When you bought your home, you probably never dreamed of selling it at a loss. However, when you need to sell quick, losing money becomes a very real possibility.
It's easy to panic and sell for the first low offer you get, especially if you need to move urgently - but that's a big mistake. Luckily, there are a few simple steps you can take to ensure that you make money on your home, no matter how much of a rush you're in.
Ready to learn how to sell quick and make a profit?
Let's do this.
Hire the Right Listing Agent
Whatever you do, don't just hire the first listing agent you see.
This is the person who's responsible for persuading buyers to purchase your home, and the wrong choice could lose you thousands of dollars.
You should choose an agent who has experience selling similar properties, will market your home effectively and can provide references from previous sellers.
The best agents will charge a little more, but they'll also help you to get a better price, meaning you'll end up with more profit than if you picked a cheap but inexperienced agent.
Get Your Home Ready for Sale
Don't want to spend another penny on your home?
That's the wrong attitude.
It's been found that 95% of staged homes sell in 11 days or less, and tend to sell for 17% more than non-staged homes.
On top of that, spending a little cash on repairs and improvements will make your home much more attractive to potential buyers, driving up your asking price and making a quick sale more likely.
Ask your agent for advice when it comes to spending on improvements and home staging - don't just guess.
List Your Home at the Right Price
Choosing the right asking price is key when it comes to making a quick, profitable sale.
Compare your price with similar homes that sold in your area recently, and ask yourself whether your home is more or less attractive. If your home stands out as better, don't be afraid to choose a higher price.
Equally, if your home doesn't quite match up to others nearby, going for a lower price makes sense, especially if you need to sell quick.
Touring some local open houses is a great way to get a good idea of the competition.
Negotiate Fees in Your Sale Contract
Did you know that most fees in your sale contract are negotiable?
That's right.
Everything from the price of your home, to the cost of inspections and repairs, is up for negotiation, and some smart tactics can help you to save thousands.
Consider hiring a professional real estate negotiator to get you the best deal possible.
How to Sell Quick Without Making a Loss
The key to making a quick sale without losing money is being willing to spend a little.
Budgeting for an experienced listing agent, spending money on repairs and staging, and hiring a real estate negotiator will guarantee you a quick sale at a good price.
Want more tips on selling your home? Check out our blog.