What is the best way to sell a house?
If you ask any homeowner who is trying to sell their home what their main wish is, the universal answer might be, “I want to sell it fast and for the most money”. Hopefully, that is the way it will work out, but the reality does not always work that way. As a matter of fact, the longer a home sits on the market, the higher the probability that it will require a price reduction.
These days, it seems as though the pandemic has played a significant role in how the real estate market is behaving and how fast and for how much homes are selling. Yet, if you are the seller, you may also be facing other considerations, such as the desire to move someplace else since you can work remotely and more affordably, or maybe there are other personal issues such as a divorce, an inheritance, or a tough financial situation.
In any case, when it comes to the best way to sell your home, these are some of the most attractive options available.
Accept a Cash Offer
If you have some urgency to get rid of the property and you know it does not show too well in real estate sites because it needs some updates, you may want to consider a cash offer. This can come from an investor or from a firm that specializes in cash home purchases.
Going this route means that there will be no inspections, your home will be sold as-is, and there is no risk of a mortgage falling through.
Sell On Your Own
If you think you might know someone interested in buying a property like yours, going the “For sale by owner” route may be just what you need to sell your home. To start, you will be saving on broker’s commissions. But the rest of the picture might not look so favorable. It has been shown that selling by owner results in lower sales prices, not to mention the fact that all the prep work, staging, marketing, house showings, and contracts will be on your shoulders. Before deciding to sell on your own, consider the time and effort needed to achieve success. Also, think about these points:
Declutter, Depersonalize, and Clean
There is nothing that works better for turning off a potential buyer than walking into a home that is filled with all sorts of junk, does not look clean, and where there is hardly room to walk. Get rid of as much stuff as possible so that your house looks spacious and inviting. Make sure there are no dirty dishes in the sink, sweep and mop the floors, and place some flowers or plants in strategic spots.
Improve the Curb Appeal
Attractive curb appeal will be a boost to your home’s price, but it will also work like a magnet, inviting people to come in and walk around the place. Before a showing or open house, make sure the lawn is mowed, weeds have been pulled out, and any empty spaces where bushes used to grow have been replanted.
Hire a Top Real Estate Agent
An experienced real estate broker is used to moving rapidly in the real estate world. They know how to negotiate well, they have dealt with home inspectors and title issues, and are prepared to handle any situation that may crop up throughout the selling process.
Nowadays, it is easy to conduct some valuable online research on top-selling real estate brokers in your area. You may feel that the commission they charge is too high, but when other considerations are taken into account, it may end up being money well spent.
The Listing Price Rules
In the end, whichever route you choose to use to sell your home may not be as important as the selling price of the property. Performing comparative market analysis as explained in URL Here and comparing your home against similar properties that have recently sold in your area with comparable square footage, age, and location may yield the most accurate sales price; one that will be attractive to the right buyer.