Real estate markets change quickly, and you may not find yourself selling your home in the most beneficial market available.
Unfortunately, when you need to sell, you need to sell – so knowing how to sell your home quickly in a buyer’s market is vital.
According to the National Association of REALTORS® (NAR), the typical home in 2016 took four weeks to sell. Here’s how to beat the average.
Get a Great Real Estate Agent
Going it alone is not the way to sell a home quickly or for top dollar. A great real estate agent can give you several crucial advantages:
- Marketing. No one will buy your home if they don’t know about it. A good agent will have marketing campaigns already in place that would take you weeks to learn and hundreds of dollars to buy.
- Networks. A good agent knows other real estate agents who may have buyers that are looking in your area. Take advantage of these connections by hiring an experienced Realtor®.
- Expert Advice. An excellent agent will know exactly what is needed to make a home sell quickly and can give you the advice you didn’t think of. They can give you pointers on staging, landscaping, color, and more to help your home move quickly.
- Time. As you get ready to sell your home, you probably have other things going on. For an agent, selling your home is their full-time job. They’ll be able to put a lot more focus on it.
A great real estate agent will be experienced, an excellent communicator, and have good recommendations from others. Take the time to find the best!
Make as Many Improvements as Possible
Grungy cabinets? Terrible fixtures? Outdated lighting?
All of this will be immediately noticed in a buyer’s market. Consumers tend to be picky, so make as many improvements as possible. If you are short of money, you can get help from residential bridge loan lenders.
Remember that most buyers are looking for a turnkey experience, rather than a home they feel they have to put a lot of time into. Sometimes the smallest changes make the most difference, so try to see your home through a buyer’s eyes!
Feedback from open houses or viewings can be particularly valuable when it comes to knowing where to focus your fix-up budget and time.
Be Prepared to Go With the Market
You may have an idea in your mind of what your home is worth, or what you need to get from it in order to buy the new house you want. However, in a buyer’s market, you’re not in control.
The best way to sell your home quickly is to prepare yourself mentally to be flexible. Pay attention to your Realtor’s® advice about pricing, and be ready to negotiate.
If you want to sell your home quickly and get cash right away, consider cash for house programs. There are a variety of investors and flippers who are willing to give you money for your home and move it quickly.
Selling your home in a buyer’s market is a challenge. Choose a great real estate agent, fix up your home as much as possible, and be ready to face picky buyers. With the right combination of marketing and showmanship, your house will sell quickly.
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