Tips For Selling House Quickly
Do you need to sell a house fast? It’s a question many folks turn to Google for a solid answer. Maybe you are here because of that? One of the most stressful things you can do in life is to go through the process of selling your home. This is certainly going to be heightened if you need a quick house sale.
If you ask how to sell my house fast, there is a lot to think about to make sure things go as you expect. Typically, when a homeowner does an online search for “selling my house fast,” it’s because there is some financial hardship that has created this situation.
We will look at answering the questions you might have when looking at liquidating a house fast.
By following the best home-selling tips along with the advice below, you’ll put yourself in a prime position.
Contact Experienced Top Producing Real Estate Agents
As the saying goes, there is no better recommendation than a track record of success. Most homeowners use real estate agents to sell their property. While this house-selling process involves a lot of paperwork and communication between buyer and seller, it is the most popular option for good reasons.
However, the key is not just picking any real estate agent but seeking out one of the best. In order to sell your house fast, you’ll want one of the top local agents.
Real Estate Agents Sell Homes Faster and For More Money Than FSBOS!
When you use a real estate agent to sell your home, you’re likely to put more money in your pocket. Data shows that homes sold with the help of a real estate agent sell for more money. Homes with real estate agents involved sell for 40% more on average than homes sold through the for-sale-by-owner process.
The difference between using a real estate agent and selling a home by owner could be tens of thousands of dollars. Home sales by owner average $200,000, while help from a real estate agent averages $280,000.
How quickly your home sells will depend on many different factors. A lot will depend on local market conditions including how many homes are for sale locally, how the economy is doing, and how the interest rates affect a buyer’s purchasing power.
Selling your home through a real estate agent can actually be really fast. The data shows that homes sold in as little as 22 days on average. With the right real estate marketing plan, you can put your home in a position to be involved with a bidding war.
Given your desire to sell swiftly, it will make sense to ask your agent specifically how to price your home to sell fast.
They should help make sure that negotiation with potential buyers and the closing paperwork is pushed through faster. Typically, it makes sense to price just under what other similar homes have been selling for.
Here are some other things a real estate agent will do to ensure your home sells fast:
Price your home accurately from day one. Homes priced fairly sell much quicker than those that are not.
Provide exceptional photography. The first impression of any buyer will be the photos they see online.
Write detailed listing descriptions. Not only do the best real estate agents provide great photography, but they take the time to write compelling verbiage highlighting a home’s best features.
Ensure your home is enhanced in all of the most visited real estate websites home buyers frequently visit.
Ask your agent about doing delayed showings which is one of the best strategies for getting the most money for your home,
All of this should ensure that you get close to the fair market value of your home. The best real estate agents will follow through all the steps along the way to make sure your home gets to the closing table quickly.
How Can a Homeowner Help Sell a Home Rapidly?
There are certain things a seller can do that will increase the odds of having a fast sale. Some of the best are as follows:
Do a deep cleaning of the interior of the home.
Get the home properly staged. This includes removing all clutter and making the home super presentable.
Clean up the exterior by making sure there is ample curb appeal. Remove any debris, trim the landscape, and make sure the lawn looks terrific.
Take care of any glaring defects both on the inside and out.
Do touch-up paint throughout the inside in any high-traffic areas or any areas that really need it.
If you have excess furniture that overcrowds your rooms, get rid of it by either putting it into storage or donating it to charity.
Once the listing goes live be accommodating as possible for showings. A missed showing is a missed opportunity. Don’t be restrictive about letting people into your home.
Doing all of these things will make your real estate agent’s job much easier. Most buyers highly prefer turnkey homes. You will want your home to appeal to the masses.
Are There Other Options to Sell My House Fast Besides a Real Estate Agent?
If you are looking at selling your house fast, there are a few non-traditional selling methods available to you. It could be surprising which is the best choice for you, let’s review your other options.
Do Cash Offers Help to Sell My Home Quick?
The answer is yes. Selling houses fast is certainly possible when an investor buys your home. Investors are available to purchase your home for cash, but is this the best option?
