If you are set to “sell my house fast“, you may have a good reason to want to sell it quickly. Whether you’re relocating soon for a new job or have an offer on a new place, it’s essential to attract people to “sell my house fast.” The better your options for selling quickly and for a reasonable amount, the more people can be fascinated with your property.
If you’re worrying “I’m having the toughest time to sell my house fast,“ then you’re at the right place.
No matter why you want to “sell my house fast,” here are some 8 tips to do it quickly, even in a slow-down market.
8 Tips on How to Sell Your House Fast
Choose a plan for selling
Before you put a “for sale” sign in your yard, you should figure out the best way to market your house. The “for-sale-by-owner” (FSBO) option may be best if you feel confident in your ability to sell the home and negotiate, but it may not guarantee the fastest or highest price. Hiring a real estate agent might be best if you’d instead spend your time on other things. If you need to “sell my house fast,” you might want to talk to an iBuyer, a company that can close the deal more quickly than most homebuyers. You should be sure of the plan you choose to sell your house, and you shouldn’t switch from one to another while it’s on the market. Buyers might not be interested if things are constantly changing.
In a “for sale by owner” (FSBO) arrangement, the homeowner sells the house without the assistance of a real estate agent, selling the benefit of the latter’s knowledge and objective perspective. But that doesn’t mean you can’t sell your house on your own.
You just need to be more aware of what a licensed agent would do, especially when you list your house, take pictures, and try to sell it yourself.
The drawback of selling your house yourself? If you don’t already know who you want to sell to, you have to find one. If you tell people in your network, you might find a buyer immediately, but they might expect to pay a “friends and family” price instead of the market value. You’ll also be the listing agent, so you’ll have to market the house (with a yard sign or an online listing), show buyers around, and negotiate.
Real Estate Agent
You badly want to “sell my house fast,” but you also want to make as much money as possible. Your best option could be to hire a top-notch real estate agent. They will help you price your home correctly, set up photos that make people stop scrolling, write a great listing description, and be your advocate when it’s time to look at offers and negotiate.
Real estate agent commissions can vary, so a seller’s agent could cost you a lot of money. Commissions for the buyer’s agent and your real estate agent are usually about 6% of the home’s total sale price. A more experienced agent, on the other hand, may cost more (say, 8% commission, with 3% going to the buyer’s agent and 5% to the real estate agent). When meeting with potential listing agents, it would be best if you asked about it.
iBuyer will make you a direct cash offer to buy your home. The “i” stands for “instant.” With most iBuyers, you’ll need to fill out an online form, upload photos of your home, and get an offer within a few days. You must remember that iBuyers doesn’t work in all parts of the country and only buys certain kinds of homes. When you type in your address, most iBuyer sites will tell you right away if your place is eligible.
You can choose when your sale ends on iBuyers. This can help if you’re buying and selling simultaneously, but it also lets you move quickly. If you don’t have a mortgage, you may be able to close with an iBuyer in 7 to 10 days. How long it takes to close on a home sale depends on the iBuyer, your location, and the sale details. You’ll also have to pay the iBuyer a service fee, which is usually between 5% and 12% of the total value of the offer. Any repair work that the iBuyer has to do will also be taken out of the final amount you get.
What is the drawback of selling to an iBuyer? You don’t know how much you could have gotten for your home on the open market because you’re only getting an offer from iBuyer. But if you want to move as quickly as possible, you might be willing to give up the chance of making more money in exchange for a more predictable timeline.
Go with a cash buyer
Getting a cash offer from a buyer can also speed up the closing process, whether you’re collaborating with a real estate agent or selling your home on your own. The buyer has the money, so they don’t have to worry about their financing falling through or how long they’ll have to wait to get their mortgage approved.
You could be able to close in as early as two weeks if you have a cash offer.
On the other hand, cash buyers who are not iBuyers, or regular people, can be pushy. They may also try to give you a bad deal because they think cash is king. Alternatively, if to “sell my house fast” is your primary goal, you may be willing to leave some money on the table to ease a transaction that doesn’t involve a mortgage.
