Putting your home on the market can be stressful. While some homes sell in just a day or two, others can sit on the market for months or even years. Often in limbo between moving to a new place and closing the deal on their old one, many homeowners fear having to balance two mortgages until their property sells.
There are a lot of obstacles to selling a house quickly. From the time of year to the asking price, there are often several reasons that homeowners find their property sitting on the market for a long period of time. Here are some things you can do to combat those reasons and help move things along.
Set the Right Price
When selling your house, the main objective is to make a profit. Whether those funds are used to pay off the remainder of your mortgage or to help fund your new place, the hope is that you’ll get a considerable amount back from the sale. The problem is if you ask too much, and buyers can find comparable properties in the area for less, they aren’t going to choose your house for purchase, they aren’t even going to look at it. That’s why it’s best to set your price competitively (even going a bit less than comparable houses) to try and cite a bidding war. An affordable house will encourage multiple buyers to put in an offer which can get you closer to or beyond your asking price.
Make Sure Its Clean
Once you place your property on the market, it needs to be ready for showings at all times. To get your home to sell fast, you want to present a place that interested buyers could see themselves living in. Whether you still reside on the property or not, it is imperative to make sure that the space is spic and span. Move things you’re not using to storage, vacuum regularly, and make sure that each room looks presentable.
Renovations and Repairs
Buyers are looking for a property that is not only aesthetically appealing but one that won’t require much work to maintain. If there are issues with the property that could deter someone from making an offer, you need to have them repaired or updated. Start by repairing things like the roof, plumbing, or electrical system to ensure the home is safe and livable. Next, if you have money leftover, you can update certain rooms in the house like the kitchen or bathroom which are also known for increasing the value of the property.
Whether you know it or not, the exterior of your home gives an impression to passersby. If a potential buyer drives past your house, what message will it send? Things like poor yard maintenance, damaged siding, cracking or chipped window shutters, and poorly designed doors can cause people to turn the other way. You can add curb appeal to your home without much money or effort and get your home sold faster. Mow the lawn, prune or cut any trees and bushes, add a fresh coat of paint to shutters, doors, and siding, and fix things like broken railings or stairs. Now when people pass by, they’ll be eager to see more of the home.
What better way to get buyers interested in your property than to host an open house? Allowing interested parties to come and view the home can give them the up-close view they need to make a final decision. When planning an open house, be sure to stage the house accordingly. Staging experts can be instrumental in helping you to create a space that buyers will fall in love with and can see themselves in. This emotional connection often drives offers and gets properties sold faster.
Selling your home is probably not as easy as you thought. Though there are a lot of people out there looking for the perfect place to call their own, there are also thousands of houses out there competing for their attention. If you want to sell faster, focus on the details. This includes making sure the space is clean, safe, aesthetically appealing, and priced right for your market. These ideas and continual exposure will help you to get the offer you’ve been looking for sooner rather than later.
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