Selling a house requires a lot of work coupled with the right selling decisions. Homeowners should consider the market, pricing, and other information before diving in. Those who do not wish to stress themselves can consider selling to cash home buyers like LEAP Properties.
With cash home buyers, homeowners can eliminate the usual bureaucracy associated with property sales, save money on repairs, upgrades, and commissions, and determine how fast they sell.
But if you’ve chosen to sell your home the traditional way, it’s important to know the steps to improve the sale timeline. Here are the most important tips.
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Pick the Right Selling Strategy
Homeowners looking to sell have three options; sell on their own to cash home buyers, sell on their own to private buyers, or hire a real estate agent.
Those looking to sell faster and with added flexibility will enjoy selling to cash home buyers. Cash home buyers have cash payments ready to go. They can complete the deal in days or weeks, depending on the seller’s preference. In addition, cash home buyers do not require sellers to upgrade, repair, clean, or undertake any home improvement projects. This added advantage makes it easier to waive the inspection and repairs bottleneck and complete the deal sooner.
Sellers looking to handle the process while selling to private buyers will often have to choose the right staging, marketing, and viewing/showing strategies to get more interest. The right marketing strategy may involve listing the property, investing in advertising, and more.
Hiring a real estate agent is an option most sellers choose, especially because it outsources the stress and hassles. The right real estate agent or agency can leverage their connection and network to improve the chances of selling. However, real estate agents are unable to guarantee a selling timeline, so they often work with a minimum of 90 days or 3 months to sell a property.
Choose the Right Price
Pricing is an important factor to consider when selling anything, including your home.
Sellers are often biased about the value of their properties. This is called the seller’s bias. This phenomenon can often influence the valuation of the property, causing the seller to overprice it.
When selling to a cash house buyer, an excellent way to save money and avoid overpricing your property is to contact three or more cash house buyers. By doing this, you get a chance to pick the most favorable offer while also getting a clear understanding of your property’s worth.
If selling by yourself to a private buyer, it’s best to contact a real estate agent or a property valuation expert to get an idea of how much your property is worth. You can use this valuation information to shape the property’s asking price.
When using a real estate agent, you can rest assured that the entire process has been outsourced. The agency will advise you on pricing based on local market information available. They can also recommend repairs, upgrades, and improvements to improve the sell rate and price.
Consider Depersonalizing
This advice is great for homeowners looking to sell to private buyers or those working with real estate agents. For those selling to cash house buyers, rest assured that they buy as-is, so you won’t have to worry about decluttering or depersonalizing your space.
For homeowners targeting private buyers, it’s best to create a clean slate or palette for potential buyers to imagine. Depersonalizing the space can also remove offensive items or discouraging items that can influence the potential buyer’s decision.
When depersonalizing, ensure that all clutter is sorted into three piles, essential, non-essential, and garbage. The essential clutter can be kept in a storage area, the non-essential can be gifted out or sold in a yard sale, and the garbage should be junked or recycled.
State the Property’s Condition
Property owners looking to sell fast should understand the importance of clear descriptions.
If you’re selling to a cash house buyer, ensure that the property listing contains “as-is,” meaning you’re looking to sell the property in its current condition without investing any more of your money. This helps to shape interested buyers’ expectations and weeds out non-target audiences.
On the other hand, selling privately or through a real estate agent requires stating the full amenities and unique selling points offered by the property. For example, you can state the property’s proximity to local shops, downtown areas, schools, malls, shopping complexes, bars, restaurants, etc.
You can also go the extra mile to list a couple of new items and remodels that have been done to bring the property to modern standards. The description can set your property apart and encourage more potential buyers to reach out to you.
