If you own a house, then you naturally want to earn a profit on it when you sell it. However, if you need to sell your house quickly, then you will have to accept the first offers that come your way. You can’t afford to spend time waiting around when you need to liquidate property fast.
Just because you are in a rush does not mean that you can’t still get a good price for your property, though. This post will tell you everything that you need to do to maximise the amount of profit that you make from your home’s sale.
Reason for Sale
Before explaining how you can sell a house quickly, it is important to first cover some common reasons why people want to sell houses quickly. The most common reason that people want to get rid of a property fast is that they have inherited it from a loved one, have no sentimental attachment to it, and want to get a quick payout. There are plenty of guides offering tips on selling an inherited property, so this post won’t explore them. Another common reason for sale is divorce. After a divorce, couples typically try to sell their marital home quickly, so that they can buy new houses individually, or pay legal fees. Lastly, people sometimes sell their houses when they are unable to afford to continue paying their mortgages.
Whatever your reason for selling your house is, you need to try and maximize the amount of profit that you take from the sale. Some people rush house sales and in doing so end up losing out on a lot of money. There is a huge demand for property at the moment, so there is no reason for you to sacrifice profit.
House Buying Companies
The quickest way to sell a house is to sell it to a specialist house-buying service. These companies are notorious for buying houses in as little as a month. The downside to working with these companies is that they tend to give very low offers, sometimes just below a property’s going market value. The reason that they do this is so that they can make a profit.
Selling to Your Loved Ones
If you have inherited a house, then you could potentially sell it to a loved one to whom the house means something. It is possible to sell a house that has no family attachments to one of your loved ones. Since so many people are looking for houses nowadays, you are bound to have a relative who is interested in buying a house. When selling to relatives privately, you need to give them good deals, otherwise, they probably won’t be interested in buying your house from you. After all, if they aren’t getting a deal, why wouldn’t they just buy it from a realtor?
Other Private Buyers
Selling houses privately isn’t common, but is possible. You can list your house on a realty website for a small fee, and then when interested buyers call in, explain to them that you are selling the house privately and won’t be involving a realtor. A conveyancer will still be needed to handle the transfer of your home’s deed, though, so buyers have no reason not to want to buy your house from you if you are selling it to them privately. Selling privately means that you are able to avoid the realtor’s fees, but it also means that you don’t get to benefit from a realtor’s negotiation skills.
On another note, you can also consider selling your house at auction. Auctions are a very fast way to sell your house, though you may get much less than your home’s market value at auction, and you have to pay auction fees.
Selling Through Realtors
If you approach a local realtor and explain to them that you want to get rid of your house as quickly as possible, then for a fee they will be able to streamline your property’s sale. While you can still make a profit from a house sale made through a realtor, they will charge you, and they will also offer your house for sale at a competitive price point to attract people fast. If you are going to sell through a realtor, then you can take the following steps to ensure your house is sold quicker.
Decluttering Your House
Before people buy a house, they want to come and view it. Additionally, the realtor that you are working with will want to post pictures of your house online, so people can get an idea of what it looks like before viewing it. If your house is cluttered and messy, then people won’t give it a second glance. A decluttered, welcoming house will sell a lot faster than one that looks like a bomb has just gone off in it. On a side note, it is also very bad for your mental health to live in a cluttered environment, so declutter if you can.
Repainting Tired Walls
If there are any walls in your house that are showing signs of wear, then repaint them. When people are viewing a house (and you are trying to sell a house quickly) you don’t want them to procrastinate. You want them to make a deal. If your house looks old, worn out, or distressed, then they might not want to go ahead with the deal immediately. Instead, they might want to take some time to discuss it between themselves (if it is a couple buying). Also, if your house is in a bad condition, they might try to lowball you.
Updating the Kitchen
One extremely effective way of ensuring that your house sells fast is to update the kitchen. A house with a modern kitchen will be a lot more attractive to buyers than one that looks old will. Updating your home’s kitchen can be very expensive, but it can add thousands to the value of your house.
Selling a house fast can be challenging, but it is possible. The fastest way to sell your house is to sell it to a loved one. If that isn’t possible, then you can try out the other methods outlined in this post. Whichever method you use to sell your house, make sure that your house has been cleaned, decluttered, and made to look presentable.