3 Things To Do To Sell Quickly in Today's Market (with a decent price)
Got a home on the market that’s lagging on the sale? You are far from alone. Not only do a lot of people find that it takes more time than they expected to sell their property, but in the current market with interest rates going up and home prices going below what a lot of people wanted to make on their property, selling a home can take even longer. Add to that the fact that the longer it takes to sell a home, the more likely it is that people will be put off from purchasing it, and you’ve got a lot of real estate that’s newly located between a rock and a hard place. The situation can be stressful and can leave us stranded, unable to move on to the next chapter of our lives.
Nevertheless, there are a few things you can do to get a home off your hands in a much speedier manner. Here are our top tips.
Drop The Price
We know, the housing market has gone nuts with valuations, as of late. But that’s actually even more of an argument for dropping the price of the property. By dropping the price of the home, you can garner more attention on the market. Given how much home prices have jumped, dropping the price is also a pretty safe bet, as there’s most likely still a pretty large margin of profit buffer, depending on what kind and where the property is, and how long you’ve had it.
With the way home prices were soaring (until they weren’t), a lot of would-be sellers get a little too greedy on the potential of profit - but with the prices now dropping, it’s time to get realistic about the future of the market. Is it possible that your home was put on the market with a price that was too high? It isn’t just about what we think the four walls should be worth or even what we paid initially. The state of the market is by far the leading piece of information from which to gauge a good price.
Additionally, dropping the price is also a solid strategy to incite a bidding war - which even in today’s market has potential to leave you with a price higher than you might have initially thought you would get.
Sell To A Company
In some cases, if you need a fast sale the best thing that you can do is sell your home to a company. Most companies will offer a fair price, but take a look at all of your different options to make sure you’re getting the best choice. A company like FasterHouse can help you sell your home fast, with minimal fuss. They take all of the problems and drama out of the house sale, offering a fair price in line with market value. While some people remain wary of selling to companies, when it comes to selling quickly, it’s often a great option.
Make Some Improvements
While making some improvements to your home incurs more costs to start, making it easy on the imagination of potential buyers is usually worth the investment. When people are looking for a new home, they are not usually looking for something that they are going to need to renovate, unless they specify that beforehand. And that’s a certain kind of buyer with a certain kind of price attached. Plus, the number of people looking for this is low, so making noticeable improvements without causing significant financial loss is usually pretty worth it.
Think about the kind of things that you would be looking for when you are looking for a home. It might just need a kitchen update, new carpets or flooring, new paint, or maybe doing a few more little bits here and there to make the home better overall.
