There was a time last year (and indeed in the first part of 2022) when all you had to do to sell a house fast was get a listing. For months, the housing market has been seriously short of inventory, leading to a period of homes flying off the market within days (and sometimes hours) of going on sale.
These days, the real estate market has changed. Buyer demand is still strong and inventory is still limited. But we’re not seeing the same growing demand that sellers were able to capitalize on last summer or earlier this year. As such, if you’re looking to sell a house quickly, it will require some strategy on your part. Luckily, financial expert Dave Ramsey has these powerful tips for getting your home off the market as soon as possible.
1. Choose the right real estate agent
A real estate agent can help you strategically appraise your home and present it in the best light to buyers. And if you receive multiple offers, your agent can help you evaluate them and decide which one to choose (for example, an all-cash offer versus a buyer who will need a mortgage).
It pays to interview a few agents before signing a contract. Better yet, ask for recommendations from people you know who have recently had a good experience.
2. Declutter and do a deep clean
A cluttered home is likely to put off buyers, so if you want to sell quickly, you’ll be doing yourself a big favor by downsizing your possessions. Of course, you don’t need to throw things away. You can rent a temporary storage unit to store your non-essentials until your house is sold. But when you’re in the process of bringing in potential buyers, you’ll want your home to be as neat as possible.
Along these lines, make sure your home is spotless before open days and viewings. Buyers are used to being fussy about details, and it would be a shame if excess bathroom grime meant the difference between getting an offer or not.
3. Anticipate major repairs
Buyers may be willing to ignore minor problems with your home, but a big repair could be a huge deal breaker. If you are aware of any issues with your home, fix them before your listing goes live. That could mean replacing your roof if you know it’s about to go down or hiring an electrician to bring your old house up to code.
4. Stage your home
The goal of home staging is to showcase the best features of your home and make it as open and inviting as possible. Your real estate agent may be able to help you stage your home, or there are professionals you can use for this service.
Part of the staging process can include depersonalizing your space. This way, buyers will have an easier time imagining themselves living there. This could mean pulling out artwork that you might like but is specific to your taste.
5. Fair price for your home
It is important to set a realistic and competitive price when listing your home. You don’t want to put yourself in a position where you get less money than you can order, but you also need your listing price to seem reasonable to buyers. A real estate agent can help you price your home, but it’s also a good idea to see what the competition is doing. Check listings of comparable homes in your area to get an idea of the price you should set.
Gone are the days of buyers bidding on homes without even seeing them. With housing inventory recovering, buyers can now be a little more discerning. But if you follow these tips from Ramsey, you can set yourself up for a quick home sale and a less stressful experience from start to finish.
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