In today’s real estate market, homeowners seek to take advantage of their equity gains to sell their homes and purchase bigger ones in ideal neighborhoods.
The only problem is that there is currently a high demand among homebuyers. Listings get sold within days, and you may have to move fast before someone else purchases your dream home. It’s for this reason that you should spare no time to sell your current home at the best price so you can shop around for a better and larger one.
If you feel the need to sell your home and move out within days, there are numerous ways to do so. Check out this list of tips you can use so you can sell your home within your preferred timetable.
1. Go FSBO
FSBO means “for sale by owner in the real estate industry.” If a home undergoes the FSBO process, the homeowner will have to sell the property using their effort, time, and resources. You don’t need a real estate agent to help you with selling. If you are confident about your ability to navigate the real estate market, the FSBO process gives you complete control over staging your home and promoting it to potential buyers.
In most cases, homeowners are always advised to hire a real estate professional, given the complexity of the real estate selling process. The housing market is currently teeming with motivated buyers who are willing to purchase regardless of a home’s condition. Right now, homes spend an average of 25 days on the market. According to Zillow, this is lower than the 30-day timeframe of home sellers in 2019.
The FSBO process lets you waste time listing your home and attracting buyers as the demand for housing continues to pick up. You won’t need expert help, as there’s a good chance for buyers to accept your offer anyway. More importantly, you don’t have to pay commission fees to an agent. You will be able to add more cash to your home buying budget as a result.
2. Focus less on improvements
If you plan to sell your home within a few days, you can list your home without adding significant home improvements. New amenities and refurbished areas can add more value to your property. However, you will have to invest in these improvements and wait more than a month to complete them.
In a typical real estate market, renovation projects can help you secure a higher selling price for your home. Right now, since the demand for homes is higher than the number of available listings, your home could sell at a higher amount. That means you don’t need to spend time and money on major renovation projects that could take weeks.
It’s still essential to make your home presentable, so it stands out to potential buyers. For this, consider repainting the walls, fixing noticeable defects, and giving your kitchen a minor makeover. You should also declutter the interior space and add decorations in case you get requests for a home tour. There’s no need for you to go overboard when it comes to beautifying your home. You need to keep it clean and give buyers the feeling that it’s ready to be occupied.
3. List your home on the MLS
When it comes to marketing your home, you will need to look beyond traditional word-of-mouth and social media to find qualified homebuyers. A multiple listing service or MLS is a database consisting of homes for sale in any state. Brokers use it to upload the homes and promote them to agents that handle active buyers.
The best benefit of using the MLS is the exposure it provides. Since agents rely on the MLS to look for properties currently on sale, there’s a good chance that your home will get their attention. Through the MLS, you can find a buyer in no time. According to a study by Inman, homes listed on the MLS sell 17% faster than homes listed elsewhere.
Although access to a local MLS is restricted to agents and brokers, homeowners who undergo the FSBO process can get their homes listed in the database for an upfront fee that starts from $300. To make the most out of the MLS without getting a realtor to help you out, consider reaching out to a real estate listing service that can give your home the exposure that it needs on the MLS.
4. Find investors or iBuyers
If your home needs more than just a simple renovation, you might have difficulty promoting it even in today’s market. While buyers are more than willing to purchase a home in its current condition, you can’t expect all of them to close a deal on a property that has seen better days. You also may not have the time and resources to make your home sellable.
The best workaround to this is finding real estate investors shopping for fixer-uppers. Many of them are in the business of fixing and flipping distressed homes, so make yourself available to these types of buyers.
In addition, you can look towards iBuyers (or instant buyers) who are also looking to expand their real estate investments. You can get your home appraised and allow the iBuyer to come up with an offer. You are guaranteed an instant sale if you decide to accept the deal.
It would help if you ensured that the buyer you are dealing with is transparent and fair in pricing your home. In this case, you are better off dealing with a home buying company like Idaho’s Gem State Cash Offer, specializing in purchasing homes that cost a fortune to repair or are buried in liens. With this option, you can sell your house fast and focus more time and energy searching for your next living space.
It shouldn’t take long for you to sell your home in today’s market. You need to follow these tips and gain peace of mind as you transition to your next home.