If you need to avoid weeks of waiting to get a property deal closed on your house, you'll want to understand the key techniques of quick house selling, especially when you're taking the "For Sale By Owner" route.
If selling your property fast is a goal for you, then you need to collect data around current market conditions. With the Internet this basic research can be done in a day or two.
In "For Sale By Owner" scenarios you'll find two types of buyers interested in your house -
a) Home buyers wanting to move into the house and
b) Real estate investors who will purchase your house "as is" with the aim of updating the house in some significant way or be willing to take on marketing the property and finding buyers.
Subject to which kind of buyer that you are ready to work with, the following four points will impact how fast you move your house.
1. Selling Price: Depending on your house location, you may be in a sellers market or a buyers market. How you feel about your home, after years of residing in it and turning it into your own home, has very little effect on your asking price. Factors that influence your selling price will include: the latest sales in the local neighborhood for a comparable house, and location (corner lot, busy street).
2. Visual Appearance of Property: This can be a factor of greater importance to the home buyer compared to the real estate investor because the home buyer is hoping to have a good first impression. A maintained front lawn and backyard, clean windows, a new mail box, walls/surfaces clear of clutter are examples of low-cost staging ideas that can put the prospective home buyer in a good frame of mind.
3. Physical Condition of House: The age of the electrical, heating and water systems, along with the age of the roofing shingles are 4 large items that will factor into the decision-making of both home buyers and investors.
4. Need for Quick Sale: If a speedy sale is a priority, then you really should review your time frame to seal the offer. If you're looking to attract home buyers who plan to move in, then be prepared to spend time and money to advertise and qualify candidates. If instead you would like to avoid the time upgrading and arranging your property, deal with an investor who'll take the your house "as is", and the time to closing the deal is considerably lessened.
To sum up, be clear on your selling goal and target purchaser. If you're not pressed for time, then upgrading and marketing the property yourself can be the preferred option. Otherwise, take a serious look at the real estate investors who have got experience in your local community.
If selling your property fast is a goal for you, then you need to collect data around current market conditions. With the Internet this basic research can be done in a day or two.
In "For Sale By Owner" scenarios you'll find two types of buyers interested in your house -
a) Home buyers wanting to move into the house and
b) Real estate investors who will purchase your house "as is" with the aim of updating the house in some significant way or be willing to take on marketing the property and finding buyers.
Subject to which kind of buyer that you are ready to work with, the following four points will impact how fast you move your house.
1. Selling Price: Depending on your house location, you may be in a sellers market or a buyers market. How you feel about your home, after years of residing in it and turning it into your own home, has very little effect on your asking price. Factors that influence your selling price will include: the latest sales in the local neighborhood for a comparable house, and location (corner lot, busy street).
2. Visual Appearance of Property: This can be a factor of greater importance to the home buyer compared to the real estate investor because the home buyer is hoping to have a good first impression. A maintained front lawn and backyard, clean windows, a new mail box, walls/surfaces clear of clutter are examples of low-cost staging ideas that can put the prospective home buyer in a good frame of mind.
3. Physical Condition of House: The age of the electrical, heating and water systems, along with the age of the roofing shingles are 4 large items that will factor into the decision-making of both home buyers and investors.
4. Need for Quick Sale: If a speedy sale is a priority, then you really should review your time frame to seal the offer. If you're looking to attract home buyers who plan to move in, then be prepared to spend time and money to advertise and qualify candidates. If instead you would like to avoid the time upgrading and arranging your property, deal with an investor who'll take the your house "as is", and the time to closing the deal is considerably lessened.
To sum up, be clear on your selling goal and target purchaser. If you're not pressed for time, then upgrading and marketing the property yourself can be the preferred option. Otherwise, take a serious look at the real estate investors who have got experience in your local community.
About the Author:
Find out more about property buying and selling, click on these links for potential home buyers, and For Sale by Ownersituations
1 comment:
Hello all,
List your home in the local paper. Be sure to highlight the best features and include your contact information. Also, list your home for sale by owner on craigslist. Thanks a lot...
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