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Selling a house is a huge milestone in everyone’s life, and everybody wants to do it right and gain the most profit possible. However, people often find themselves in a situation where they need to close the sale fast. It might not even be an emergency, some people just don’t want their house sitting on the market, and that’s understandable.
Well, it’s possible to both sell a house fast and extract a good profit from the sale, but you always need to be aware of some key factors in order to avoid failure. This article should help you learn more about how to sell a house fast.
Table of Contents
Pricing
It’s very important to be realistic about your price. If you overprice the house, it might end up sitting on the market for months. That would just mean more expenses for you and you still might not sell it at your preferred price. It would also be a shame to underprice your house and regret it in the future.
You should simply look up the average square foot price in your area and price your house accordingly. The other way is to hire a professional to do it for you. However, before you list the final price, it’s advisable to inspect the house for any urgent repairs and do them if necessary.
A potential buyer will inspect the house before closing the deal anyway, and if they find any major flaws you didn’t tell them about, they will have every right to a significant price reduction.
Timing
If you want to sell your house fast, you should be very careful about the timing. Yes, it would be ideal to wait for the prices to rise, but that’s not the point here (and not everyone is in a position to wait for a housing boom).
We’re talking about the seasons. There are times of the year that are better for selling a house than the others.
- Spring is generally the best time of the year to list your home for sale. The main reason is the weather. It’s getting warmer, but still not too hot, and the days are getting longer, which means more daylight for showings. Spring is the time of tax returns, so people have more funds to spend.
- Summer is also good, especially in its early phase. Daylight is the longest in that period, and the weather is warm and predictable, which makes it easier to book more showings. A lot of families with kids are in a hurry to settle before school starts, so you have a good chance of closing the sale fast.
- Autumn is generally not too good if you’re hoping to make a quick sale. The weather is getting worse, the days are shorter, and most of the house hunters have already settled during the summer season.
- Winter is the worst time to market a house for sale. Besides the cold weather and short daylight that keeps people at their homes, it’s also the holiday season. It is the end of the fiscal year, and everybody is tight and on a budget.
Pre-Marketing
Pre-marketing or pre-MLS is a relatively new trend in house marketing. This strategy consists of advertising your house on various platforms to specific audiences before you put it on the market.
This strategy has proven to be very successful because a lot of people like the idea of being the first ones to view the house. As the listing day approaches, the anticipation is building up, and some people who fell in love with your ad will place an offer on the first day of the house being on the market.
Staging
The first impression can be crucial when viewing a house. You know the qualities of your house the best, but you probably don’t know how to point them out to the broader public. A lot of times, it’s not the quality of the structure that will make people fall in love with your house, it is what they first see when they walk in.
Throughout the years you have probably found your perfect interior setup, but that doesn’t mean that setup will attract the most buyers. A professional stager knows just what an average house hunter wants to see, and they will know best how to point out the perks of your house. We suggest going with a professional stager.
Consider a Cash Buyer
If you’re really in a rush to sell your house, or you have a distressed inherited property that you don’t have the time to deal with, you should consider selling to a cash buyer.
We are aware of the bad reputation that such buyers have, but there are a lot of honest companies that will take a quick look around the property, place a reasonable offer, and close the deal in a matter of days if you agree. They will calculate their expenses and be honest with you about their intention to flip the house for profit.
This strategy won’t get you the most money possible, but in some cases (distressed and hard-to-sell properties, or states of emergency), when you put all the expenses on paper, you will realize that this might be the best deal for you.
On a Final Note
Patience is a virtue, but not everybody can afford to be patient nowadays. Sometimes, you need to act quickly, but that doesn’t mean that you can’t profit from your actions, quite the opposite.
If you follow some basic advice mentioned in this article, you will without a doubt close the sale in a matter of days or weeks, while also garnering great profit.
Learn more about the house selling process, on this website: www.designwithdeb.com
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