Selling your house may be easier in a seller's market than it is in a buyer's market and this is something you can’t control. There are, however, certain steps you can take to succeed.
How to sell your home quickly
1.Set the right price
Listing your home at the right price is obviously the main thing for selling quickly. Setting a price that's too high could mean that your house will sit on the market for months.
Where exactly it falls depends on several factors: How old is your home? Does it have a larger yard? Has its kitchen or bathroom been renovated? Does it sit on a busy street or a quiet side avenue?
2.Stage your home
Staging a home will provide the best first impression for buyers. You can stage your home on your own or you can work with a professional.
3.Be willing to lower the price
Lowering your price could bring new people interested in your home, and might be the key to finally getting an offer.
You might lose some profit by selling at a lower price, but that lower price will attract more potential buyers and more offers. You might even get to choose between bids.
4.Analyze your multiple offers
If you're fortunate, you'll get into a bidding war in which multiple sellers try to outbid each other to win your home. But handling a bidding war and multiple offers takes some skill. You'll have to work with your real estate agent to make counteroffers and to determine which offer is the best.
5.Be prepared to move quickly
You might sell your home more quickly than you'd expected to so you might have to move sooner than you had anticipated.
If you don't want to lose buyers who may not be able to wait for you to find your new home, be prepared to move earlier than expected. This could mean paying for a short-term rental while you look for your new home, or staying with friends or family.
What to consider before selling your house for cash
Selling your house for cash can sound like a dream come true, but not all that glitters is gold. This industry is rife with scammers looking to swindle you, so if you're considering selling your house for cash to an investor, make sure you do your homework.
Here is a list of things you should know are red flags if you see them:
A foreign investor
People who contact you from foreign countries offering to buy your house sight unseen should set off an alarm. Be careful of buyers in foreign countries who aren't readily available by phone or video conference. And never take any action with funds deposited until you've waited the requisite time for a check to clear.
The only communication is via email
If you're dealing with a potential investor who only wants to communicate via email, you might be dealing with a scammer. Legitimate buyers have no problem showing up and walking through a property they intend to purchase.
The investor doesn't negotiate
As-is cash home buyers are in this market to find deals. If you're communicating with a potential buyer who requires no repairs and is willing to pay top dollar for your home, run.
How to avoid a scam
There are many good reasons to approach a quick-buy investor, and homeowners can still make smart choices in this type of transaction. Here's how to do it the right way:
Google the investor: Always do a Google search and look for independent reviews online.
Hire a lawyer: hiring an attorney can help ensure that the process is followed correctly and legally.
Check references: Legitimate investors will have worked with other homeowners who can share their experience — good or bad.
Learn how to let go
If you are feeling sad because the time has come for you to move out, you need to know that this is completely normal. Of course, as exciting as moving to a new place can be, leaving your home behind is never easy. Keep these things in mind to ease the transition:
Focus on what you gain
This might seem obvious, but it isn’t so. It is really easy to lose sight of what you gain when you are feeling stressed about something. If you are selling your home because you are struggling with mortgage payments every month, then think of the stress-free mindset you will have from now on. If you are moving to a different city, think of all the new places you will get to know, the new job that’s awaiting, and the new apartment you get to live in.
Home is where the heart is
Sounds cliché, but it is actually true. Redefine what “home” means to you. A real home is where the people you love are. Whether it is your spouse, your kids, your parents, or your friends. If you think of “home” in terms of people instead of in terms of space, the transition is way easier.
Take your time to say goodbye to your home in your own way. You might want to spend some time alone in each room, enjoy a little treat-yourself moment one more time. Or maybe you want to throw a big party. Whichever way you prefer, make sure you say goodbye to the place where you lived and get ready for the exciting new things that lay ahead!