Are you looking to sell your residence relatively quickly? In that case, you likely also want to get the best price possible for your property. If the real estate market tends to be a tricky subject for you, then you’ve come to the right place.
Whether you are simply considering selling your home or your house has already been sitting on the market, we have some essential selling tips for you.
Keep reading to learn about crucial tips to streamline the selling and closing process so you can move forward with your new home. Let’s get started!
House Selling Tips for Home Sellers
Selling a home can be a long process that is often unpredictable. Since buying a home is such an important decision, buyers take their time and scrutinize various properties before buying one.
However, there are some things that you can do to sway a buyer or bring in more interest. For example, you can focus on improving your home’s curb appeal to attract more homebuyers or declutter the interior to allow the viewer to get a glimpse of the potential design options. You can also consider improving the landscape of your yard and painting the walls inside your house, especially those with chipped paint.
In addition to those aesthetic changes, you should consider the current market, costs, and alternative selling methods. Explore the following tips for more details.
Research the Market You’re in
To figure out how much your home actually costs, you’ll need to research the real estate market in your region. Essentially, there are specific factors that you’ll need to understand to sell your home promptly.
When you’re looking to sell a house fast, location is a significant factor to consider. Is your home in a desirable place, or is it very close to a lake or ocean? If so, then it will be much easier to sell your property.
How quickly your home will sell also depends on whether you’re amid a buyer’s or a seller’s market. In a buyer’s market, there are fewer potential buyers and an excess of home sellers. The seller’s market is the opposite and benefits the seller.
The average number of days it takes to sell a home is 68 days, but this can vary depending on your location. For example, property in Palo Alto, California, spends only 36 days on the real estate market while homes in Peoria, Illinois, take an average of 136 days to sell.
Price Your House Competitively
When you first put your home on the market, you don’t want to give the wrong impression by first picking a high sale price for your home and then having to lower it when you miss out on prospective buyers. You also don’t want to price your home too low and fail to get the full value of the house upon closing.
You will likely need the help of an experienced real estate agent to help you price your home appropriately and competitively. Pick a realtor who knows your region and has sold a good number of properties in your town.
A real estate agent should conduct a comparative market analysis to assess how much money other properties are being sold for and decide on the value of your property. In addition, a realtor will have more experience detailing an accurate home value than an estimate on Zillow.
You can also price your home for a bidding war if you are in a seller’s market. In such a case, you can list your asking price at an attractive, low offer, which should lead multiple buyers to take part in a bidding war.
Research Closing Cost Discounts
You will also want to research any potential closing cost discounts and drops. There are numerous strategies you can take to lower your closing costs.
First, you can look through the loan estimate form and check for the services that you can shop for, including the title search and settlement agent as well as the pest inspection. You can shop for lower-priced vendors to keep closing costs lower.
Do you still have to pay off the rest of your mortgage? Then you can also ask your lender to reduce some of the fees associated with underwriting. It never hurts to ask for a discount. Lenders can offer incentives, so ask about rebates, which may reduce your closing costs by several hundred dollars.
Saving money can be as easy as asking about discounts. The process for checking deals on a house closing is no different than when trying to negotiate prices with a car salesman.
Plan for Your Future
Your future is essential, and you’ll need enough funds to start a life in a new residence as well as enough money to retire on when you grow older. If you haven’t finished paying off the mortgage on your current place, then you’ll need enough funding to pay off your lender. When selling your existing home, you’ll need to price it well enough to cover your future needs.
When pricing your home, work with a realtor and learn from other home sellers’ mistakes. Check out how many price cuts a local home took before it was sold. Were there any homes that were overpriced or underpriced? Learn from others’ mistakes and price your home correctly.
Price your home to fit into a range that buyers will see online. For example, more buyers may look at properties that are $300,000-$320,000 in cost, and you’ll benefit by setting an asking price of $319,000 instead of $325,000.
Make Sure You Stage Your House
Home staging is an essential part of your home selling process. You’ll likely want to put a fresh coat of paint on the walls of your kitchen, living rooms, and bedrooms. You should pick neutral colors before painting your walls and depersonalize your residence. For example, you’ll want to remove family photos. This way, buyers can see themselves in your home.
Making extra upgrades and home improvements may or may not be necessary depending on how old your home looks. It may be better to take care of more minor renovations like replacing door handles and fixing leaky faucets.
In addition, a deep cleaning is necessary, and you’ll need to declutter your closets. Take as many things out of your closets as possible, so that potential buyers can see the amount of storage your house has.
When staging your home, you might want to put some plants by your front door as well as improve the lighting in your house. Remove the drapes, raise the wattage of lightbulbs, and clean the windows to make sure plenty of light is coming into your property.
Use Alternative House Selling Methods
If you’re interested in selling a house by yourself instead of working with a real estate agent, you can implement alternative ways to sell your property.
For example, the wholesale approach allows you to find companies that buy houses in Nebraska. These businesses quickly take the property off your hands, leaving you with a cash sum. The process eliminates real estate fees, bidding wars, and indefinite timelines. If that all sounds appealing, then you’re in luck! We buy houses in Lincoln, Nebraska.
Along with finding a cash buyer, you can also sell your home through an auction. Selling through an auction entails a private home sale conducted at a specific place, time, and date after marketing the event for several weeks previously.
You can also sell your place through shared ownership. This process refers to the potential buyer giving the seller a down payment to purchase a few shares of the home. The buyer then pays the rest of the funds each month as rent until the buyer wholly owns the house.
Which Type of House Selling Method Should You Use
If you are interested in pursuing an alternative house selling method, you should consider the benefits of a cash home buyer. Instead of having to renovate or even stage your home, you can simply sell your house to cash home buyers.
Cash home buyers Papillion, Nebraska, can help you quickly and easily sell your place. There are tons of benefits of selling a house to a cash buyer, such as:
- No need for repairs
- No need for inspections
- No need to advertise or market your property
- No real estate agent fees
- Selling the property in an “as-is” condition
- Quickly selling your home
Conclusion
After reading this guide, you should know precisely how to sell your home more quickly at a reasonable price. You will need to research your local real estate market, work with a realtor to price your home competitively, stage your home to attract home buyers, and consider alternative ways to sell your house.
Or, you can skip those steps and consider one of the best cheap ways to sell a house: working with a cash home buyer. You’ll quickly sell your place in an “as-is” condition for a fair price.
No matter what method you choose, consider the above tips for selling your home and getting the best price possible.