Time Is Money, So Sell Your Home in a Hurry
When you’re selling a home, the sooner you can get it done, the better. If it sits on the market too long, prospective buyers may start to wonder what’s wrong with it, and that can make it take even longer to sell.
If you’re currently selling your house or considering putting it on the market in the not-too-distant future, then you owe it to yourself to check out these insider secrets to selling your home quickly.
The Price Is Right… Or Is It?
Some sellers start with a pie-in-the-sky price just to see if they get any takers out of the gate. Sometimes this strategy works out, if there happens to be someone who has been fantasizing about that particular house, and they’re willing to pay a premium to make their dream come true. But to most potential buyers, it’s just another house, and if the price is too high, they’re more than willing to look elsewhere for a similar home without the sticker shock.
The other issue with starting with a big markup is that homes listed for sale almost always receive the most interest during the first month they’re on the market. Scare off all the first wave of buyers, and it may be hard to get them back.
Curb Appeal Matters
You never get a second chance to make a first impression, so make sure your home’s look is on point. Clean up the yard, do some landscaping, and put a new coat of paint on the front door. Resod the lawn and plant some color-coordinated flowers or blooming shrubs along the front walkway. When potential buyers first pull into the driveway, you want them to see a charming residence, not a collection of projects they’ll have to complete after unpacking the moving boxes.
FSBO? Maybe Not.
You’ve probably heard of sellers who have gone the “For Sale By Owner” route and ended up saving a little bit of money. But for every seller who happens to have good luck and a natural talent for marketing, there are many more who end up trying to sell their homes for extended periods of time, to no avail.
If you want to sell your home quickly, you’d be well advised to hire a professional seller’s agent. Local real estate professionals have a keen sense of local market conditions, so they’ll be able to help you market your home more effectively, leading to a faster sale and possibly a higher sale price. Does it cost money to hire a real estate agent? Of course it does. But many sellers have found that enlisting the help of a pro is more than worth the cost.
Make Your Home a Blank Canvas
We’re sure you have excellent taste. In fact, it may be so good that those with less refined aesthetic sensibilities might not “get it.” Your study’s purple walls are beautiful, but they may not be for everyone.
When buyers tour your home, you want them to be able to picture themselves living the good life, their way. Go with neutral paint colors, carpets, and window treatments, and put away your family photos and clutter. Provide them with a blank canvas that will allow their imaginations to run wild.
Make the Right Upgrades to Sell Your Home Fast
A few choice upgrades can dramatically reduce your home’s time on the market, but you have to be careful which upgrades you make. Spend too much money, and you might not get quite the ROI you’re seeking.
If your home is in need of less visually stunning repairs such as a new roof or water heater, then you’re far better off addressing those potential deal-breakers first.
Of all of the cosmetic upgrades you can make to a home, kitchen and bathroom improvements offer the best returns, especially in hot housing markets. Still, make sure the upgrade is commensurate with the value of the house and the other homes in the neighborhood. Spending $30,000 on a new kitchen might make sense if you’re selling a $600,000 home, but if your home is valued closer to the $200k mark, you’d be better off sticking to a lower budget.
We hope these tips help your home sell quickly and painlessly. Have any other tips to share with our community? Let us know in the comments section below!