The average person in the US will own at least three homes during their lifetime. This means that on average, an American will have to go through the process of selling a home, at least twice.
According to Statista, there were 6.9 million homes sold in the US in 2021. This sales number is predicted to rise in the coming years as the property market seems more buoyant.
However, selling a home can cause much anxiety and be quite draining for many individuals. The process can be simple and fast for some, while for others it is drawn out and painless.
Fortunately, there are some tips and methods that can be utilized to speed up a house sale. These methods will make the process faster, and simpler.
How Do You Make the House Selling Process Fast and Simple?
House sales can take up to 70 days on average in the US. This includes the marketing period, accepting an offer, and then going through the process of inspections and closing.
Some people get lucky and sell their homes faster, and others find their property on the market for longer. To quicken the process, you could attempt to follow some of the advice below. These are proven ways to help market and sell a home quicker.
Select the Right Selling Method
The initial thing you must decide on is what the right selling method is for you. Do you want to go left-field and hold a raffle to sell your home, list it on Craigslist, or choose a more traditional method?
Property auctions are a viable way to sell a home quickly, but there are two more common and popular methods. The two methods you may want to consider for a fast and simple home sale are realtors and cash buyers.
Choose the Right Real Estate Agent
The traditional route for selling a home is through a realtor or real estate agent. These are licensed agents that specialize in marketing homes. Real estate agents have time-proven tactics for selling a listing and will have expertise in your local area.
If you use a realtor, it is crucial that you select the correct one for you. Find one who understands your local market, and is enthusiastic when it comes to selling your home. It is best to meet with a few real estate agents and compare their approaches to selling your home.
Why Use a Real Estate Agent?
A real estate agent is likely to be versed in your particular local market. You can choose communication methods that suit you and you can regularly check in on progress. They can also handle viewings for you.
Use a Reputable Cash Buyer
Alternatively, you could look for a firm that concentrates on buying properties for cash. These companies will make an offer on almost any property, and then start the purchasing process once it has been accepted.
Cash buyers mean that there are no worries about arranging mortgages or finance, and there are no chains involved. For a clearer explanation of cash buyers see this article here.
Why Use a Cash Buyer?
Cash buyers remove the need for inspections and the drawn-out closing period. By using a cash buyer, you could have money deposited in your bank within days of accepting an offer. You will also avoid all the stress of viewings, inspections, the worry about buyers pulling out, and there will be no fees.
According to PR Newswire, commission rates for realtors in the US are around 5% to 6%. This means that you will lose a sizable piece of the final sale price. Cash buyers cover all the fees including closing and solicitors.
Declutter Your Property
If you decide against cash buyers, then you will need to show your property in its best light. You will see this advice in any article about selling homes because it is critical. Homes must be decluttered before any viewings and photos take place.
Your personal items will cause distractions to viewers when they visit the home. This makes it challenging for them to envisage themselves in the property. Piles of junk and bric-a-brac will also make the home seem smaller.
Improve the Lighting in Your Home
Open curtains and let natural light in where feasible. Daytime viewings can be a boon on a sunny day, and make a room look larger and brighter. You may even consider painting the walls a lighter color if you feel the home is gloomy in some areas. Clean the windows, and change old bulbs too.
Improve the Appearance of Your Home
The initial view of your home is enough to make or break a sale. A buyer could pull up at the roadside and decide that they don’t find your home attractive before they have even stepped inside.
Curb appeal is a big buzz phrase in house selling now. If your facade and garden are looking a little shabby and in need of some love, then spruce it up some.
Don’t Ignore any Problems
A dripping tap may not seem like a big deal, but to a buyer, it may be a sign of neglect. If you can’t be bothered to fix the faucet, then what other problems may be lurking in the home.
Do a check of areas such as the attic, the basement, and cupboards under sinks. Look for damp patches, leaks, and damaged roof tiles, and then fix these.
Carry out Your Own Inspection
Your buyer will have to carry out a professional inspection of the property after they make an offer. You can avoid any potential pitfalls by organizing one yourself beforehand. You could find problems that would have delayed the sale, and by doing so, you can get everything ready to pass a buyer’s inspection later on.
Stage Your Home
A popular way to help sell a home fast is to stage it. This can be done by yourself, or by utilizing a professional company.
Staging means that home is restyled to make it look attractive to any viewer. Sometimes this means rearranging furniture or completely replacing it with the staging company’s own. Staging is considered one of the surefire ways to sell a home fast these days.
Choose the Correct Price
Another very important consideration is how you price your home. You don’t want to sell it at too low a price and miss out on its true value. But, valuing the home too high could slow down the sale massively.
Offer to Pay the Closing Costs
Any businessman knows that sweetening a deal is a great way to make a sale. Selling and buying property brings with it a number of fees and commissions.
If you then offer to pay the buyer’s closing fees or at least some of them, it may make your home more attractive to them. It could speed up the marketing and selling process at least.
Summary
Selling a home can be a lengthy and sometimes tiresome process. Multiple viewings and a lack of offers can cause some stress and worry– especially if you desire a quicker sale.
These methods can help to sell a home quicker as they will present the property in the best way possible. A cash buyer is also an ideal way to sell a home as it removes any concern over arranging financing.
If your realtor cannot find a cash buyer through marketing, then you may want to consider an investment firm that buys with cash.
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