When it comes to selling a house, everyone wants quick results. The longer the house is in the market, the less valuable it becomes. Therefore, it’s always better to sell my house cash. Technology has changed the way we live, interact, and communicate. Almost every industry has accepted technology with open arms, except real estate. Fortunately, they’ve started embracing change. However, selling a home isn’t as fast as ordering your favorite food or booking a cab, mainly because people prefer physically visiting the property.
However, before we move to the ways to sell your house, let’s understand the mechanics of home selling.
Factors that Affect the Speed of the Sale
According to some research, it takes around 68 days, on average, to sell a house. However, the number might vary depending on various factors.
The first thing that has the biggest impact on the speed of the sale is the location of the property. If it is situated in a great neighborhood, you won’t have to wait for even a week to sell your house. Another factor is if it’s a sellers’ market or a buyers’ market. This is something that’s out of your control.
Price is yet another deciding factor. If you’re looking to get the maximum value, then expect to wait for long.
Now that you know what factors affect the speed of the sale let’s have a look at five top ways to sell your house fast.
1. Find a Wholesaler Who Buys Houses
According to studies, 40% of all real estate transactions happen with cash. This means there’s no involvement of financial institutions. Thus, look for cash home buyers. They’ll buy your house immediately. People who are not ready to buy with cash, look for a mortgage from banks. That requires extra time that goes into processing the papers.
Another benefit of selling your house to a wholesaler is that it gives you a fair value of your property. They put your house under contract and flip it to a cash buyer. It is faster than finding a cash buyer yourself.
2. Find the top real estate agent in your area
Every area has a top real estate broker. Real estate agents promise to sell your house as soon as possible, but many of them fail to keep their promise. Well, they do have the intention to sell your home and that too at top dollar. However, they list and forget your property. Therefore, it is essential to find the top real estate agent who delivers what he promises.
A simple Google search will help you find the perfect real estate agent for your house. However, don’t forget to look at the reviews and testimonials to ensure you’re betting on the right person.
3. Reduce the Price Dramatically
Price is the biggest motivator to purchase anything. However, reducing the cost by a few hundred or thousand dollars won’t do any good. You need to take a major price shift. For example, if you’ve listed your house for $500,000, then dropping it to $4,40,000 would help you seal the deal. If you have already listed your property on a website, then instead of deleting and re-posting it, just edit the price of your house.
4. Improve the Appearance
When buying a house, people check how it looks, both inside and outside. Changing a few things can help you appeal to the buyer’s emotions and increase the chances of a sale. It includes replacing the carpets with a new one, putting fresh paints on the wall, and updating your light fixtures. If you have the budget, then go on to update the appliances. All of these contribute towards appealing the buyer to purchase the house ASAP.
5. Leverage Technology
People begin their home search with search engines. If you haven’t listed your property yet, now is the time. However, make sure that you add high-quality images to entice users into visiting your property. Also, if you are listing your house on multiple websites, make sure to maintain consistency in price.
Selling a house isn’t difficult or time-taking, given that you know the right tactics. The five tips mentioned above can help you sell your house quickly. Keep in mind; the fastest way is to sell it to a cash buyer and avoid people who look for mortgages.