Having your home on the market can be a stressful time for you, as the homeowner — especially when there are time restrictions, if you need to sell your home fast. If it is a seller’s market or buyer’s market, this is going to contribute to how long your home will be for sale.
Whether you have already purchased another home and the closing date is approaching, or you just want to sell your home quickly, there are some things you can do to help speed up the process. Here is a list of tips you can use as a homeowner to help sell your home faster:
1. Price It Right
When listing your home on the market, it is important that you understand the market you are entering. The real estate market is constantly changing and can be unpredictable at times.
When deciding on what price you should list your home, you want to ensure that you conduct a comparative market analysis, which researches properties in your area to see what they are listed for and sold for. This will allow your home to be priced right according to the market and based off other properties in your area.
There are a variety of different strategies that can be used when pricing your home, including underpricing to attract buyers and create a bidding war. However, this strategy does NOT work in every market.
By knowing the real estate market, you will be able to use the appropriate strategy to price your home and get the best possible value for it.
2. Find the Right Real Estate Agent
If your home is on the market, you want to make sure that you have a sales representative who not only knows the market — you also want someone you connect with! Having an agent who is constantly aware of the real estate market and knows how to sell your home is important.
A real estate agent’s experience helps them to sell your home for top value because they have worked in a multitude of different markets and know what strategies to use to sell your home, depending on the current market.
The other important aspect to having the right agent is their connection with you. As a homeowner, you should pick an agent who you can trust to help you through this process. This process is unfamiliar to most people and having a trusted advisor can make the experiences less stressful.
3. Light is Everything
You want to make sure that your home stands out when it is for sale because it is competing with a variety of other homes.
One simple way to make your home stand out is making it look bright and fresh on the inside, as well as the outside. The easiest way to accomplish this is to have as much natural light flowing throughout the inside of your entire property.
When your home is on the market and a showing occurs, you want to make sure that all the blinds in your home are open to allow the natural light in. This will make potential buyers feel more at home when they are viewing your property.
4. Take the Home Out of Your Property
You need to depersonalize your home before putting it on the market. This includes things like family photos and personal keepsakes.
The buyer needs to be able to envision themselves living in your house, so they imagine themselves turning it into their own home. Your own personal items will make it harder for them to do this.
You can replace family photos with artwork or mirrors to ensure that your walls don’t look bare. Your real estate agent may be able to help supply some of these items when staging your home.
5. Always Be Ready to Show
If you want your home to sell fast, the key is to have your home “show-ready” at all times because you never know when a potential buyer will make an appointment to see your home.
You want to ensure that everything is clean and sparkling so that any buyer is impressed when they see your home.
If your home is professionally staged, you want to ensure it looks the same as it did the first day it was staged. You want potential buyers to be impressed from the moment they walk into your home.
6. First Impressions Matter
Regardless of what the inside of your home looks like, the first thing any potential buyer is going to see is the outside of your home. Your property will immediately be judged before the potential buyer even walks in the front door.
You want to make people feel welcome and warm when they pull up to your house. This is something which can easily be accomplished by purchasing inexpensive shrubs and brightly coloured flowers for dramatic curb appeal.
Regardless of the reason why you need to sell your home fast, it is extremely important to be educated on the real estate market you are entering, as well as ensuring your home makes a great first impression on any potential buyer, in order for them to see your home as their next home.
If you are thinking of selling your home and want to know more information about the comparative market value of your property, contact the Paula Mitchell Group’s team of real estate experts.