Fast house sale
So, you want to sell your home? Be prepared to enter a world of shady real estate agents, flustering online advertising schemes, and indecisive buyers. Ultimately, getting your home sold can be a lengthy and frustrating exercise. It’s just the nature of the property market – it can be tricky. However, it doesn’t have to be. This guide will give you all the information you need to make a fast house sale in Orlando, with detailed instructions.
Making a Sale: Pick the best option for you
There are several ways to sell a property, but what comes to mind most often when people think of selling property is the private sale. In the case of a private sale, a negotiable asking price is set. The seller then advertises the property at the asking price and waits for offers.
This can be a time-consuming process, which is not ideal when you’re looking to make a fast house sale. Since they have plenty of time to consider and negotiate, buyers will always want to settle for the lowest price possible. To get to buyers to close the deal as fast as possible, you need to generate a sense of urgency. The auction and the fixed date sale are two prime examples of selling strategies that motivate buyers and enable a fast house sale.
Auctions are popular with home sellers in a hurry. They occur on a set date and start with a reserve or minimum price, often relatively low for the property’s real market value. Auctions, as you know, sell to the highest bidder, and their competitive nature usually means you will come away with more money than you would have received for an asking price or fixed date sale.
Fixed date sales are similar to asking price sales – they begin with advertising, then proceed showings for interested buyers. However, rather than negotiating with these prospective buyers, you (or you and your real estate agent) will set out an acceptable price range and a date and time by which offers must be formally submitted. The offers are then collected and reviewed, after which you may choose to accept the highest offer, negotiate further with one or more buyers to get a better offer, or re-list the property and start over if you were unable to reach a satisfactory deal.
The Agent Route
Most people looking to sell a house approach a real estate agent for assistance, and for good reason – qualified real estate agents are formally trained salespersons, educated in the workings of housing market, the legal and administrative (i.e. paperwork) aspects of property deals, and how to interact with clients with professionalism and market savvy.
Putting your trust in someone who already has the prior knowledge and qualifications to make the sale can be reassuring; it will save you time, spare you the stress of managing the process by yourself. Your agent will do the nitty-gritty work of advertising the property, interviewing prospective buyers and filling out the necessary forms. The unfortunate truth is that not every agent is honest or very good at his/her job and ultimately, you get what you pay for.
If you value your time and money, remember the following tips:
- Be smart – Avoid cheap agents who give you deals that sound too good to be true. Do your homework and find an agent with enough experience that you can be confident in his/her ability to make a sale, and that he/she knows how sell your house quickly.
- Be aware that agents will require you to sign a legally binding contract. This contract will stipulate the estimated selling price, commission (fee paid to the agent), costs of advertising, the details of the selling process, and duration of the contract itself, amongst other things.
- Be communicative – Know what the details of your contract are and where you stand. Keep up a regular communication between yourself and your agent so that you are always up-to-date in regards to how advertising is being handled, how many interested buyers you have, and what those buyers think of the property and the asking price.
The Solo Route
You may consider selling the house on your own. Be aware that an understanding of property law, the real estate market and advertising – as well as keen people skills – are essential to pulling off a smooth sale and not getting cheated in the process.
Do not take property deals lightly. As in any case where substantial sums of money involved, you have a lot to lose if you are not firm, level-headed and aware of the situation. If you do not have prior experience selling property, you will have to read exhaustively on the details of the process beforehand to make sure you know what you’re doing.
The following tips will help you if you’re planning on going it alone:
- Know how much your property is worth and what you can realistically ask of your buyers in terms of price – sometimes you have to sell below the market value.
- Advertising involves taking photographs of the home, getting a copy of the floor plans or drawing them up, and posting ads online or in your local newspaper. Have a plan to make as many people as possible aware of your property using ads that pique a buyer’s interest – that’s how you make a fast house sale.
- First impressions are everything. When showing your house to potential buyers, your presentation has to be memorable. Be sure to clean, refurbish and redecorate – that means dusting out the house, making the floors shine, eliminating clutter, and arranging furniture and decor into the most attractive configuration you can manage. If anything is broken, no matter how small, fix it – details do matter. Make your home feel like a home, and an impeccably neat and well-cared for one at that. If you need ideas, take a look at any home catalogue to see what buyers look for in a home.
However you choose to go about it, you should now have a better idea of how to make a fast house sale. Now go out and start selling.
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