Valuable Tips for Selling Your Home in a Hurry
Posted by Amitava Sarkar on February 28th, 2017
Not everyone has the luxury of taking their time when it comes to home-selling. Many sellers need to find buyers as quickly as possible, which can often prove difficult given the current state of the housing market. Some of these individuals need to relocate for family and career reasons, whereas others simply can’t afford to remain in their current residences. Suffice it to say, being saddled with a residence you no longer want and/or are unable to afford can be immensely stressful and put a sizable hole in your personal finances. Needing to relocate but being unable to sell is liable to make you feel as if you’re trapped in real estate limbo. Also of note is the fact that housing is currently a buyer’s market. This means that unless the property you’re selling is in a highly desirable locale, it will probably take you a very long time to find an eager buyer. Given the current state of the market, first-time buyers have become more discerning than ever.
Of course, this isn’t to say that you should throw in the towel. Regardless of your reason for selling, there are a number of ways you can increase your chances of finding a buyer in an expedient fashion. While it can often prove difficult, selling a home in a hurry is far from impossible. Homeowners looking to quickly sell their houses are sure to be well-served by the following pointers.
Work With a Cash Buyer
Working with a cash buyer is one of the easiest ways to sell your home in a hurry. As the name implies, many of these buyers offer homeowners cash on the spot – much to the delight of sellers who don’t like working with realtors. Although there are exceptions, most cash buyers purchase homes for the purpose of fixing them up and reselling them. That being the case, there’s a good chance you won’t receive your ideal asking price when working with a cash buyer. However, you’ll be free from the financial burden of a home you no longer want, enabling you to relocate with peace of mind. If you desire to sell your home in a hurry, a good cash buyer can be an invaluable ally.
Deduct the Cost of Repairs
Few buyers relish sinking money into a home that needs a fair amount of work done. If your residence has seen better days, it’s in your best interest to deduct the cost of repairs from your asking price – especially if you can’t afford to pay for them yourself. Additionally, one of the perks of working with cash buyers is being able to sell your residence as-is, thereby freeing yourself from the burden of costly repairs.
Make Light Cosmetic Changes
Even if you’re unable to afford large-scale repairs, making some light cosmetic changes to the outside of your home can increase the odds of it catching the eye of prospective buyers. This can be as simple as giving the exterior a fresh coat of paint, mowing your lawn and removing any clutter from your yard. As you’ll find, a little bit of money and effort can go a long way in attracting interested buyers.
Selling a home in the current market often entails a fair amount of waiting. However, not all sellers are able to sit back and wait for eager buyers to materialize. Homeowners looking to sell in a hurry are urged to consider working with a cash buyer, deducting the cost of repairs and making some small cosmetic changes to the outside of their respective properties.