Putting your house on the market and selling it fast are two different things. The latter decision is usually made when you have to relocate for a new job, you are getting divorced and need to divide the assets, or your family is expanding, and you need the extra room.
If a speedy sale is what you are looking for, you need to make your house appealing. You are probably aware of staging, which is the process of decorating your house with minimal furniture to display its best features. It’s one of the oldest tricks in the book to get the buyer interested in your house.
Still, this trick is not the secret to selling your house. If you want buyers to call you non-stop, asking about the house, here’s what you need to do:
The Circumstances Decide -The Secret to Selling Your House
Remember: Selling your house fast is not always the best decision. It all depends on how hot the current market is. For example, let’s say the housing inventory is low. This market condition allows you to attract multiple buyers. One of the biggest plus points will be that buyers will start bidding higher to get their hands on the house.
However, if the inventory is high, you will find yourself in a competitive spot. Your house might stay on the market for months before attracting a buyer. In a situation like this, the secret to ensuring your house is sold within 60 days is:
Price It Right!
It all falls to the price.
Here’s an example to help you understand this:
You are selling your 250 sq. yards house. It’s a double-story and has got a big yard. The current house rate in Orlando, FL, for a property this big is $368,000. You decide to price your house $400,000 because you have renovated it.
You get multiple calls from buyers; some schedule a visit, and others don’t call back after hearing the asking price. You decide to visit your local real estate agent for help. When he asks about the price, you quote the numbers and are met with disbelief. The agent tells you about the comps in your area, and that’s when you realize you were pricing your house wrong.
In this equation, comps are what help you set the right price. Often people will tell you that if you want to sell your house fast, you need to price it low. Follow this strategy only when you don’t get any buyers on the current asking price.
You also need to pay attention to the price points. Let’s say you price your house at $302,000. Buyers looking for houses under $300,000 will scroll past your listing because it does not fall in their budget.
In conclusion, you must consider the features of the neighboring houses currently sold and the comps. Your real estate agent will fill in the rest of the information. It’s possible that a buyer you connect with still wants to lower the price. In this case, you can negotiate with kitchen appliances and home insurance.
To sell your Orlando real estate, visit the Megan Dowdy Realty website. Get in touch with their Orlando realtor to schedule house visits for buyers. For more information, call 407-509-9279.
