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How To Sell Your Home Fast

There are many reasons to consider selling your house. Whether you’ve outgrown the space, are relocating for a job opportunity, or you’re faced with financial challenges that require a lump sum of cash to resolve, the profits from the sale could give you the boost you need. Unfortunately, selling your home isn’t as simple as putting up a yard sign and creating an online ad. Getting your home ready to sell effectively is a long and all-encompassing process that can take months or even years.

Not everyone has the time, money, or resources to wait to sell their properties. They prefer a smooth process that gets them the most cash quickly. Although various contributing factors can speed up or slow down a home sale, there are options for property owners to get the job done sooner. Continue reading for advice. 

Hire A Real Estate Agent

It’s not uncommon for homeowners to try and sell their properties themselves. Unless you find a buyer willing to cover all or a portion of your realtor’s commission fees, you could be on the hook for the expense. While you could pay once the property sells, this cuts your profits. Therefore, people assume it’s best to cut out the middleman. 

While the for-sale-by-owner (FSBO) concept works for some, others end up wasting a lot of time and money. A real estate agent has industry experience, marketing strategies, and a sizeable network that can connect you with buyers faster. Ultimately, their services are worth the six percent commission.

Work With Wholesalers

If you’re having trouble selling your home through traditional methods, perhaps working with a wholesaler could get you better results. This article entitled “Wholesaling Real Estate for Beginners” can provide you with in-depth information on the process; however, a real estate wholesaler is an expert at connecting property owners with buyers in a short timeframe. 

They negotiate an agreement with you to sell your property for your asking price within a timeline that’s suitable to your needs. Once all parties agree and sign the contract, the wholesaler will tap into their network of buyers (typically investors with big pockets) willing to pay your asking price. The rights to the contract are assigned to the investor, and the closing process begins. 

If you’re wondering, “Is Wholesaling real estate legal in California?” the answer is yes. It’s a tried and true strategy that has long assisted buyers under challenging markets or overwhelming financial strain to get their properties sold faster. 

Offer Buyer Incentives

Buying a home is expensive. You can lighten the load for buyers by offering incentives to purchase your property. You can leave behind valuable furniture and appliances, pay $1,000 towards the closing costs, or suggest paying a portion of a maintenance task (like lawn services for three months). Some sellers have even gone above and beyond and offered buyers season tickets to local sporting events or provided free products and services from their businesses. 

If your home is already attractive, the price is reasonable, and the area is trending, an incentive could be the icing on the cake that gets your property sold quickly. 

Lower Your Asking Price

Although the goal is to make as much money as possible, lowering your asking price could get you a buyer faster. Analyze the market to see how much other comparable properties are or have your home appraised to get the overall value. You can use this information to price your property competitively. Lowering the price by even $5,000 could get your home sold quickly. Sometimes, this strategy can result in a bidding war, which results in you getting your asking price. 

If selling your home is taking longer than you anticipated, don’t be discouraged. There are ways to speed up the process and get your home sold fast. Whether you hire a real estate agent, consult a wholesaler, include incentives, or lower your asking price, you’ll find that you have more offers on the table in no time. 

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