8 Secrets on How to Sell a Property Fast
Mitigating risk in the real estate market is so hard that most real estate agents fail within their first year. In the real estate world, one of the hardest things to do is to sell a house, and without the right strategies, it could sit on the market for months on end.
Selling a house can be stressful, and even when you have a real estate agent, there are several things you can do to speed up the process. In this post, we have compiled a comprehensive list that will show you how to sell a property fast.
1. Clear Out and Declutter
There are several strategies that you can utilize to sell a property fast, but nothing beats decluttering.
You see, the interior appeal plays a significant impact on how buyers perceive your home, and if they find it messy, they are not going to be pleased. It’ll deprive them of the opportunity to picture the house as their own, and clutter makes a house seem smaller than it is.
With this in mind, decluttering and organizing your home for viewing is the first thing you need to do. It’s understandable if you have accumulated stuff through the years of living there, most of which you may not be using anyway. If you have too much stuff, consider getting a storage unit to keep all your things until you find a new place.
Whatever you no longer need, you can sell on a yard sale or donate to friends, family, or the less fortunate in your community. The idea here is to showcase the square footage of the house and highlight the flow between rooms. Take down all your personal items such as photos from the display as potential buyers need to envision the property as their own and not yours.
2. Fix Everything You Can
If you want to know how to sell a property fast, one good way is to fix everything you can. There will be an inspection of the property down the road, and the inspection results can be a re-negotiation leverage, which you want to avoid.
This may seem like a complex process but repairing broken fixtures, fixing peeling paint, floor stains, rotting wood, and anything else that could discourage buyers will be to your advantage.
Running toilets, broken lights, dripping faucets, termite damage, foundation leaks, and cracked windows can be an eyesore and will discourage most potential buyers, so get right to it before listing the property. It’s advisable to get an inspection beforehand to avoid expensive repair surprises when a buyer finally makes an offer.
3. Use the Most Suitable Selling Strategy
When looking to sell a property fast, most people opt to hire a real estate agent. Agents have a vast network that will assist in selling the property quickly, and they know all the tactics when it comes to negotiations, paperwork, and closing. They also have the potential to sell the house for much more than you would if you choose to go the FSBO way.
FSBO stands for For Sale By Owner. If you decide to sell the property yourself, you won’t have to pay the agent commission, which could be as much as 6% of the closing price. However, you may not understand the seller’s or buyer’s market, how to deal with negotiations and paperwork, and the house may not sell as fast as you want.
4. Sell the House for Cash
If you’re in a hurry and need to know the best way to sell a property fast, you may want to consider selling your house for cash. There are many legitimate cash buyers out there ready to buy your house. Once they view and agree on a price, you may have your money in about a week.
As long as you know the value of your house, search for the best cash buyers in your areas to make a deal. They will assess your home and approve or make you a counteroffer, and you can finally close the deal. The advantage of working with home cash buyers is that you don’t need to fix the property, do repairs, declutter, or anything of that sort.
5. Price the Property Right
When most people get into the market to sell their properties, they have no idea how to price them. A lot of people tend to overprice the property, after which it sits in the market for months, and they wonder why.
While it’s understandable that you want to get a good price for it, it pays to be realistic, especially if you want to sell fast. The best way to price a property is by comparing it to other similar, recently sold properties in the neighborhood.
A competitive price will help you stand out and draw more potential buyers to view the property. This will increase the chances of getting a buyer quickly and selling the property fast. One benefit of hiring a real estate agent is that they’ll conduct a comparative market analysis and use real estate comps to price the property.
6. Improve Your Curb Appeal
Curb appeal will have a major impact on how fast you sell your property. First impressions are very important, and the exterior of your property is the first thing potential buyers will see when they pull up on the driveway.
It’s vital that you make your exterior appealing. You might want to replace broken fixtures, fix the mailbox, paint the front door, and use a welcoming mat. Depending on your property, you can hire a landscaper to trim hedges, trees, and overgrown tree branches, mow the lawn, plant flowers, and take away any debris lying around on the yard.
7. Hire a Professional Photographer
With the advancement of technology, it may seem okay to take a few pictures on your smartphone for the listing. However, if you want to sell a property fast, it pays to hire a professional photographer. Poor listing photos could discourage buyers, so you need alluring and strategic photos that will lure them over.
8. Use Multiple Marketing Strategies
When looking to sell a property fast, a listing may not be enough to quickly get you buyers. The more people you make aware, the faster the process will move along.
Tell everyone you can that you’re selling the property. Use a “For Sale” sign, hold an open house, and use social media to your advantage.
How to Sell a Property Fast: Everything You Need to Know
There you have it! These are the top strategies you can use to sell a property fast. Regardless of the season or the current market, these tips will hasten the process and help you sell the property fast for the right price.
If you want to sell it as quickly as possible, please contact us, and we’ll get it for cash. We’ll give you the right cash offer, and when we come to an agreement, we’ll take the property off your hand, and you won’t need to lift a finger. Feel free to check out our website for more info on selling your property for cash.