The average US home is on the market for around 22 days. However, the time from sale to closing can take an additional 79 days. So what do you do when you don’t have that time?
Luckily, there are ways to speed up the process. Read on as we give 5 tips to help you sell a house quickly.
1. Price to Sell
When it comes to pricing for a quick sale, you need to know if you are in a buyer or seller’s market. A buyers market is when lots of homes are on sale. The buyer has the advantage because there are lots of products but less demand.
A seller’s market is the opposite. Demand is high but there are few properties on offer. This gives the seller an advantage.
When selling, in a buyers market you may want to lower your price. This will attract prospective customers and speed up the process. In a seller’s market, consider pricing it at the going rate as you are likely to attract buyers regardless.
2. Hire a Real Estate Agent
Working with a great agent is a good way to sell a house fast if you don’t want to sacrifice profit. Agents will have a network of buyers and other agents that you don’t have access to. In addition, you will find they have advertising and marketing channels available.
You will have to pay a fee, but usually, the agent will be worth their weight in gold. Find one who has a track record in selling homes quickly. Check out websites like Sellersadvantage.com as an example of a great estate agent.
3. Cash for Home Companies
For a cash offer, you can’t beat companies that will buy your home immediately. You can expect a lower offer than what your home is worth. But it will be fast and there are other advantages.
Sales can usually be completed in as little as two weeks. You don’t pay any fees and you don’t have to stage or repair the home. Check for reputable, reviewed companies in the local area and contact any that are advertising.
4. Do Quick Repairs
You won’t have time for major renovations, so if you want to sell a house fast then concentrate on quick fixes. Give the place a fresh coat of paint, or patch up peeling spots if you don’t have time. Fix any loose fittings such as tiles and door handles then tighten any leaking pipes and faucets.
If you do have time and a small budget, then change the appliances and any fixtures. Old and outdated light fittings could also be replaced.
Finally, do some work on the yard and front of the house. This can increase the curb appeal, giving people a better first impression of the property.
Sell a House Quickly
Now you know how to sell a house quickly, choose a strategy. If you are willing to take a price drop you may be able to sell it quicker. When you are not, find a great real estate agent.
This article is one of many to help you safeguard your investments. From property to finance, we can help get the most from your money in the coming year.