Everyone wants two things when they sell their home. They want a fast sale, and they want the best possible price.
Let’s forget about the price for now and focus directly on how long it takes for your home to shift on the market. There can be two issues here.
Either, your home gets lots of views and no bites. Or, your home is left on the market with no views at all. The latter issue is easier to address. If your home isn’t getting any views at all, this points to a cosmetic problem with the property or an issue with the price. It’s quite possible that the home is priced higher than people deem it to be worth and so they are not even bothering with a viewing. Or, it might be due to the pictures of the property on display. Perhaps, it just doesn’t send the right impression to potential buyers.
What if you have a lot of views and your home still isn’t getting any offers? In this case, it could be that there’s an issue with the house that you should have sorted out. Or, there might be a problem with your neighborhood. It’s also possible that you could be putting buyers off committing to a purchase. Don’t forget that when people consider buying a home, they do think about the person currently living there.
It’s difficult to resolve all these issues, but you can take some steps to ensure your home sells rapidly on the market. Here are a few tips that you might want to consider.
Drop The Price
If you aren’t too worried about how much the home sells for and instead you’re looking for a fast move, drop the price to make it more buyer friendly. For instance, your home might be on the market for 350k, and you’re not seeing any sign of movement. If you shave around 25k off that price, you’ll find someone quickly snaps it up. Now, you might think that you’re losing 25k by doing this, but you’re not really. If no one’s going to buy the home at that price, it doesn’t matterhow valuable the house actually is. And by selling it fast, you could save a lot of the money that you might have to spend in a situation where you might own two homes at once.
As soon as you drop the price, you will always see someone interested. The problem is that they might try and get you to push the price down lower. In a case like this, you should stick to your guns and advertise as such. Make sure that any promotion of the property clearly states that no offers under the asking price will be considered. This should help you weed out the time wasters.
Auction It Off
If you really want your home to sell fast, you can enter it into an auction. This is ideal with properties that have unique selling points. For instance, your home might have historical significance. Perhaps a notable individual lived there, or maybe it is linked to an unsolved crime. You’ll find that there are always individuals interested in picking these properties up off the market. In some cases, it’s an investment purchase and in others it’s a personal interest.
The advantage of an auction is that you know your home is going to sell in one day. This can be reassuring although there is a downside. You won’t be able to guarantee your home sells at the price that you want or that you think it is worth. As such, an auction is not recommended unless you are sure there is a strong market interest.
Are you tired of waiting for the private buyers to get their act into gear? If that’s the case, you may want to consider looking at commercial buyers. There are plenty of large companies that buy houses as a cash purchase. According to wrenrealtyinc.com/we-buy-houses-for-cash, they’ll buy your home whether it looks outdated or needs a little fixing up and guarantee you an instant buy. Since it’s a cash purchase, you can also avoid the trouble that tends to come from private owners as they attempt to secure the deposit that they need. These businesses will also buy the home at market value which is definitely an attractive prospect.
The only issue is the definition of market value. Some home sellers may find it’s significantly less than they expected. This is due to the fact that these companies are considering the prospect of a potential resale. As such, they may include renovation costs, modernisations and other bills that they’d have to pay once they bought your property. Due to this, the actual price they are willing to buy your home at may be lower than you’d like.
The Right Time
If you want your home to sell fast, you need to put it on the market at a time when everyone is looking for a place to buy. The mark here would be just as spring turns to summer. It’s at this point that everyone who wants to buy is out on the market searching. Now, you might think this means a lot of competition to find the right buyer, and it does. However, it also means that there are a lot of potential buyers on the market and this gives you a better chance at landing that sale. Have a look at www.huffingtonpost.com for more info on the best time to sell your property.
The Best Pitch?
Finally, you need to think about who is representing your home on the market. It’s entirely possible that the reason your home is taking a while to sell is due to the fact that you don’t have the right team pushing it. As such, you may want to think about switching to a different agency. Particularly, if they are not giving you the push you need. In terms of the type of agency to look for you may want to steer clear of those that are based purely online. Instead, you should look at agents that use a variety of offline materials to promote your property. This will guarantee a local audience interest as well as buyers from further afield. You can read more about promotions for real estate on buildfire.com/real-estate-marketing-ideas.
This is a collaborated post.