You have a house you want sold, and you want it sold yesterday. Maybe you don’t have a lot of time, or maybe you just don’t like waiting for offers to come along. Either way, reading this guide will get you on your way to making a quick house sale.
How to Sell a House Quickly
The average time a house stays on the market is about two months, but sometimes houses go up for sale and sell in less than a week. What makes some houses sell faster?
Price is a factor, for one. Houses for sale at below their market value (a rough estimate of how much the house is worth) tend to get more offers, and get offers sooner, simply because they are more affordable for a greater number of people. Lowering the asking price for your home to appeal to more buyers doesn’t necessarily mean you’ll end up making less money. In fact, having several competing buyers, each eager to get their hands on the cut-price property, allows you to justify raising your asking price – sometimes (depending on how many offers you receive) above the market value. Although the tantalizingly small price tag is what made buyers covet the property in the first place, those with the most money to spend will raise their offers for fear of being outbid. It may not be the case that a dozen buyers will be clamoring for your property, but it is still a good idea to set a reasonable price if you want to make a quick house sale.
What else makes for a quick house sale? It’s the one word mentioned by every real estate agent you will ever meet: location. (You only have to say it once.) Parents look for security and proximity to education facilities: they want homes that are a reasonable distance from good schools, in an area where they and their children can feel safe. Then there’s the matter of simple convenience – everyone can appreciate a domicile conveniently located within walking distance of the nearest supermarket, of course. If your For Sale sign has gone up on a front lawn located near a smog-spewing industrial area, a roaring highway, or constantly clattering train-tracks… well, that sign might be up for a while. The point is, where your house stands has a lot to do with how quickly it sells. Be aware of this and adjust your asking price accordingly.
Like the girl in your high school who always got asked out on dates, an attractive house tends to get a lot of offers. That is, compared to a houses that look like they’ve seen better days, or ones that are outright ghastly. If making your house look pretty and presentable is a matter of replacing a few windows, re-shingling the roof, maybe applying a new coat of paint, then it’s a solvable problem. (If it requires tearing down a monument to terrible architecture, you should probably ask yourself ‘what were you thinking?’). There’s no getting around the fact that repairs and refurbishing to reverse the effects of wear-and-tear on your house will cost you – especially if you hire professionals to do the difficult, dirty work for you. But ultimately, if making a quick house sale is your goal, it’s probably worth it.
The Fastest Way to Sell
The tried-and-true method of going to a real estate agent, listing your property for sale and waiting for offers to roll works for most people. Others simply don’t have time to wait, or money to spend on repairs, advertising or real estate agent fees. There is another way to sell – and it’s probably the fastest in the real estate market. Real estate investment agencies (such as Strong Tower Ventures) make a profit from buying properties at slightly below market value from people who are urgently seeking to make a quick house sale for personal, financial or legal reasons. Real estate investors negotiate quickly, do not charge service fees and after making an offer, typically close a deal in less than two weeks.
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