When you’re getting ready to list your home, the last thing you want is for it to languish on the market for weeks or months.
Not only can this complicate your own buying process, if you’re also buying a home at the same time you’re selling. It can also make it less and less likely that you’ll find a buyer willing to give you a good price for your home.
So what can you do to help make a quick home sale more likely? Here are a few tips.
Price your home right from the start.
Often, homes that take a long time to sell were priced incorrectly when they were put on the market.
While it may seem like a good idea to price your home high, and assume you’ll negotiate down when buyers make an offer, that can actually prevent buyers who might be interested in your home from even looking at it in the first place. And those who do may assume that you—the seller—will be difficult to work with or unreasonable, since your home is clearly priced above market value.
On the other end of the spectrum, pricing your home too low can result in potential buyers assuming something is wrong with it. This, too, can lead to a longer-than-desired time on market.
Know your options.
If you’re on a real time crunch—say, if you have to move to start a new job, or you’re about to close on your new home—there are other options for selling quickly.
The traditional way to sell, of course, is to find a top local agent and list your home with them. However, you can also:
- Use a iBuying platform and request a cash offer for your home
- Forgo working with an agent and list it For Sale by Owner (FSBO)
- Sell it at auction
There are pros and cons to each of these methods, of course, so you’ll want to research each option to decide which is right for your situation.
Know which updates and improvements buyers actually want to see.
Every house needs a little TLC before it’s listed, but if you’re looking to sell fast, you want to make sure you’re focusing your time and money on the improvements that will actually help your home sell.
Insights from top agents show that in 2021, buyers want to see updates including:
- A kitchen island
- Walk-in pantry
- Cabinet and pantry storage
- Double sink vanity
- Upscale shower head
- Heated floors
- Linen closet or in-bathroom linen storage
- Artisan tile
Other smart uses of your time are a full-house declutter, which consistently brings in a positive ROI, as well as a full deep cleaning.
By following these tips for a quick home sale, you’ll be at the closing table in no time.