It can seem like a great choice if you need to sell your home quickly, avoiding the problems of making repairs, staging your home, and dealing with showings, but there are downsides to finding a cash buyer.
While avoiding the conventional selling route can seem like a very appealing option, you can expect to take a big cut in the amount of money you will receive for your home.
If you ask the question of “how to sell my home as-is fast,” you can get a cash offer, but it might not be the best available. Typically, you can expect cash offers to be a lot lower than if you used a real estate agent. Companies like We Buy Ugly Houses have made significant profits over the years from folks who are desperate for a fast home sale.
It shouldn’t really be a surprise to learn that you can expect better offers if you wait longer. If you allow yourself a little more time, buyers who require a mortgage will be more likely to be interested. While you could have cash buyers interested in buying your home, they might be investors who are looking to flip your house. They could also be investors looking for rental properties, but either way, they will be looking at their profits and are less likely to give you the fair market value of your home. In fact, most investors will be looking at paying up to fifty percent less than what your home is worth on the open market.
Is Selling My House Fast to an iBuyer a Good Idea?
Some investors looking to purchase homes quickly might call themselves iBuyers or instant buyers. These are investors backed by venture capitalists and aren’t likely to give you a fair market value.
Usually, iBuyers will only be interested in your home if it is in good condition and they know it will sell quickly. Others may have a stringent price range that they will want to pay for your property type.
While you can shop around between instant buyers, the best you find might still offer a far lower price than a traditional sale.
Any cash offers you get should be carefully compared to what is likely through a traditional sale option. If you end up selling to a cash buyer for less than the fair market value, how much regret will you end up feeling?
A decision like that could certainly harm your long-term financial health, and it is one that you could regret for a long time. But if you feel like you don’t have better options, you will be exchanging quite a lot of money for the convenience and speed an investor offers.
The iBuyer process can be quick, though, and you will get a fast online quote of what they will pay you.
Is For Sale by Owner a Good Idea to Sell My House Rapidly?
Lots of folks want to know how to sell a house fast by owner. Choosing the for sale by owner route can look attractive, with real estate commissions of 5 to 6% to pay. If you are selling in a hot market, it should be easier to find a buyer. However, selling as an FSBO is usually not the best method of trying to sell a home rapidly.
You will not have access to the same tools a Realtor has in finding a buyer quickly. Even though you are selling your home without a real estate agent, you might end up having to pay a buyer’s agent anyway.
The reality of selling your home and putting the transaction in the hands of the buyer’s agent might not give you the results you want. In this situation, the real estate agent will be working for their client’s best interests (the buyer).
If you want to get to closing as quickly as possible, you need to have your own agent working on your behalf.
Your agent will be aware of your need to move things along and should have the experience to get the transaction to close faster. They will act as your fiduciary, ensuring your interests are best served while ensuring the sale progresses quickly.
FSBO sales are relatively rare, making up around 10% of all homes sold. Many of these sales are to people the seller already knows. If you don’t have a buyer ready, this selling option could be more difficult than you imagine.
FSBO means that you will have to understand the closing paperwork required to ensure the sale transaction completes as expected.
An attorney and a title company will need to be employed to ensure the transaction completes all the legal hurdles necessary. If you don’t have a full appreciation of what has to happen and when, things could go wrong, delaying the sale.
Can I Sell My House As Is Fast?
If your home needs some repairs, but you don’t have the time or money to fix up the property before a sale, the “as is” option can seem like a good idea. This will mean that buyers accept that you aren’t going to make any repairs, and they will get the home as it currently is.
Selling a home like this isn’t likely to speed up the sale. An as-is sale won’t attract as many buyers, as people will naturally assume that there will be many problems with the home. This will be a big cause for delay in your sale, and you will be likely to get less for the home as well.
One of the problems with this type of sale is that buyers will lowball you, hoping to get a bargain on your house. Regardless of the repair work required, you will get offers below the real value of the home.
You also can’t hide information about the home through an as-is sale. Even though you might want to hide the problems with your property, you may not be allowed to depend on the rules in your state. Your real estate agent, however, will have to disclose defects to potential buyers.
Selling a house as-is fast is possible but is usually not the way you’ll want to market your property.
