At any given point in time you can do a search on google to find out what Realtors think the best methods are to sell a house fast at that very moment in time. But why do all that searching when you can just read further in this article and garner a true real estate investor & broker’s perspective on real life experiences on how houses are sold fast.
Before moving on, I want to be responsible and give a brief disclosure. By no means is the aforementioned information about selling your house supposed to be construed as actual results…these ideas and strategies in this articles were just gleaned from being in the real estate business for several years, both on the retail side and on the investing side of things:
Leave Your Emotions at the Front Door.
I couldn’t sleep at night without explaining how important it is for the seller of anything, much less a house, to leave their emotions at the door when deciding on an exit strategy for anything, whether it’s exiting a stock or exiting an long investment in a home. So, why shouldn’t we allow our emotions to help us navigate this difficult and nerve wrecking process; Besides, shouldn’t we trust our gut instinct in these types of decisions? Well, simply put, no. But I am sure that that wasn’t the answer you were expecting, so let me satisfy your need for understanding. I believe that there are many times in our decision making when we should and “have-to” use our gut and emotions to make a good decision, but most times, we should only rely on our emotions when we DO NOT have concrete historical or otherwise factual information at our fingertips to guide us to a reasonable conclusion (e.g. comparable sales data). Trust the data, not your emotions…throughout the house sale.
Research the Comps Meticulously if you Really Must Sell the House Fast.
As mentioned earlier in this article, we must trust the data (comps) not our emotions. In order to trust the data, we must first understand the comparable sales of the subdivision/ area that your house is located in. This is something you should do no matter what market you’re located in; it isn’t just something that works in the San Antonio, TX market. Typically, it is a good idea to only look at sales that occurred within the last 6 months and in the same subdivision if it is active enough. Of course, looking at similar beds, baths, square footage, ect, is important, looking closely at the photos of the homes that sold in a short amount of time is extremely important. This is because in your investigating the home sales in your subdivision, you will see certain traits about a house that sold with a low days on market that other houses just don’t possess. That’s what you’re looking for. Those few details about a house that make it stand out from the rest is exactly what caused that particular house to sell so quickly versus all the others that either took forever to sell or still haven’t sold. It’s those real design, decor, or landscaping differences and tweaks that you can do to help you sell your house. Here’s what you need to do once you find out exactly what it is that separates those houses from yours:
- Make a list of the top ten items that you feel separates your house from those that sold faster than all of the others.
- Find inexpensive ways to achieve those same results without the high costs associated with renovating a house.
- Implement those in-expensive cost saving techniques into your home.
Price Your House Correctly the first Time.
Many homeowners that I’ve both represented & that I have purchased houses from just don’t understand how extremely vital it is for a seller to price a home correctly from day one. What do I mean by “price the home correctly”? No matter what you “think” your home is worth, or what you would “like” to get for the house, you should use the historical comparable sales and remove all emotion from the equation and find a price that is right at what the most similar comp is from your home. If you can do that and you’ve taken all of my other advice in this article, then I believe that you will have a quick sale and a fast closing of your house.
Of course if you’re like some home owners and not willing to go through the hard work that it takes to prepare a home for sale and would rather just go the easy route and find an all cash home buyer (investor) to buy your house from you quickly and easily, then you could always go that route. We buy houses from home owners that are in that type of situation, cause they really just don’t know which direction to take and they are tired of the headaches. Although dealing with an investor can sometimes lead to lower offers, it can also be a very viable means to an end in that if the house is a problem property for you, then they can make your “problem” disappear very quickly.