Whether you’re facing a job transfer, impending foreclosure, or an escalating adjustable rate mortgage, there are many reasons you may need to sell your home quick. Unfortunately, selling a home can be a discouraging process, although taking the right steps can speed the process along. Even in a slow housing market, you can sell your home faster with a few basic strategies.
Take quality photos
A vast percentage of modern-day home searches start on the Internet, so high-quality photos are essential. Rent a wide angle photo lens to make rooms appear larger. Open curtains on a sunny day to let in plenty of natural light and show off your home’s best features. You may even recruit a professional photographer to capture your home’s best side.
Market your home
Marketing is critical. The personal connections and resources of realtors can help, but homeowners can even market and sell their own home with the help of web sites like FSBO.com or ByOwner.com. Yard signage and a listing on the multiple listing service is available through such sites. Other avenues include social media like Twitter, Facebook, and You Tube videos.
Price it correctly
Look at comparable houses, get an inspection, and consult an appraiser and realtor before setting the price on your home. However, when the housing market is in a slump, you are much less likely to get full value for your home, so get ready to compromise. If your home stalls on the market, act fast and slash the price by 10 percent. Incremental decreases are not drastic enough to catch attention. Lower the price and sell it faster.
Remove all clutter and personal effects
Family photos, kids’ artwork, knick-knacks, pet bowls, general clutter, and anything else that speaks about your personal life should be removed. Enable visitors to envision your home as their own. Consider hiring a professional home stager for an objective eye to help make your home more appealing.
Offer to pay closing costs, or one year’s worth of property taxes or homeowner’s association fees. More creatively, you could spring for a maid or landscaping service. Incentives can increase the number of looks you’ll get, thus increasing the odds of getting an offer and selling your home fast.