Selling your home quickly for cash may seem like a daunting prospect. Due to recent mortgage rate hikes, homes in the United States spend an average of 75 days on the market, which is relatively long.
However, you may not have the option to wait that long. An urgent relocation, cash-flow requirements, divorce, and delinquent taxes are some of the reasons sellers prefer a quick property sale for cash.
Fortunately, there are several things you can do to sell your house fast for cash. This guide discusses seven takeaways to streamline your property’s sale.
1. Get in Touch With a Professional House Buyer
Partnering with a professional home buyer is among the most effective ways to simplify a property sale. If you are in need to sell your house fast in Pueblo, contact I Buy Pueblo Houses. This property investor can buy your home, closing within as little as 14 days, significantly shorter than the average time on the market.
Working with a home buyer that makes cash offers is a viable alternative to selling on the open market. For example, you don’t need to hire a real estate agent who takes a sizable commission. This option also eliminates the need to advertise your home.
2. Price Your House Competitively
Setting a competitive price for your home is critical to ensure that you don’t put off prospective buyers. That said, you don’t want to price your house too low and leave money on the table.
A relatively simple pricing strategy involves looking at the listing prices of comparable homes on the market. With this technique, you put yourself in the buyer’s shoes and gain insights into the prevailing market prices.
3. Get a Home Inspector on Board
When buyers do a property walk-through, they look for issues that may become problematic down the line. Addressing potential expenses and safety concerns will make your home a more attractive option to potential buyers, shortening its time on the market.
Hire a home inspector to do a complete inspection of your property and identify these issues. Common issues a home inspector will look for include outdated electrical wiring, foundation cracks, lead pipes, and roof damage. Once you know which issues require attention, hire a contractor to repair them.
4. Get Your Property Market-Ready
When presenting your house to buyers, first impressions matter. Generally, buyers are looking for move-in-ready homes. With a few basic improvements, you can generate plenty of interest in your home and sell quickly.
Essential upgrades that will transform your property’s appearance include:
- Painting your home’s interior and exterior
- Installing a new walkway
- Repairing cosmetic damage, such as plaster cracks and fascia damage
- Pressure washing all exterior walls and surfaces
In addition to the above upgrades, you should also get your garden in shape. Planting new flower beds, edging your lawn, and removing weeds between block paving are effective ways to improve your property’s curb appeal.
5. Declutter and Depersonalize Your Home
Before marketing your home, organize your household items and get rid of things that are taking up valuable space. This step is critical because clutter can distract buyers from your home’s selling points. Examples of clutter include magazines, mail, empty product packaging, and outdated phone chargers.
Ideally, you should also depersonalize your home by removing pictures and other personal items, making it easier for buyers to visualize themselves living inside the house.
6. Choose the Best Time To Sell
Listing your house at a specific time of the year can shorten its time on the market. For example, property buyers have more time to look for homes during May and June, and you should try to list your property during these two months.
Consult a professional real estate agent to find the best time to sell your house.
7. Understand That the Best Offer Is Not Necessarily the Highest
Because you want to sell your property fast for cash, the highest offer may not be the best option. Both parties to a property sale can include contingencies in the contract, such as a home sale, inspection, or financial contingency. Pay careful attention to these provisions to ensure they don’t slow down the process.
Hopefully, after reading this post, you have the information you need to navigate the process successfully.
Selling your home can be nerve-racking, especially if time is a factor. However, by onboarding professionals, such as a home investor, realtor, and home inspector, you can take the proper steps and maximize your return on the sale.