patient as you navigate this complex and stressful terrain, and be willing to adapt as you learn more about your unique situation.