Inflation is at its peak and the recession is rising at a rapid pace too
If you have a house that you want to sell, it is high time otherwise you might not be able to find a buyer.
Even if you can find a buyer, you might not get a good deal.
If you have a cash flow crunch, you would be stuck and would be left behind nowhere.
New York Post had a story about the number of searches on Google being higher by the term “Sell my house fast”.
This means that more and more people are trying to sell their house and sell it fast.
Everyone is feeling the heat of inflation and is aware that recession has begun and it might not be easy to sell your house; forget about getting a good price.
This is the reason why people want to sell their houses fast and faster.
The situation is not that bad that people are trying to sell the house in which they are living and they want to sell the only house that they have.
But this has started with people who have an investment property or a second house that is not coming to enough use.
People are trying to sell that house because they think that they might get a good value for their house and not after 6-12 months.
Everyone invests in property with the vision of appreciation and income. However, timing the buying and selling is the real key because of which you can make some money out of your investment.
Today, we are going to talk about how you can sell your house faster and increase the chances of getting a good price too:
1. A Clean House
How would you feel if you visit to see a house that you wanted to buy and the house was dirty and cluttered?
We are 100% sure you would not like the house at first glance.
In the same way, if the house that you are trying to sell is not clean, the prospective buyer would not take interest.
More importantly, the value of your house will go down too.
Going forward we are going to talk about engaging a good real estate agent or broker.
Believe us, any real estate agent would tell you to get the house cleaned as the first thing before putting the house for sale on market.
People who come to see your house see the house as if their next house. If your house is clean, the users would feel that their house would look clean and their interest to buy your house would increase.
Even if you have to call for a professional house cleaning service company, it would be worth it because these cleaning companies have devices that would bring much better cleaning results in comparison to what you would do manually.
One more thing i.e. it is not just about the house or a clean house, it also leaves an impression about you in the eyes of the buyer.
If your house is clean, they would think high about you and would not mind dealing with you whereas if your house is dirty, they would feel not dealing with you even if they thought of making some compromises.
2. Depersonalize
Anyone buying your house wants to live there and be original. If you have imprints of you and your family all over the house when a prospect is visiting, they won’t be able to visualize themselves in that house but they will always see you in that house.
This might be important to some and might not be that important to others but people want to start afresh when buying a new house and if your house speaks too much about you, the prospective buyer would find it a bit difficult to visualize themselves in your house.
3. Minor Repairs
We talked about hiring a professional cleaning company to make sure your house is super clean before a prospect enters the house but we would go one step ahead and recommend you to get some repair work done if needed.
Here are a few common things that you can think about getting repaired. Ask yourself:
If the door knob is not functioning well
If the window sliders are a bit rusty
If the taps of the bathroom are a bit tight
If the lights and fans or the switchboards are not working
If a few tiles are broken
If the roof is leaking from somewhere
Depending on the answer you get from yourself, you can decide on the action point.
Please keep yourself in the position of a buyer and then think and visualize.
What would you do if the above points were negative?
You would think of the expenses that have to be incurred immediately after buying this house.
And, this would hamper the chances of your house getting sold.
Hence, it is highly recommended to get minor repairs done as it should certainly help you in selling your house quickly and at a good price too.
4. Professional Photography
Imagine you decide to put your house on sale. The first thing that any prospective buyer would ask for is the photographs of the property.
Even if you contact any real estate agent, he/she will ask for is to send over a few photographs.
Remember that the photographs you send to the prospective buyer or the agent would be their first interaction of them with the property.
And, these photographs would decide if you would get the call from the buyer/agent for viewing the property in person.
This makes the photographs of the property important, isn’t it?
Hence, investing in getting a few really good photographs that too from a professional photographer would make sense and be worth the cost.
When you send these professionally clicked photographs to the prospective buyer of the real estate agent the first impression will be good and the chances of you getting a call from them to see the property in person be increased manifold.
