When homeowners decide to sell their homes, there are several questions that worry them, such as how long it’ll take to sell, and whether it’ll even sell in the first place. This is even more so for those who want to sell fast and move into a new house they desperately want to purchase or move across the country to that new job they just scored.
If you’re in the process of selling your home, you most definitely have more questions about the 2020 housing market.
To help make this struggle easier for you, we have compiled 5 top secrets of selling your home fast in the 2020 housing market so you can finally start another chapter of your life.
1. Price Your Property Right for a Competitive Market
Pricing your home right is something we can’t emphasize enough.
If there is one thing that will kill a deal faster than anything else in a competitive real estate market, it’s an overpriced property. Now, unless you decide to sell your home to cash buyers as-is, such as these home buyers, then your chances of selling your home fast for top dollar will highly depend on having a real estate agent.
A competent real estate agent will guide you in terms of appropriate costs by square footage. Your ego should play zero factor here.
Of course, that’s not to say that you should not play any part in setting the price. The trick here is to choose a price that will motivate buyers to purchase your house.
If you set an aggressive or competitive price, you might even set a bidding war and end up driving the sale higher than you initially intended.
2. Be Upfront About the Shortcomings Your Property Has
You, better than anyone else, know the strengths and weaknesses of your house. One of the best things you can do is be upfront with these shortcomings with your potential buyers from the word go.
Your real estate agent will find a way to market your home accordingly, and the buyer will not be hit by surprise after purchasing the house, which could lead to legal problems.
Ensure that your listing is as honest as possible and will meet buyer expectations, or exceed it. If you choose to describe your kitchen as a gourmet chef’s kitchen, for instance, then it better match up. If not, then avoid using such superlative words.
Beyond this, you should have incredible photos of the entire house, which proves to be very helpful.
The real estate market is open to the digital world we are living in and most people search for homes online.
These photos will lead potential buyers to your home, and if they are not appealing, most buyers will not even bother to come for a tour.
Still, be upfront because buyers will not appreciate an exciting online presentation only to be disappointed by the actual property.
3. Have Everything That Needs Fixing Fixed
Fixing everything is a seemingly daunting task, but unless you intend to sell your home as-is to a cash buyer, you need to do it to sell for top dollar.
If you need to sell the house fast, though, and you feel that you neither have the time nor the money to carry out multiple repairs, then cash buyers are what you need.
Cash buyers purchase homes as they are, and you wouldn’t need to fix or change anything. They also pay up quickly, which might be something you are currently looking for. If not, you need to fix certain issues, especially the ones that catch your eye.
For instance, do you have any peeling paint? How about stains on your walls, carpets, or tiles? Any rotten wood, broken faucets, dripping pipes, cracked windows, running toilets, mold, termite damage, or even electrical faults?
Regardless of how insignificant it may seem to you, buyers will undoubtedly discover it during an inspection.
At the end of it all, it will cost you either in repairs or a lower overall price of your home. The best way to catch some of these repairs is to have a home inspection before you list your home on the 2020 real estate market.
4. Clean, Declutter, and Depersonalize Your Home
How much stuff have you accumulated over the years? How organized is your home? You may not notice it, but clutter makes a space look smaller, which always comes off as a negative for most home buyers.
Most potential buyers will not appreciate stepping in a dirty and cluttered home. So, if your goal is to sell quickly for as much as possible, then you need to clean and clear out your space.
Clean everything, from the attic to the basement and everything in between.
Beyond that, organize your closets and pantry because buyers are a snoopy bunch, and they’ll open up everything.
If the closets are full, then pack up some stuff and make it seem spacious, which also makes packing lighter for you once you close the same and move out.
Additionally, you also need to depersonalize your home by removing all your family photos and any memorabilia from your walls and cabinets. These things make the house seem like your home, but the goal here is to help buyers envision it as their home.
Make it a neutral territory.
5. Get Rid of Any Odors
You may not know this, but every house has a smell, and the only reason you don’t notice yours is nose blindness. However, potential buyers are not used to that smell, so unlike you, they will notice it. This is more important for home sellers who have pets because if the smell is unpleasant, buyers may be discouraged from making an offer.
Bringing in a close friend to smell your home before the showing is a good idea.
If they notice any weird smells that potential buyers are not likely to appreciate, then do something to change that. That does not mean covering it up with sprays. It means getting rid of the odor completely.
The 2020 Housing Market: Is It a Great Time To Sell?
The 2020 housing market may still be young, but there is much potential. Regardless, you need to implement the 5 tips above if you want to sell your home fast for top dollar.
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