Do you want to sell your house fast? Here, we have listed six effective tips for property sellers in the United States. Apply all six and sell your house ASAP
Selling your home can be a process that comes with many headaches, especially if you don’t want to spend too much time on the market. In the United States, locations can be classified as either a sellers’ or a buyers’ market. If, for instance, your property is in a state where the demand for housing is not that strong, you might not be able to sell your house fast.
The good news is that not only are there various strategies to choose from, but there are also multiple common-sense approaches that you can take. If you do not have experience as a property seller, learning and applying these techniques can produce positive results.
In this article, Mortgage Professional America has listed six effective tips to sell your house fast. These tips are guaranteed to help you succeed as a property seller in the US. You can apply them not just on your first time but whenever you plan to sell a property. We will also talk about the most profitable month in the country to sell a house.
To mortgage brokers, lenders, and other related professionals in the mortgage field, this article is another of our client education pieces. Do you have clients or prospects who want to sell their properties as soon as possible? Make sure to send this to them!
Six effective tips to sell your house fast
Selling your house fast might not be a walk in the park but it is certainly achievable. Here are six effective tips to quickly sell your home to first-time home buyers, real estate investors, or any type of property buyer:
- make your home’s interior attractive to home buyers
- stage a curb appeal
- choose a selling strategy
- do not overprice
- choose a cash property buyer
- be accommodating to your prospective buyers
Let us discuss each of these steps to know how to sell your house fast:
1. Make your home’s interior attractive to home buyers
How can you market your house to sell fast? One of the most effective ways to do so is to make your home’s interior attractive to home buyers. For example, cleaning and decluttering your home is an easy way to increase your property’s appeal to the largest number of potential buyers possible.
Here are a few simple ways to make your house more appealing:
Organize, organize, organize—especially the closets
The reason this is so effective is because potential home buyers are usually interested in storage space. To show you just how much people want storage, the self-storage industry was booming during the pandemic.
Your prospects will look in storage areas, closets, and pantries. For this reason, it is best not to simply throw everything you own into these spaces to make the rest of the house appear more organized. Instead, leave just enough open space to show the buyer how much storage space your home has.
Get a storage unit
Having a place where you can pack away unnecessary things can make your property more appealing. These can be large furnishings that make your rooms appear too small, messy, or crowded. Get a storage unit to store away any extra belongings instead of keeping them inside your property’s storage spaces.
Put away your picture frames
Be sure to remove any family photos, religious items, keepsakes and other personal belongings that may distract prospective buyers. If you don’t, these can keep buyers from imagining themselves living on the property. The goal is to let them feel as if the house is already theirs the moment they enter.
Deep clean the entire house
This includes bathroom tiles, carpets, baseboards, and kitchen cabinets. If you are working on a tight timeframe, it would be worthwhile to enlist the help of professional cleaners.
Sell your house fast by watching this video on how to make your house appealing to buyers:
Aside from our first effective tip for sellers, engaging the services of a good mortgage broker can help you in selling your house fast. If you haven't hired one yet, check out our Best in Mortgage page to see the best professionals in the US mortgage industry.
2. Stage a curb appeal
The interior of your home is not the only area that will attract prospective buyers. It benefits every seller to spruce up their property’s exterior as well, regardless of timeline. This is where the curb appeal comes in. This is another smart move to quickly sell your house because your property’s exterior will create the first impression for prospective buyers.
It is vital that the outer part of your home appears well-maintained, tidy, and welcoming. Creating a curb appeal oftentimes can be completed in a weekend. However, if you are on a time crunch, it might be better to hire a professional landscaper. This is especially true if your property needs more work.
Below are various ways that you can create curb appeal:
- clear paths and walkways
- trim overgrown tree branches, hedges, and shrubs
- clean doorknobs and windows
- plant flowers
- paint the front door
- replace broken mailboxes or lights
- sweep away cobwebs and debris (particularly in and around the front porch)
If you need some cash to boost your home’s curb appeal, taking out a loan might be a good idea. You can set funds aside for repayments once your property is sold. Here are the five most common types of home improvement loans in the country.
3. Choose a selling strategy
There are typically two conventional selling strategies to consider when you are deciding how to list your property. The first is called for sale by owner (FSBO) and the second is using a real estate agent; plus, there are other ways. We listed these key selling strategies so you can sell your house fast:
Sell FSBO
If you go with FSBO, you can save a lot on the commission charges. But the downside is that you will have to be able to negotiate like a professional on escrow timelines, as well as juggle paperwork. You also need to consult an attorney to ensure everything is filled out properly.
Hire a real estate agent
If you go with a real estate agent, they will have the expertise to sell your property quickly, as well as:
- streamline negotiations
- handle signing and closing
- contract prep work
However, going this route will also mean that you must pay that added commission fees to your real estate agent.
Sell to a developer
Selling to a developer is generally only an option if your property is on a large lot or is in a teardown.
Sell at an auction
If you sell at an auction, your home will likely go for less than on the local market, although it might mean you can sell your house fast.
4. Do not overprice
If you overprice, your home will likely be on the market for a longer period of time, and you might end up selling at a lower price regardless. On the other hand, you can really speed up the process if you price your home competitively.
When it comes to pricing, you could even price your property lower than similar properties in the area to ignite interest and start a bidding war.
5. Choose a cash property buyer
A cash buyer is a good way to speed up the closing process, regardless of whether you are going for FSBO or selling through a real estate agent. In this scenario, you can avoid issues that come with how long the mortgage underwriting will take or whether the buyer’s financing will come through.
By removing buyer financing from the equation, you can drop the time it usually would take to close your home sale. We’re talking as little as two weeks with a cash-in-hand offer versus nearly two months on average.
6. Be accommodating to your prospective buyers
Do you want to be accommodating to your prospective buyers? Do these:
Hold an open house
One way to sell your property fast is a weekend open house. Try doing it on days when prospective buyers are actually likely to have the time. Fresh flowers, a clean home, treats, and flyers all go a long way.
Allow private showings
People who request private showings might return after an open house or could even be seeing your home for the first time. In either case, it is important to get your home tour ready whenever possible. This is to ensure that you will accommodate a prospective buyer if they make a request.
What is the most profitable month to sell a house?
According to Bankrate, May is the most profitable month to sell a house in the US. They also said that spring and summer attract the most buyer attention.
Selling your house fast
While there is no clear-cut strategy to sell your house in a snap, the tips above can leave you with results that are mostly positive and satisfactory. Property buyers might not flock to your home at the drop of a hat, but you will learn many things as a seller. Your experience as one is also important since you can use it if you want to sell more properties (if you own others) in the future.
Do you have other tips on how to sell one’s house fast? Feel free to share your insights in the comments section below.