It is said that the first impression is the last impression and you never get a second chance for your first impression and this is what your professionally clicked photographs will do for you.
- A video of the property
In this age of Technology, just photographs want to alone today you can get a really good video shot of the property from every angle and every corner that would also give 3D field to the prospective buyer or the related agent that way they will be able to visualize what the property looks from every angle
Further, you can also post this video on a lot of real estate portals or even on YouTube.
Once you make such a video you can upload it on YouTube get a link and just send that link to the buyer or the real estate agent
And believe us, it is not at all technical or complicated it is extremely simple and it will make your life easy.
5. Hire an experienced Real Estate Agent
If you want to sell your property quick you need to use the network of a real estate agent by that we mean a really good state agent a good real estate agent would have a network of their own they do not only no prospective bi as they also have a network of other real estate agents this way your property reached out to more than one real estate agent in no time
You never know if a real estate agent may already have a prospective buyer with him or her that might be looking for a good property in your area
Would it cost to hire a real estate agent?
Most probably NO. Most real estate agents do not charge a fee upfront but they charge only a small Commission only if the property gets sold via them.
When hiring a real estate agent they will also help you with some tips and tricks and help you with preparing some documentation that you would need when you are selling the house eventually.
6. List your Property on Real Estate Portals
Once you have the photographs of your property you can simply create an account on any real estate portal and submit your property for sale.
All you need to do is prepare a really good titled description and force all the photographs that you have of the property and your contact details.
There are a lot of real estate portals that promote themselves and allow you to put your property for free.
This way prospective buyers who are just casually looking can also have a look at your property and get interested.
If the property is rightly priced and has good photographs, further it also needs a really good description of it.
The good part about putting your real estate property on sale on the real estate portals is that you can get in touch with the prospective buyers directly without any real estate agent or company.
This way the prospective buyer can directly reach you and would not end up paying the commission that you would pay to any real estate agent.
We are not recommending you avoid a real estate agent necessarily but if you can reach out to the potential buyer without any third-party involvement you might end up saving some commission.
7. Be Available
If you want to sell your house or property very quickly you must keep the following points in mind: –
A. You need to be available to show the property to the prospective buyer.
B. You need to take calls.
C. You need to make yourself available at all times to answer all the queries of prospective buyers.
You cannot become rigid about your availability because you must understand that there would be a lot of properties on sale in the market at any given point and every property will have its unique feature which the buyer may be interested in.
Even if you have to show the house that is put on sale for a week. You should not worry about it as time can be adjusted accordingly.
We’re not saying that you should be available at odd hours of the day but being a bit flexible about your availability would help in making a profitable sale.
8. Answering the queries
Buying a house is a big decision. A decision of a lifetime and anyone buying it will have a lot of questions.
Most of the time it is not just one person deciding as the entire family is involved in it.
Every person in the house has a lot of questions like the husband and wife might have questions related to the dining room and furniture.
In the case of kids, questions might be related to the playing area.
Some other members may ask questions about the garage.
So, we recommend you must be the one to answer all these questions.
However, if you are unavailable to answer it then it will be really difficult for you to satisfy and convince potential buyers to buy the property.
9. Documentation
If you do not have the right documentation, the buyer might not take the deal.
Even if the buyer likes the property and the price, still they would back off.
Hence, it is strongly recommended to have all the required documents.
These documents may consist of the real estate ownership deed, the taxation documents, repair receipts, warranty cards of any products or monthly subscription bills, etc.
If you have all these ready and organized, the buyer would feel at ease.
Even, the buyer will also get a feeling that the house has been maintained properly and legally.
Closing Thoughts
In these tricky times when commodity prices are rising, the economy is quite stagnant and recession is just around the corner.
It’s advisable to make a prompt sale of your house (first or second). It is better to be prepared.
To further help in your preparation, these tips and tricks to sell your house faster are a blessing in disguise.