Education and news for smart DIY landlords!
There are plenty of reasons a homeowner wants to sell their home as soon as possible. They include a new work assignment to a different location or the listing has probably sat on the platform for too long without gaining any interest.
Either way, if you want your home to be bought fast, you must set all the right conditions before putting it on a listing platform. Discover what it takes to sell your home quickly and successfully by reading on.
There are 2 common strategies you can use to sell your house fast. The first is to sell your home as for sale by the owner (FSBO). This strategy works best if you’re an experienced house seller because you already know all the processes of house selling from start to finish.
If you’re a rookie or a first-time house seller, you’ll need to hire a real estate agent to quickly match your property with the right buyer. An agent also helps you with the paperwork and staging of your home. However, they will take 3-6% of the sales commission as their payment.
Pricing your house higher than its estimated market value will discourage other buyers from sending their offers. Pricing your property too low will also make your listing appear sketchy. To price a home that would sell fast, you must list it with a value similar to its comparables.
You can also price your home lower than the comparables to attract plenty of buyers. However, that’s a risk you should be willing to take because you’ll end up with a smaller profit margin. Not to mention that buyers will even haggle despite a small price drop.
Do the necessary repairs for the HVAC, appliances, roofing, wall insulation - everything. Declutter and depersonalize your home’s interior. Beautify the backyard and work on the home’s curbside appeal. Repaint the interior and exterior of the house with neutral colors if needed.
Make the interior appear spacious by removing some furniture. Clean the bathroom tiles, mirrors, kitchen countertops. To get an idea of how a perfect home should look like for inspection, hire a home inspector or stager.
Once you list your home, potential buyers will want to see your property immediately for an inspection. They don’t have the patience to wait until you’re ready to give them a tour. Remember, buyers are competing with other buyers.
As much as possible, be ready to give a potential buyer a tour at any time they prefer. May it be at night, early in the morning, and even on weekends. Also, avoid requiring buyers to send you a notice if they want a tour. This will make them automatically swipe left on the listing platform.
Lastly, buyers won’t be appealed if all they see is listing photos and videos alone. You must use adjectives wisely, include words that add value to your home, highlight the home’s unique features, and pay attention to your use of punctuation.
Here’s an example of how to transform a bad listing description into a great one:
Original - 4 bedrooms with bathrooms each. 1 master bedroom, 2 bedrooms, and 1 guest room. Spacious backyard lawn with multiple trees for shade. Move-in ready.
Better - This move-in-ready home has everything updated recently with new windows and lighting that are energy-star rated. The backyard lawn has multiple trees that provide fruits and shade. Neighbors are kind and respectful, crime is non-existent, and sanitation is strictly observed. The master bedroom is luxurious. The 2 bedrooms are perfect for children of all ages and the guest room has a balcony for visitors to relax on.
Selling a house fast is no easy task. It’s even harder if you’re new to it. You must do plenty of research about the local housing market and various strategies to make your home appealing to every buyer.
To learn more about home selling, buying, and real estate investment, start by reading more articles from Lifestyle Landlords & Landlord Prep Academy. Examples provided below: