Are you looking to sell your property quickly? Every property owner wants to do this. However, it only happens sometimes. On average, selling a property takes about 30 days.
Yet, some properties sell within a day or two. How fast a property sells is determined by the asking price, the property condition, the market condition, and your marketing strategy. Below, we'll share tips for selling real estate quickly.
Asking price is one of the most significant factors influencing how fast your home sells. An overpriced property will sit on the market, deterring serious offers, while underpriced will lead to loss. The trick is to price it competitively. Your agent will research recently sold comparable properties in your area to determine a competitive price. This will attract buyers without sacrificing your profit potential.
Unless you have experience selling properties, your best bet to sell real estate quickly is to work with a real estate agent. Most sellers who avoid working with an agent save on commissions and fees. However, closing a deal usually takes a long time unless you have a ready buyer.
An experienced real estate agent is your secret weapon in a fast-paced market. They have the knowledge and connections to get your home in front of buyers. Look for an agent with a proven track record of selling similar properties in your area quickly and for top dollar. You can find one through recommendations from friends who have sold houses before or through online reviews.
The type of buyer you attract will significantly impact the speed and certainty of the sale. Cash or pre-approved buyers are the best to work with when selling faster. Their mindset is, "we buy houses as quickly as possible", making them prioritize speed and efficiency. Cash offers eliminate lender approval, leading to a quicker closing process.
A buyer undergoing the approval process can take up to two months to secure funds. Even worse, the deal might fail if they need more funds.
The goal is to put the property in front of the right buyers, so you must work with an agent. Leverage both traditional and digital marketing channels. List your property on major real estate websites, use social media platforms, and consider targeted online ads. Open houses and flyers in the neighbourhood can also attract local buyers.
Emphasize your property's unique features in your marketing materials. Whether it's an impressive garden, a state-of-the-art kitchen, or a prime location, make sure these highlights stand out. The right selling points will set your property apart from others on the market. Capture high-quality images and consider virtual tours for an immersive experience.
First impressions matter. Your home's exterior is the buyer's first glimpse, so make sure it's inviting. Simple enhancements like landscaping, painting the front door, and cleaning the driveway can significantly boost curb appeal.
Ensure the lawn is neatly mowed and debris-free, or plant vibrant flowers. A well-maintained exterior encourages buyers to see the inside.
Staging helps buyers visualize themselves living in the space. To do this, declutter every room, removing excess furniture and personal belongings to highlight your home's best features. This creates a sense of spaciousness and allows potential buyers to view the property's full potential.
Clean the property thoroughly, paying particular attention to the often-missed spots. Rearrange the furniture to create an inviting look. If you are doing this yourself, check Pinterest for inspiration. However, you can also hire a professional stager to do it.
Repairing the entire house may be unrealistic at this point. However, it would help if you addressed any obvious repairs before listing your property. Minor issues like loose tiles in the bathroom or faulty doorknobs can turn potential buyers off.
You can even do cost-effective upgrades that add value, such as updating fixtures, painting walls, or modernizing the kitchen and bathrooms.
Offering incentives can make your property stand out in a competitive market. For example, you can offer to cover closing costs, provide a home warranty, or include high-value appliances and furniture in the sale.
Incentives can make your property more appealing and expedite sales. However, always be sure that whatever you offer makes sense, as high-value items can affect your profit margin.
Selling real estate quickly requires strategic pricing and effective marketing. Following the above tips can enhance your property's appeal, attract serious buyers, and close the deal faster.
Remember, the key is to present your property in the best possible light and make the buying process seamless for prospective buyers. If you need real estate experience, we recommend working with a real estate agent.