Though most sellers are eager to close their properties quickly, some people absolutely must sell their homes right away. Whether you’ve found the perfect new house or whether you don’t want to deal with the hassle of renovations, there are a few key strategies you can use to move your property quickly. A Victorian real estate agent can help you determine if any of these methods could be right for you.
1. Use Diverse Marketing Strategies
For some homeowners, the key to a fast sale lies in the marketing strategies they use. Regardless of how far you drop your price and how many bonuses you add in, you won’t get many offers if people aren’t aware of your property. If you need to sell quickly, you should find a real estate agent who uses diverse marketing strategies to gain attention for your house. Your home should be listed on your realtor’s website or other applicable Victorian property directories. Find out if your real estate agent can create a Facebook page or social media listing to advertise your home with photos and videos. Take advantage of local print media and newspapers. Finally, don’t forget to place a clear sign in your yard and include informational sheets for interested buyers to take.
2. Add a Bonus
Your success in selling may depend on how much your home stands out from similar properties. Adding a small bonus to go along with the property is a great way to attract attention and to gain more interested buyers. Sellers commonly include credits toward the closing costs or transferrable warranties for parts of the home. You may also consider leaving some of your furniture or major appliances behind to sweeten the deal for the new owners. Any bonuses you can add will help the buyers feel like they’re getting a better deal from your property.
3. Lower the Asking Price
While you should always try to get as much as possible for your property, there are some instances in which it makes more sense to lower your asking price. If you’re in a rush to move the property or if you’ve had it listed for awhile and received little interest, try lowering the price by five or ten percent. An advertised discount could help you gain attention from buyers who didn’t notice your property before. Additionally, be sure your asking price is in line with comparable properties in your area.
4. Sell Your Property to an Investor
A real estate investor may be willing to buy your home in its current state so that he or she can fix it up and sell it for a profit. This option is attractive to many homeowners because it allows you to save the time, trouble and costs associated with making repairs and renovations. However, you will most likely take a significant hit on the overall sale price because the investor will deduct the necessary repair costs and profit margin from his or her offer.
5. Take the Offers You Get
When you start receiving offers, it can be tempting to hold out for a higher bid. However, you shouldn’t wait too long if you’re interested in selling quickly. Ideally, your asking price should be set close to your home’s appraised value and offers should come close to these figures. When you receive an offer that’s close to your asking price, it’s typically a good idea to take it. The first offer you get could be the best one, so you should never turn down too many interested buyers with the hopes of attracting people who will spend more.