No buyer wants to sit on a home that’s on the market and doesn’t sell. Yet knowing what you need to do to get your home sold quickly isn’t always easy. So what can you do to make sure your home sells as fast as possible? Consider these important tips:
1. Choose the Right Price
The overwhelming reason why homes that won’t sell don’t sell is because they’re over priced, either for the market or for the condition of the home. If a home’s overpriced, buyers will go elsewhere. The best way to combat this is to work with an agent who knows the market well, then try to under-price the home slightly for it to sell quickly. Remember, today’s buyers have the Internet in their hands, and they can quickly see if you’re pricing the home too high with just a few short clicks.
2. Stage the Home Well
Take some time to stage the home so it shows in the best possible light. Doing this will help it seem more attractive. Staging means deep cleaning the home, opening window coverings to let in natural light, arranging furniture to highlight the home’s features and hiding personal mementoes that may detract from the home’s universal appeal. A well-staged home is going to sell as quickly as possible, because buyers will walk in and instantly feel “at home.”
3. Choose the Right Timing
The timing of your sale can also affect how quickly it will sell. Selling in the spring, when many interested buyers hit the market, is a great option. If you wait to list until late summer or fall, you may have fewer interested parties coming to look at the property.
4. Target the Right Demographic
When selling a home this year, the main buyer is going to be a “Millennial.” This target demographic that falls between the ages of 18 and 34 wants to see technology savvy homes, gourmet kitchens, open floor plans and space for a food garden. Adding or highlighting these amenities will help your home to sell quickly.
5. Consider Self-Financing
One of the hurdles today’s buyers are going to face is stricter lending practices coupled with higher interest rates. If you can offer financing at a lower rate with less stringent requirements, you may be able to sell more quickly. This is a huge risk, though, so make sure you discuss the contract and terms with an attorney before deciding to go this route.
As you can see, you can take measures to sell your home more quickly. With these tips and strategies, you can enjoy a fast sale, and move on to setting up your new home exactly how you want it.