Normal circumstances can make selling a house difficult. But when you have a deadline to meet, it is a different story. These five essential tips will help you sell your house quickly.
There are many reasons why people need to sell their house quickly, whether it is because of a new job or a family emergency.
The good news is, despite what you might have heard, not being in a rush means that you will lose a lot of money on the transaction.
A top-rated agent is the best way to quickly sell your house.
Contact us to find out more or connect with a top-rated agent in your area for a consultation.
Here are five ways to sell your house quickly for the market value or more.
1. If possible, avoid cash buyers and other equity purchase companies
Cash buyers such as “We Buy Houses For Cash”, are open to buying houses in any condition.
It may seem faster than listing with an agent, but the truth is that they are very similar, at least for top-rated agents.
Although cash buyers might offer some speed advantages, it is possible to lose a significant amount of equity if you go this route. These companies work on a buy/low-sell/high model. This means that you will likely get a lowball offer, often between 20 and 50% below the fair market value.
This option is only available if your property is in serious disrepair and you are selling it in a difficult market.
You should consider selling to an iBuyer if you are in foreclosure, inherit property, divorced or need to move for work.
Although iBuyers typically charge fees for service, they are able to offer a greater range of fair market value than local cash buyers. They are also more efficient than local cash buyers. Many make preliminary offers within 24 hours, and close as quickly as 10 days.
2. Don’t List For Sale By Owner
Many home sellers who are looking to save money will try to sell their homes by themselves. This is also called a for sale-by-owner listing (FSBO).
This approach is not recommended if you are looking to quickly sell your home. While nearly 36% of home sellers attempt a FSBO sale each year, only 11% ever actually close a deal.
Most FSBO-listed properties remain on the market for several months before sellers decide to give up and seek professional help from a licensed agent.
Most FSBO sellers don’t have enough time or expertise to quickly sell a house. To ensure that their houses sell quickly and for the highest possible price, top agents work long hours including weekends and holidays.
Selling with a top agent can save you thousands
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3. To Sell Your House Fast, Stage It
Your home’s presentation can make it more attractive to potential buyers.
Potential buyers want to feel at home in the space. Potential buyers might not be as inclined to purchase if your personal touches are excessive. They may offer a lower price than they originally requested.
Hire an interior decorator to stage your home. You can have your existing furniture used and choose decor to make the home look attractive.
Not only can you remove personal touches but also repair or replace obvious aesthetic accents. This will help increase profits and speed up sales.
To sell quickly, you will need to repaint your interiors, repair visible damage, replace burnt-out lightbulbs, mow your lawn, or make other curb-appeal improvements.
4. 4.
Although it may seem unorthodox, a home auction can be a great way to quickly sell your property.
The closing date for homes sold at auction is between 30 and 90 business days after the original offer.
Pre-qualified buyers only will be able to bid on your property. By avoiding staging and omitting showings, you can save time.
Not only are property auctions fast, but potential sellers also don’t need to negotiate with buyers.
This convenience comes at a price. Your home will sell for 10-15% more at auction than it would with a traditional listing.
It’s a great way of quickly selling property, but you’ll often make less than the market value.
5. Locate a local real estate agent who is experienced
A local real estate agent is the best way to ensure a quick and profitable sale of your home.
They can advise sellers on the best listing price and advertise the property via MLS.
An agent of high standing will have extensive experience in marketing and negotiating and will provide guidance during the closing process to make sure all paperwork is completed.
They can even negotiate the closing costs with potential home buyers. There’s a reason that 91% of home sellers choose to list with a real estate agent.
All Partner Agents are top-performing agents with extensive experience in home selling. If your home sells for over $350,000, they’ll charge a flat fee of $3,000 or 1%.
This means that your total commission will be thousands less than if you were working with a traditional agent. Even better, you won’t pay until your home sells.
Contact us today to speak with one of our highly-rated Partner Agents in the area if you have a tight deadline but still want the best price.
Top FAQs about How to Sell a Home Fast at Market Value
1. 1. Should I sell my home to an investor?
Investors will likely offer you a lower price than the market value if you are looking to sell your house quickly. Investors will need to cover closing costs, taxes, repairs, and other costs while the property is being flipped. These additional costs will likely result in investors offering less than the market value of your home.
2. 2. Can I get rid of my mortgage?
The lending party can sell your home for less than the mortgage amount and then pay you the difference plus any legal fees. To relieve yourself of the financial burden of the mortgage you will need to pay the bank the remaining home value.
3. Are laminate or carpet better for resale?
It all depends on the buyer, but laminate flooring is preferred in most cases. Although hardwood is the best option, it is also expensive. Laminate wood floors are a great option for quick flooring updates that will increase the beauty and appeal of your home. Carpet is not as popular in many places due to dirt and allergies.
4. What are the things you should not do when you sell your house?
To ensure fair market value, you don’t have to completely remodel your home. The house’s overall appearance can be improved by making minor improvements such as repainting, painting, fixing appliances, or updating the hardware. Minor repairs can be made to the kitchen and bathrooms without having to completely gut them. Installing unnecessary touches such as crown molding, backsplashes or beadboard does not add any tangible value.