Starting a real estate business is among the best decisions you can make. It is a respected, profitable, and highly promising industry. But just like any other business, it doesn’t come without a fair share of challenges. For both homeowners and entrepreneurs, one of the biggest challenges property sellers face is that the market can be slow at times. It is not uncommon to list and stage a stunning property, only for it to stay weeks or even months without attracting a promising buyer.
The good thing is that there are things you can do to help your property move faster. This includes being smart on a wide range of factors, including pricing, marketing, improving the property, and choosing the best way to sell it. More often than not, being creative will help minimize the time your property takes to sell. On this note, here are some innovative ways to help sell your real estate properties faster.
1. Consider Selling For Cash
As a homeowner, it reaches a time when you need to relocate or move into a bigger/smaller house. Other than this, financial challenges such as medical emergencies could prompt you to sell your house so you can meet urgent financial obligations. In these and other scenarios where you need money fast, cash home buyers can come to your rescue. You can play it smart and sell your home fast for cash so you don’t have to go through the lengthy process involved in selling real estate property. Apart from saving time, you also don’t need to spend money on realtors, conducting repairs, or cleaning. Experienced real estate contractors will just have to inspect your property and give you a cash offer based on its current condition.
2. Be Smart With Pricing
Even in locations where housing demand is high, competition in the real estate business is often high. After all, we live in a digital world, where prospects have numerous options to pick from when hunting real estate property. For this reason, how fast you make a sale will depend on whether or not you set the price right for your property. This is especially the case if you are listing the property online. It has to be fair and realistic based on various factors, including the value of similar properties around the area.
Property buyers are smart these days and will always be more attracted to properties that spare them a couple of thousand dollars. If you set the selling price for your property right, you will have a bigger pool of prospects, from which you can select the highest bidder. The good thing is that these days, there are many innovative tools online that can help you set the appropriate price for your property. Some common sites with home valuation tools include the likes of:
- Zillow’s Zestimates
- U.S. News
3.Make the Deal Sweeter
To add to the aspect of pricing, buyers will also prefer properties where the deal is better. To help your property sell faster, you can sweeten the deal by offering to cover the closing costs of providing a transferable home warranty. This helps capture the attention of prospects who would rather not deal with these issues.
4. Is The Property Ready For Viewing And Occupancy?
When selling a house, you have higher chances of closing the deal faster if it is ready for viewing at flexible hours of the day. It’s even better if it is ready for occupancy. However, there’s no harm in advertising your property early before completion of the renovation. This is a good way to catch the attention of opportunity seekers, especially in high-demand areas. You never know you could put the “sold” signpost on the property even before the final coat of paint is applied.
Therefore, investing in advertising is a smart way to attract more buyers and shorten the selling process. The best part is that we live in a digital age with many online channels you can use to showcase your property. Apart from listing sites, you can also advertise it for free on social media or using paid ads. Your local newspaper, magazines, blogs, and directories are also not to be ignored.
5. Uplift its Curb Appeal
If you are flipping used property, this is something you are already aware of. Unless you’re selling it for cash, you may want to make a few modifications on the property to attract a larger prospect base and sell faster. Conduct any necessary repairs or renovations, and give the exterior a few touch-ups to boost its aesthetic appeal. There are many home design tools online that you can use for insights and ideas on the interior and exterior design. You just have to choose the one that best suits your needs so you can boost the value of your property before selling.
Apart from these, don’t forget to work with an expert real estate agent if you have some time to wait and money to spend. It’s better than selling the property on your own. With the few tips above in mind, you can close real estate deals faster and avoid short selling your property.