You might have a job waiting on the opposite coast. You might be eager to start the next chapter of your life in a new city. Your financial situation may make a fast sale a necessity. Or, you may simply be impatient! Whatever your motivation, when you need to know how to sell your house fast, you’ll find lots of suggestions. Inevitably, some are more useful than others. Here are a few tried-and-true ideas that actually work.
How to Sell Your House Fast
When selling a house, you must make several critical decisions. Much of the effective advice for how to sell your house fast revolves around keeping the fact that speed is a top priority in mind as you make these decisions.
Choose a Selling Strategy
Buying a house involved more than simply walking into a shop and plunking your credit card down on the counter, so it should come as no surprise that selling one also requires some strategic thinking, especially if you want to accomplish it quickly. Today, there are several ways to sell a house. That makes choosing a selling strategy an essential step in finding a buyer for your property. As Opendoor indicates, there are pros and cons to each option:
- Use for sale by owner. With this approach, you do all the work of pricing and listing the home, negotiating the sale, and dealing with the paperwork. You’ll save on agent’s fees, but the time and effort involved can be enormous, especially if you are unfamiliar with real estate requirements.
- Use a real estate agent. Your real estate agent helps with pricing and handles the marketing and paperwork. You’ll pay a commission, but the access that you gain to the agent’s network and resources may offset this cost, especially if it results in a higher sale price or a quicker sale.
- Use an iBuyer. An iBuyer is a company that uses technology to make an instant offer on a property. Sometimes called instant buyers, they use an automated valuation model to generate a quick cash offer for homes that are in generally good condition. However, that speed does come at a cost. According to MarketWatch, iBuyer offers tend to be about 11 percent below what a buyer could likely get for their home on the open market.
Clear It Out
Size matters. Buyers want as much space as they can get, so if you want to sell quickly, make your home look as large as possible. Also, make it easy for buyers to envision the space as theirs. As Forbes points out, clutter makes a home look smaller. It also makes it feel occupied. To solve both problems, clear out your clutter. Pack up whatever you can to make the house feel as spacious and clean as possible. If need be, rent a storage unit.
When everything extra is out of the way, clean everything and everywhere. A dirty house is a major turnoff for buyers. Worse, it may be viewed as a sign of ongoing minor neglect. This could make them wonder about the health of the home’s major systems and features. If you aren’t up to the task of keeping your home white-glove clean yourself, U.S. News & World Report suggests hiring a company to come in and do the job for you.
Price It Right
As Zillow notes, setting the price for your house when you want to sell fast is a bit of a balancing act. You want to get as much as you can for the property, so you don’t want to set it too low. However, if you set the price too high, it may linger on the market. In fact, setting it too high could mean waiting around only to have to lower it to attract a buyer anyway. When setting a price, look at what comparable homes have sold for recently. If speed is a priority for you, you may want to consider setting your price a little lower than that amount. The search parameters buyers use when house-hunting online should also factor into your decision. For example, if people in your market tend to shop for houses under $300,000, then pricing your home at $305,000 means you’ll be left out of those searches. A price tag of $299,000 may net you a little less cash, but it will draw more eyes to your property.