If you are one of the many people who want to sell their house this summer, then this article is for you. I’m going to explain your options so you can make an informed decision when it comes to selling your home fast.
The most important thing to remember is that selling a house is a two-sided transaction, so it works like yin and yang to get something, you have to give something. This is regardless of whether or not it is a seller’s or buyer’s market. In either case, you MUST give in order to receive. Let’s start.
#4 Sell at a low price
This is what most sellers consider when trying to sell fast. This is effective only if you have a lot of capital and are willing to give up some of it. In this scenario, it would make a big drop in price if it doesn’t sell initially if it’s already listed. Small dips over a long period simply make the seller appear desperate to buyers, and buyers know that the seller has room to negotiate.
#3 Offer broker junk
One of the best ways to build buzz for your property, if it’s listed in MLS, is to offer extra incentives to guardians. Agents are motivated by money just like everyone else. Offer to pay agents extra money if they bring you a buyer by a certain date. The higher the incentive you offer, the higher the motivation of the agents. This also works if you advertise your home on your own. Offer to give away extras to a buyer if they offer you an offer before the deadline and closing date. I have even seen sellers offering cars and televisions for a quick closing. If nothing else, this will generate excitement in the market for your property and get more people to see it.
#2 Rent until you sell
Renting until the market improves is another way to get rid of a house quickly. In my opinion, as a seller, you should not rent your own property. As a seller, you are too attached and emotionally invested in making an informed decision on a tenant. Hire a company to rent the property for you. That company will find you a good tenant to rent your house and it doesn’t get carried away by emotions. This isn’t officially selling your house, but it will stop the bleeding from that extra mortgage payment you’re making.
#1 Selling with Owner Financing
In my opinion, this is one of the best ways to sell fast. Banks are getting stricter with their loans. However, if you offer your own financing to buyers, you open up a whole new pool of buyers and are much more likely to get the price you want. The only downside is that in many cases, with owner financing you won’t get all the cash out of the house. But if it’s structured correctly, you can still get a significant amount.
So try these steps and consider your options before making a move. Your motivation to sell in this market will directly affect the speed with which you sell a home.