When it comes to selling your home, time is of the essence. Peaked interest in a new listing happens within the first thirty days; the longer a house sits on the market, the less appeal it has to potential buyers. Sell your home faster by following these five simple tips!
1. Price it right.
You may be tempted to set your initial asking price either far above or below market value when looking for a quick sale. However, some experts recommend researching comparable sales in the area and setting your price in the mid-range between high and low. Others suggest asking 10% less than the lowest sale price. Your best option, though, may be to hire a real estate agent whose knowledge of the market will help you come up with the right number to help your home sell faster.
2. Maximize marketing.
Real estate agents have several marketing tools to make sure that a property gets plenty of exposure. If you want to maximize visibility, don’t overlook the power of the internet. More and more buyers are using the internet to find their perfect home, so be sure your house is listed on popular real estate websites such as HomesAndLand.com and spread the word on social media sites such as Facebook and Twitter. First impressions count, so have plenty of high-quality photos of your property posted online.
3. Be show ready, all the time.
Keep your house clean, decluttered, and remove an overabundance of personal items. Consider hiring a home stager to maximize your home’s potential. Curb appeal can make or break a sale before buyers even walk in the door, so keep the yard spotless. Making your home available to view at the drop of a hat can be crucial for a faster sale, so try not to restrict days and times for showings.
4. Eliminate potential stumbling blocks.
Making small improvements to your home can be key to generating a fast sale. The improvements don’t have to be extensive—painting or installing a new kitchen sink are quick upgrades with big impact. You may also want to consider paying for a pre-sale home inspection. By doing so, you’ll be able to address major problems early on, and you’ll have the inspection and follow-up reports available to show potential buyers.
5. Offer incentives.
Sweetening the pot is a good way to help entice buyers and ensure a faster sale. Offering to pay all or part of closing costs or to prepay taxes are typical incentives, as is allowing the new homeowner to move in quickly. Outside-the-box incentives such as offering to pay for a year of yard maintenance, transferring home warranties, and other creative ideas may also help speed up a sale. Take a moment to sit down with your agent to discuss your home selling strategy, and you’ll be sure to sell your home in no time!
Sources: Wikihow, Money Girl, Trulia, US News
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