Have you considered everything before deciding to sell your house? That’s not a prelude to a warning not to sell; it’s just a question that will help you to sell and receive the best value for the house. After a sharp drop in sales, more than a decade ago, the selling market witnessed a new growth, and the housing market recovered and continues to do so. Last year, 5.3 million homes were sold in the USA.
Every person has their reason to sell. Let us help you cover your bases so that the outcome of putting up your home for sale works in your favor. You cover your bases when you take into consideration the essential factors. Several factors can play out together, so we’ve narrowed it down to 5 major points in the form of questions and answers; who, what, where, when, and how.
1. Who Will Sell the House?
Two people who can sell – either you or a real estate agent.
Selling on your own means that you will pocket all the money for yourself. That’s great – if you indeed, know how to sell. Selling is a skill and a talent that not everyone has. You need to make compelling motives for someone to hop in their car to view your house. It involves a lot of patience, saying the right things, negotiating, and the ability to accept difficult, potential buyers.
Thankfully, if you visit this site you don’t need selling skills to get a good deal on your home, regardless of its condition, and sell it to the end-user. There are a lot of choices over the internet for you to take advantage of and avoid repair costs, using agents, avoid the stress of dealing with buyers, and receive a fair amount of cash with a guaranteed sale.
If you plan to sell directly to a buyer, you need to be emotionally detached from your home and view it as a potential buyer would and view the house with a critical eye. While you do have the chance of taking all the profits for yourself when you work solo, as well as working in a way and a pace that suits you, you could miss out on some unique selling strategies that agents use to get you the highest price for your home.
2. What Sells a House?
This is a loaded question; even books have been written about it. Briefly, we can say that any house can be sold when the below points are considered.
- Pricing: Overpricing can make a house unsellable and remain on the market for years on end. Be realistic and flexible in the price.
- Cleanliness: Even though everyone has their own standard of cleanliness, it’s not as diverse as taste. You might have upgraded your kitchen to the max according to your taste but might clash with the buyer’s taste. But few people will dispute over an immaculate, clean house.
- Be available: Buyers can ask for a view at any time, and you should accommodate them. Expectedly, that can be hectic, but if you break appointments, chances are you won’t see that buyer again. The same way that your time is tight, so is the buyer’s, so keep to the appointments made.
3. Where Should You Sell?
The when of selling goes hand-in-hand with where to sell, the seller’s market vs. the buyer’s market.
The buyer’s market is when the supply is greater than the demand. For people wanting to buy houses, searching through the buyer’s market will probably land them several great buys to compare. The seller’s market is the opposite; when the demand is more than the supply.
The housing market is always up and down. As mentioned previously, more houses would be for sale during summer months, making these months a buyer’s market.
There are a couple of factors to note. A location that is booming with a good economy tends to be a good seller’s market, while houses in a struggling economy are typically in the buyer’s market.
This is the time to check if your area is in the buyer’s or seller’s zone. The seller’s market has an advantage over the buyer’s market since if you sell your home in the buyer’s market, it could take a long time to get a sale simply because the choices are plenty.
4. When Should You Sell?
Timing is everything. You have to strike when the iron is hot, and selling needs the luxury of time to do this. The best time can depend on where the house is located and the climate of that area. Experts often advise selling in early May or springtime, though that doesn’t apply when the house is located in hot areas like Texas or Florida.
Winter buyers tend to be serious, though summertime offers you more opportunities because lots of families want to make a move before the start of the academic year. Fall is a competitive season for selling, so unless the house is in pristine condition, be prepared for heavy competition.
5. How to Sell a House
Some years ago, it might have been enough to put up a “For Sale” sign in front of the house. You can still put up a sign, but that’s just an afterthought compared to the ways people sell now. You have digital marketing, social media marketing, online listings, that can all be addressed.
It’s not enough to describe your house. You have to awe the buyer with powerful and tempting content in your written description. Make sure the best features stand out to the buyer.
Being original in your content also means using more updated means than only still pictures. Try giving a video tour of the house, as well as the neighborhood. It will give a more genuine feeling to the buyer of what it would be like to live in the house.
All these points give you a brief idea of what to consider when wanting to sell your home. There are many more details involved in each factor, and you want to work on all fronts together. You can avoid a lot of the hassles when you find a company you trust, wanting to buy your house in the condition it’s in at a fair price.