How To Sell Your House Fast Before Moving To Another State
Selling your home is a time-intensive process. Even in a seller’s market where houses get offers in just a few days, closing the deal can take up to two months. And it doesn’t include the weeks for preparing your home before listing when you opt for the traditional way of selling.
So what if you need to move to another state urgently? How will you sell your home fast? This article shares a few options and tips to sell your home fast before moving to another location.
1. Look For Cash Buyers
When selling a house, most people look for a real estate agent. This has always been the traditional way to sell your home. However, if you’ve been Googling ‘sell my house fast Knoxville’ for a while now, then you probably saw the option of selling to a cash buyer.
Cash buyers are often large companies or investors such those found through HomeBeacon that buy houses as-is for cash. They purchase home in their current condition to flip or rent them out at scale. Since they’re buying as-is, you can skip most of the time-consuming process of preparing your home.
In addition, since they’re paying in cash, you can skip financing, which is often the most time-consuming part of the process. Generally, a cash buyer will give an offer based on their assessment during a quick home tour. If you accept the price and terms, they will prepare the necessary legal paperwork and pay you in cash, and the deal is done.
That said, don’t expect to get top dollar for your property. Most cash buyers are expert hagglers, ensuring they buy a home at the lowest price possible. Thus, you want to level up your negotiation skills to get a fair amount for what your house is truly worth. Also, watch out for fraudulent or suspicious companies to prevent being scammed out of your house.
2. Hire A Top Realtor
Selling your home the traditional way may be time-consuming, but it’s still a good option for fast selling, especially if you hire the right agent. Listing by realtors sells for more money, and the most experienced and qualified agents can help you find a buyer fast. Generally, their connections and experience can give you a better chance to sell your property faster than the average process and at a reasonable amount.
They’ve got that local knowledge. You will notice that the property market moves in cycles. That means that prices will go up and be pushed back down again. When you are selling your property, you have to understand the cycle in which the market is in so that you can understand the trends in your local area. For example, are you going to be aware whether or not your local area market is hot? No.Probably not, but your real estate agent will. Quality real estate agents are engaged in their local market everyday, and they know exactly what they’re doing when it comes to new build homes in Worcester. Speaking to a good agent who will work with you to achieve your goals is imperative.
3. Drop The Price
If you need to attract buyers and close the deal faster, one trick you can try is to drop your price. Depending on the market, reducing your price can speed up the sale process and attract potential buyers to your home. After all, people love a good discount. While an overpriced home can scare buyers away, leading to more time on the market.
To generate interest and increase your chances, a significant price drop is essential. For instance, listing your home at USD$300,000 and dropping it at USD$299,000 won’t do you any good. However, a discounted price of USD$250,000 can pique the interest of some.
In addition, your property must look like a good deal compared to similar homes in your area. Even if you significantly drop the asking price, if your home is still expensive compared to similar properties for sale, buyers will naturally opt for the cheaper ones.
4. Try Selling It On Your Own
For Sale by Owner (FSBO) is a less popular method of selling your home fast. In fact, statistics revealed that only 8% of home sellers tried selling their home solo. From its name, FSBO means to sell your home on your own. You prepare everything, from listing your home to closing the deal.
Although it may seem daunting, FSBO is one of the best ways to sell your home quickly, especially if you already have a few buyers lined up. Buyers may include those close to you, including a relative, neighbor, friend, or coworker. Generally, you can quickly strike up a deal with your buyer and close the deal faster. Note that hiring a lawyer to draft and take care of the sales paperwork is recommended.
That said, like selling to a cash buyer, selling on your own may significantly reduce its price. Reports show that FSBO sellers sell less than 6% of homes sold by real estate agents.
Takeaway
As you can see, you don’t have to wait too long to sell your home. There are options and tips to help you sell your house quickly so you can move to another state immediately. Whether you find a cash-buyer company or sell it on your own, always research and choose an option that can help maximize your overall goals and interest.
