Selling a home can be a lengthy undertaking, particularly in today’s real estate market. These days, it’s hardly unusual for a house to be on the market for years before an interested buyer comes along. However, not all sellers have the luxury of time. Whether it’s for career or financial reasons, some sellers need to be out of their homes in an expedient manner. Unfortunately, the current housing market doesn’t really loan itself to expediency. Of course, this isn’t to say that selling a home in a timely manner can’t be done. Anyone hoping to quickly find a buyer for their old home can benefit from putting the following tips into practice.
Make Surface Alterations
Even if your home is need of extensive repairs, making the exterior of the residence aesthetically attractive can effectively capture the attention of prospective buyers. Whereas large-scale repairs can cost a small fortune, small-scale surface alterations shouldn’t put much of a dent in your personal finances. Purging your yard of any clutter, regularly mowing your lawn and giving your house a fresh coat of paint can prove extremely helpful in grabbing the attention of discerning buyers. A little bit of time and effort can go a long way in drumming up interest in your old house.
Work With a Cash Buyer
If you’ve haven’t had many offers from prospective purchasers, you may benefit from working with a trustworthy cash buyer. As the name implies, these individuals purchase old homes for cash – often with the intent of flipping and reselling them. While it’s true that a cash buyer probably won’t offer your asking price, a good one will give you a fair price for your residence without needing to be prodded. Furthermore, many cash buyers will make their initial offer within several days of inspecting the property, much to the delight of sellers who value expediency. If you’re tired of uttering the phrase, “Sell my house fast,” a cash buyer may be just what the doctor ordered.
Considering Lowering Your Asking Price
Unless your home is located in a highly desirable area, your chances of getting your asking price are virtually nonexistent. That being the case, it’s in your best interest to be open to offers that are slightly below what you initially had in mind. You should also deduct the cost of any outstanding repairs from the price of the home. Since real estate is currently a buyer’s market, the ball is essentially in the purchaser’s court in the vast majority of transactions. Compromise is an inescapable part of nearly every home sale, and as long as an offer isn’t insultingly low, it behooves sellers to consider it – particularly if they’re serious about selling as quickly as possible.
Not all home sellers can afford to wait for months – or even years – for prospective buyers to start making offers. If you’re looking to sell your home in an expedited manner and time is not on your side, the pointers discussed above may hold the key to remedying your situation.