Most people who put their home on the market want it to sell as quickly as possible. But you can’t just wave a magic wand to make it sell. You also don’t want to have to take less than the home is worth just to get it sold quickly. To ensure your home sells in a reasonable amount of time for a reasonable price, you need a strategy. Here are three great ways to sell your home quickly.
1. Sell at the right time.
When you put your home on the market can play a huge role in whether it sells quickly or sits on the market for weeks or even months. Picking the proper time to sell is a two-pronged process. First, you want to list your home for sale at a time when the most buyers are looking. This usually is anywhere from early spring to early summer. Most people with children want to move during the summer so they can be in place in their new neighborhood before school starts, so they start looking in March or April. The spring and summer months also are best for selling because you have nice weather. It’s hard for people to get excited about home buying and to go out and see homes when the streets are covered in snow and ice. The second part of selling at the right time is putting your home on the market when the market is in good shape. If you can help it, you don’t want to put your home up for sale when prices are falling and everyone is trying to sell. “If you can wait, put your home up for sale when local inventory is low and prices are rising,” said Cash for Homes.
2. Price it right.
If you want to sell your home for the most money, you price it as high as possible, right? Well, not exactly. Though just about everyone’s goal is to get as much money as possible when selling their home, if you want to sell quickly, you have to balance those two goals. The best way to set your price is to compare your home to similar homes in your area to see what they are selling for. If you are working with a real estate agent, that person will do this work for you and give you a recommendation on price. If you set your price so it is comparable to what other similar properties are selling for, then you should be able to sell your home quickly and still get a good price for it, especially if the real estate market is strong in your area.
3. Spruce it up.
Most home buyers these days are looking for move in-ready properties that they don’t have to do a lot of work to. To sell your home quickly, it helps to spruce it up a little bit by making some small fixes and also updating your home. If you have unappealing or dated paint colors, then painting your rooms in neutral colors can help improve the appeal of your home and make it sell faster. The same goes for dated carpet. Making minor fixes such as replacing a leaky faucet or fixing a door that doesn’t close right will also make your home more appealing and make it sell faster. And don’t just concentrate on the inside of the home. Boosting your curb appeal by sprucing up your landscaping and touching up paint on the outside of your home can help you sell faster.
Selling a home quickly is both an art and a science. But if you follow these tips, you should have a good chance of getting your home sold in a short amount of time while also making a good profit.