Has your house been for sale way beyond the number of days on the market for your area?
There may be reasons for this that are beyond your control.
According to Forbes Magazine, expert predictions regarding the property market are generally positive for sellers. However, there are a few factors that could slow up your sale even more such as:
- Slowly rising prices.
- Worsening affordability
- Volatile mortgage rates
If you are in a hurry to sell your house, there are ways that you can speed up the process.
Let’s take a look at 5 things that you can do to sell your house fast in this market.
Drop the price
It is very tempting to place a high price tag on your home in the hope that a buyer will fall for it.
This is a bad idea in a buyers’ market where they have so many other properties to choose from. Don’t make the mistake of putting your house on the market for too high a price unless you are prepared to wait for trends to turn back in your favor.
In the words of esteemed New York realtor Ari Harkov, “There is always a buyer at the right price.”
Give your house the best chance on the market
We cannot stress enough that you need to ensure that your house is well-presented and well-maintained to sell faster on the market.
Perhaps no amount of painting and primping can change the fact that your house is in a flight path, or that a noisy nightclub has sprung up next door.
Try to use these ‘incurable defects’ to your advantage when selling your house. Focus on the positive – a flight enthusiast may enjoy the air traffic or a young couple may not mind the nocturnal festivities.
Make sure the paperwork is in order
There are a few aspects included in your title deeds that may put potential buyers off. These are – conveyance without a recorded deed or a paid off mortgage that is still showing as a valid lien on the house.
Get in touch with the title company to make sure your documentation is in order.
Wait it out
If you’ve tried everything and you are in a hurry to relocate, you could consider putting tenants into your property and wait for a potential buyer to come along. If you don’t want to take the risks associated with tenants then you may just have to be patient.
Unfortunately, patience isn’t a luxury you can afford when you need to sell your house in a hurry.
Go to Plan B
If the words “Sell my house fast” seem to have fallen on deaf ears with your realtor and all your best efforts have failed, it may be time to consider another option.
Before too long you could be celebrating the sale of your house and moving on to better things.