The housing market is always changing as prices fluctuate, economies expand and contract, and buyer attitudes change. For these and many other reasons, selling a house as quickly as possible can be difficult, with the average home sale taking 2 to 3 months to complete, but sometimes people need to push the sale through a lot quicker than that. The 65 day average of selling a home is dependent on many factors of course, and it could take a lot longer than that depending on the economy, the condition of the home, and the current buyer market. Fortunately, there are some methods that can be employed to boost the sale time, including:
- Using a quick pay company
- First impression renovations
- Lowering the price
There are many companies that will buy your property quickly but these come with some conditions while raising curb appeal and first impressions are vital if your home is on the market and if you lower the asking price by a substantial amount then you are almost guaranteed a quick sale. Here are 3 tips for selling a house as quickly as possible.
Cash for Houses
Real estate companies that specialize in quick buying and selling are legitimate sources of a fast-selling home. Around 40% of home sales are “cash for houses” sales and these companies can get the ball moving as soon as possible by taking care of all the necessary paperwork, legal requirements, and money transfers. However, they don’t usually actually use cash but will pay a deposit to your account, and because of the quick action and necessity will usually offer a price below value which is normally around 75% of the asking price, but there are some that will pay up to 100% depending on the circumstances.
First Impressions Count
If you are looking to get the full or near asking price for your home and don’t want to use a quick sale company, then simple home improvements that don’t cost a lot can go a long way. First impressions count with almost everything in life and your home is no different. First, you might want to raise curb appeal by repainting the front of the house, landscaping the front a little, and performing visible repairs. Redecorating the hallways and main areas of the home that a buyer will typically look inside also boosts the sale potential of a property and the best method is to use neutral tones while keeping it “homey”.
Going Low Might Help
This might sound counterintuitive to a sale but if you are looking for a quick sale then it isn’t a bad idea to lower the asking price by a substantial amount, especially if you haven’t done any repairs, redecorated, or applied any home improvements. Buyers looking for a quick property that needs repairs will typically expect to pay around 10% less than the asking price but this could be more depending on what needs doing and how quickly you need the sale. You can of course negotiate but this takes more time and in the long run, it could cost you less to just accept the first offer under the asking price.