Clean up everything. Eliminate extra furniture and clutter.
A dirty house is the best way to turn off potential buyers. If you can’t do it yourself, hire a cleaning service.
Massive furniture makes a house look even smaller than it is. Rent a container for self-storage or a storage unit, and get rid of as much furniture as possible. Take a minimalist approach to your books, throw rugs and curtains, and clear off your kitchen and bathroom countertops, even removing the things you use daily. If you can get rid of some of the stuff in your closets, that’s even better because it makes the storage space in your home look more prominent.
Some of the most important places to clean while your house is on the market are:
- Counters in the kitchen.
- Behind doors and inside of appliances.
- Dusty areas of the floor and furniture edges.
- Spaces like vanities, commodes, baths, and showers in a bathroom.
- Storage areas, such as closets.
- Both inside and exterior glass panels.
- Scraped walls, baseboards, and doors.
- Garage and basement.
Remove yourself from your home
Take away all of your family photos and other collectibles. You want buyers to consider the house their home, not yours. Take any political or religious items off the fridge, your kids’ art, and anything else that makes the house look like your territory instead of neutral territory. Buyers may become distracted from the house and start thinking about the owner if they see collections of figurines, sports memorabilia, or children’s toys. You can replace family photos with neutral art or take them all down. Just make sure to take out any nails and fix the nail holes where the images used to hang.
Hire a professional photographer
Ninety-five percent of recent buyers utilized the internet to look for homes, per the NAR’s 2021 Profile of Home Buyers and Sellers. Undesirable listing images can turn off potential buyers before they even schedule a viewing or visit the open house. If you want to attract buyers, hiring a professional photographer and publishing at least 35 images of the inside and outside of your home is a fantastic idea
Be inviting about showings.
Buyers look at houses when convenient, usually in the evenings or weekends. Plus, they want to be able to see a home right away after finding it online, especially in a hot market where they are competing with other buyers. More buyers will see your house if it can be shown with little or no notice. If you need 24 hours’ notice, they may decide not to come to your home. Be ready to leave quickly, too. It can be awkward if the buyer comes while you’re still cleaning up or hanging out outside.
Consider the tax consequences
The good news is that many people won’t have to pay taxes on the money they make from selling their primary home. If you’ve acquired and stayed in your home for at least two of the last five years before selling it, you won’t need to pay dues on any gain up to $250,000. For married couples, the amount of money you can keep out of your taxes goes up to $500,000. But if your profit from selling the home is more than that, you must report it to the IRS as a capital gain on your tax return.
Stage and improve curb appeal
No matter how quickly you want to sell, every seller can benefit from spending a weekend cleaning up their home. After all, the importance of a favorable first impression with potential buyers cannot be overstated.
Get your stuff together and get a stager
Staging is a typical strategy in real estate transactions, especially when the seller needs to move quickly. Positioning furniture and accessories in an area can assist define the site and provide the illusion of more space. Putting all your stuff in storage is a great way to get this done quickly. You may expect a professional stager to bring in their furniture and decorations and arrange them to pay attention to your home’s best qualities and make it feel cozy and inviting.
Improve your property’s curb appeal
The facade of your house is the first impression buyers will get of it, so it needs to be neat, tidy, and inviting. If you like to “sell my house fast,” here are some ways to improve its curb appeal. And as time is of the essence, consider hiring a professional landscaper:
- Cut back overgrown bushes and trees.
- Remove any obstructions from the routes and walkways.
- Wipe down the glass and door handles.
- The front porch needs good sweeping to eliminate the spiderwebs and other garbage.
- Fix the streetlights and mailboxes that aren’t working.
- Re-paint the entrance door.
- Flower your garden.
The Rule of First
If you get an offer in the first few days or months, sellers usually try to wait for a more favorable offer. In most cases, this is a mistake. Remember that the biggest fish typically bite first, so your first initial offer will probably be your best. Lastly, maintain a positive attitude to “sell my house fast.”