Money Girl recommends 6 tips to speed up the sale of your home without sacrificing profit--in any real estate market.
If you’ve ever been in a situation where you need to sell a house fast, you know how frustrating it can be. Day after day, you hope the perfect buyer will come along and make a great offer.
Fortunately, there are ways to speed up the sale of your home without sacrificing profit. In this episode, I’ll give you 6 tips to sell your home as quickly as possible, in any real estate market.
How to Sell a House Fast in Any Market
I’m sure you know that real estate markets vary drastically depending on where you live. I relocated from central Florida to the San Francisco Bay Area in 2013, and am still experiencing real estate sticker shock!
For instance, according to Zillow.com, the median home value in the San Francisco metro area is $688,600. The median for the Orlando metro area is just $161,600. Spending $500,000 on a home in central Florida buys you a mansion on a lake, while you’d be hard-pressed to find something habitable for that price on the San Francisco peninsula.
In most of the U.S., real estate values have generally rebounded from the lows we saw in 2011. Plus, rising rents and cheap mortgage rates are pushing more renters to consider becoming homeowners in many markets.
So, if you’re considering selling your home, it may be a good time. But before you put out the “for sale” sign, follow these 6 tips to make sure you sell as quickly as possible--and for the best price:
- Clean up the exterior
- Make necessary upgrades
- Price competitively
- Photograph well
- List at the right time
Selling Tip #1: Improve Your Curb Appeal
Nothing is more important than a first impression. So consider what a potential home buyer may think as he or she drives up to your property for the very first time.
Walk out into your street and look--and I mean really look--at your home to see its shortcomings. Is it attractive, clean, and well-kept, or does it need maintenance that you’ve been putting off?
After you’ve been in a home for a while, it can be difficult to see it objectively. So take suggestions from a real estate professional, friends, or prospective buyers about how to make it show better.
When your home is on the market, it’s critical that your landscaping is well-groomed and your lawn is mowed 24/7. Plus, your driveway, exterior porches, and exterior walls must be clean, too.
If you put money into cleaning up the outside of your home, I can guarantee that buyers will be more likely to take a tour of the inside. Curb appeal is what draws buyers in, helps maintain their interest, and sets your home apart from the competition.
Remember that unless you’re willing to discount a home’s price well below market value, prospective homebuyers generally won’t want to buy a house that needs a lot of work.