If you are planning to sell your home this year, you are not alone. More homeowners will be listing their properties for sale before interest rates increase further. If you want to take advantage of lower mortgage rates, you might as well spare no time in starting the process of selling your home to interested buyers.
However, it could take months to receive an offer and interest rates might rebound by the time you close the deal. It can take even longer if your property needs to be refurbished so it attracts the right buyers. It’s best that you explore all possible means to sell your home fast before buying a new one becomes out of your reach. Here are a few tips to consider:
Set a lower selling price
One way you can make your home stand out and sell within days is to give it a lower price tag. In today’s market, homes are selling far above the asking price since the demand for housing exceeds the number of available listings. By setting a lower price, you will be able to receive offers within days of listing your home.
In addition, you will be able to trigger a bidding war among multiple buyers. This increases the final price of your home and allows you to recover your investment. However, setting a lower selling price comes with risks. For one, buyers will wonder why you set the amount too low. They might be thinking about whether the home has serious structural issues.
For this reason, come up with a selling price based on your home’s actual condition. You can sell low, but not too low as to turn off motivated buyers. To be sure, consider getting your home inspected before listing. That way, you won’t have to do any inaccurate guesswork that could delay a home sale.
Look for cash buyers
Apart from tweaking your home’s selling price, you can also reach out to cash buyers. These can come in the form of investors or house-buying companies that can purchase properties as-is.
With this option, you don’t have to spend precious time and money on costly repairs and improvements just to make your home appealing to would-be buyers. Cash buyers can simply place their offers and pay the money upfront if you accept the deal.
This is perfect if you can’t afford to get a realtor to market your home across multiple platforms and wait for a buyer to schedule a showing. With a cash buyer, you can close your home within days after receiving a fair market price.
Another advantage is the fact that you won’t have to pay a broker’s commission and shoulder the closing costs.You just need to look for a local house buying company that has a reputation for fairness and convenience. If you live in Houston, check out Four 19 Properties if you want to move out fast before your next home becomes too expensive.
Selling your home shouldn’t take more than a month. Then again, you can definitely sell within weeks or days. It’s just a matter of using the right options that are available to you.