It’s no secret that home sales can be a long and complicated process. So many things need to be considered, from the initial offer to the final closing date. Unfortunately, many home sellers lose out on potential buyers because their homes take too long to sell. In this article, we listed 15 steps you can take to speed up your home sales process and make it as smooth as possible for you and your buyers!
Factors Affecting Home Selling
The home selling process can be lengthy and complicated, often taking months (or even years!) to finalize.
Many factors contribute to how long it takes to sell a home:
Location is often one of the most critical factors. Houses located in a desirable area or close to good schools will likely sell much faster than houses in a less desirable neighborhood.
The state of the housing market also has a significant impact on home sales timelines. Houses generally sell faster in sellers’ markets with high demand and low inventory. However, even in these markets, it can still take several months to find the right buyer and finalize the sale.
The asking price is another essential factor. If your house is too expensive, it will likely sit on the market for long without any buyers. Meanwhile, if you price your house too low, you could lose out on potential profits.
The condition of your home is also a primary consideration. If your home needs significant repairs or renovations, it will take longer to sell than a home in good condition.
Finally, the buyer you are selling to can also affect the timeline. For example, first-time home buyers often take longer to finalize a sale than experienced investors who are more familiar with the process.
While many factors impact how long it takes to sell a house, there are also several things that you can do to speed up the home sales process.
Here are 15 tips to speed up your home sales:
Get Your Home in Tip-top Shape
Before listing your home for sale, it’s essential to take some time to prepare it for showings. This will help potential buyers see the property at its best and envision themselves living there. Few key things to remember when getting your home ready to sell. First, declutter and depersonalize the space as much as possible to help potential buyers see the property as a blank canvas they can make their own. Secondly, focus on curb appeal. First impressions matter, so ensure your home’s exterior is clean and inviting. Finally, don’t forget the little details. Small touches can make your home feel warm and welcoming, from fresh towels in the bathroom to a bowl of fruit in the kitchen. By taking the time to prepare your home before listing it on the market, you can help ensure a quick and seamless sale.
Use High-quality Photos and Virtual Tours to Showcase Your Home
When you’re trying to sell your home, first impressions are everything. Prospective buyers usually make up their minds about a property within seconds of seeing it, so putting your best foot forward is essential. One of the best ways to do this is with high-quality photos and virtual tours. Professional photography can make a difference, highlighting your home’s best features and downplaying any flaws. And potential buyers love being able to take a virtual tour of a property before they even step foot inside. With today’s technology, there’s no excuse for not having great photos and a virtual tour of your home available for prospective buyers.
Hire a Real Estate Agent
To hire a Real Estate Agent or Not? It is One of the most important decisions you’ll make when selling your home. It’s possible to sell your home without the assistance of a professional. However, hiring an experienced real estate agent can help you get the best price for your home and sell it promptly.
Real estate agents are experts in the home-selling process and can provide valuable guidance and support throughout the transaction. They also access various resources, including listing services and marketing channels. Perhaps most importantly, real estate agents are motivated to sell your home quickly so they can earn their commission.
Hiring a real estate agent is always a good idea if you want to sell your home quickly and get top dollar.
Get Your Home Sales Paperwork in Order
Get A Home Inspection
Set a Realistic Asking Price
Hire an Appraiser
If you’re selling your home, you may wonder whether hiring an appraiser is worth the investment. After all, appraisal fees can add up, and in a hot housing market, you may be confident that your home will sell quickly regardless. However, there are a few reasons why hiring an appraiser can be smart. First, an appraiser can objectively opinion your home’s value. This can help set a realistic asking price, which can help to speed up the sale process.
Additionally, potential buyers may be more likely to make an offer if they know that an independent assessment backs up the price. This could make a lot of difference in selling your home quickly in a competitive market. So, while it may not be essential to hire an appraiser, it’s certainly worth considering if you’re looking to maximize your chances of a speedy home sale.
Handle any Necessary Repairs or Updates
Get Rid of Personal Belongings
When prospective buyers are checking out your home, you want them to be able to imagine themselves living there. This cannot be easy if your home is full of personal belongings. Before showings start, take the time to pack up and store any personal items that may be taking up space in your home. This includes things like family photos, heirlooms, and even excess furniture. The presentable and homey your home is, the easier it will be for buyers to envision themselves making it their own.
Make a Great First Impression
The first few seconds a potential buyer spends on your property will significantly impact their opinion of your home. That’s why it’s so essential to make a great first impression! Make sure your yard is well-manicured and that the exterior of your home is clean and inviting. You may even consider hiring a professional home stager to help you put your best foot forward.
Keep Showings Flexible
If you’re serious about selling your home quickly, you need to be willing to accommodate potential buyers’ schedules. The more accommodating and welcoming you are, the more likely you are to find a buyer. That’s why it’s a better to keep your schedule open and be available for showings all day. While you may not always get buyers who can come during traditional business hours, someone will always be willing to go after work or on the weekends. By being available at all times, you’re giving yourself the best chance of making a sale
Be Prepared to Negotiate
Home sales can sometimes drag on for months, leaving sellers frustrated and anxious. However, sellers can do a few things to speed up the process. One of the most important is to be prepared to negotiate. Buyers will often try to lowball their initial offer, so sellers need a firm idea of what they’re willing and unwilling to accept. By being prepared to negotiate, sellers can help to move the sale along more quickly. In addition, it’s also important to be realistic about the current market conditions. If homes in the area are selling fast, it’s probably not worth holding out for a higher price. However, if buyers are few and far between, then it might be necessary to be more flexible in making a sale. By being aware of these factors, sellers can help to ensure that their home sale goes as smoothly and quickly as possible.
Keep an Open Mind
Throughout the selling process, you must keep an open mind. Things will undoubtedly come up that you weren’t expecting – and you need to be prepared to adapt accordingly. Whether it’s a lower-than-expected offer or a last-minute repair that needs to be made, try not to let these things derail your plans. If you can remain flexible and go with the flow, you’ll be in good shape!
Have Realistic Expectations
One of the most important things to remember when selling your home is to have realistic expectations. Many homeowners believe that the best way to sell their home quickly is to set a high asking price and be inflexible in negotiations. However, in today’s competitive housing market, it is often more effective to keep an open mind and be willing to compromise. By being open to different offers and willing to negotiate on price, terms, and conditions, you are more likely to find a buyer willing to pay a fair price for your home. Additionally, by being flexible on closing dates and other details, you can make the sale process smoother and less stressful for everyone involved. So if you’re looking to sell your home quickly, remember that it pays to be open-minded.
Promote it Online
Online marketing is one of the best ways to market your home in today’s digital age. There are several different types of platforms you can use to promote your home, such as:
By utilizing these tools, you’ll reach a broad audience of potential buyers. Selling your home doesn’t have to be a long and drawn-out process. By taking care of these things upfront, you can ensure that everything goes smoothly and that your home sells quickly. With some planning and preparation, you’ll be on your way to a fast and successful home sale!