Want to sell quickly without all of the stress?
If you’ve ever sold a property before, you’ve likely experienced some version of repair negotiations, staging, open houses, buyer mortgages falling through at the last second and months of waiting…
Anyone who’s been through the traditional process knows how painful it can be.
The issue?
Sellers dive into listing their home with zero plan to streamline the process. This typically results in a slower sale. Which means more time paying bills on the property you’re trying to sell.
Luckily there are better ways. With planning, you can shave weeks or even months off your selling timetable.
Let’s dive in…
What you’re going to learn:
- Why Speed is Essential To Sell Your Property Fast
- Bottlenecks That Drag Out The Selling Process
- 5 Ways To Streamline Selling and Speed Things Up
- Which Path Should You Choose?
Why Speed is Essential To Sell Your Property Fast
Time is money in real estate. Especially when you’re in the business of flipping properties for profit.
The faster you can buy and resell, the more deals you can do.
From a buyer’s standpoint, speed matters just as much. You don’t want your house sitting on the market for weeks or months while you’re rushing to find your next place.
Zillow’s latest research shows that the typical homeowner spends anywhere from 47-62 days from listing price to closing. That’s almost two months of mortgage payments NOT going into your pocket.
Need to move? The longer you wait, the more you pay for two mortgages at once.
That’s why speed is the name of the game. Whether you’re working with cash buyers or exploring a hassle-free home sale to sell fast, don’t delay. Get your sale done as quickly as possible and move on to your next real estate investment opportunity.
Simple as that.
Bottlenecks That Drag Out The Selling Process
Ok, but how do you actually speed up the process?
It all starts with identifying what causes delays in the first place.
Take a look at the following:
- Pricing the property too high. Not only will your home fail to catch buyers’ eyes, but it will also linger on the market until it attracts lowball offers.
- Expecting the property to sell without repairs and updates. Giving the home a face lift and removing show stopper damages allows you to pass inspection and avoid renegotiations.
- Antiquated sales contracts and unresponsive buyers. Yes, even buyers can cause delays by not being prepared with financing or constantly changing their minds. According to NAR, 14% of contracts were delayed due to appraisal issues in the last few months alone.
- Poorly crafted listing descriptions and terrible real estate photography. Buyers decide within seconds whether they’re interested in your property or not. Helping them along with a captivating description and hiring a professional photographer to capture your home’s best angles goes a long way.
There’s plenty more, but you get the idea. Most of these setbacks can be avoided by doing your research and streamlining where you can.
5 Ways To Streamline Selling and Speed Things Up
Here are the best strategies to cut down on closing time. Many of these approaches can be implemented by any seller regardless of which path they choose to sell.
Price It Right
This first point cannot be stressed enough.
It should go without saying, but pricing your home too high will kill your sale. Unless you’re trying to entertain offers and play the waiting game, listing your home at the right price is critical. Buyers these days know what houses in their area are selling for and will hesitate if your price is too high.
List your home at a fair, competitive price and watch offers roll in.
Declutter and Stage
First impressions are everything.
Whether it’s real estate photography or a visiting buyer, you don’t want people walking into cluttered homes and turning away. Take time to remove personal items, deep clean the property and arrange furniture to highlight each room’s best features. Small things like painting, washing windows and trimming bushes can make a world of difference.
You want buyers to envision themselves living there.
Home Inspection
One of the best tips for any seller is to get a pre-listing home inspection.
Most sellers try to skip this step, but it prevents issues from blowing up during inspections and renegotiations at closing.
It couldn’t be easier to eliminate this bottleneck.
Cash Offers / Direct Sale
Selling to an investor is by far the fastest way to close on your home. Most of the services you research online can close in as little as one to two weeks.
Keep in mind that these companies will try to lowball you on price. However, if you’re looking to simplify the process and move on to your next transaction as soon as possible, selling outright is the best option.
Get Your Documents In Order
Have you ever had a buyer fall in love with your property, but you couldn’t close because you were missing a document?
Don’t let this happen to you. Before you even consider listing or selling your home, make sure you have the following documents in a safe place:
- Title Report
- Tax Records
- HOA Documents
- Warranties
- Permits
Anything else that you or a previous owner may have received when buying or renovating your home.
You get the idea. When it comes time to sell, these documents should be easy to find.
Which Path Should You Choose?
Alright, now it’s time to decide which route you’re going to take.
Should you hire a real estate agent, DIY your sale or sell directly? It depends on your situation.
Here’s a quick breakdown to help you make your decision.
Choose the traditional route when…
- You have a well maintained property that doesn’t need repairs or renovations
- You have plenty of time to make your next move
- You’re looking to get top dollar for your sale
Choose a direct sale if…
- You need to sell and move fast
- Your home needs a lot of work
- You hate showing your home to countless buyers
Don’t be afraid to explore multiple options. Talk to investors and get traditional offers to see what the market looks like for your home.
Remember you’re in control. Focus on streamlining and pricing correctly and you’ll be just fine.
Streamline Selling Conclusion
To summarize, here are the key steps you should take to streamline the selling process:
- Price your home right to generate buyer interest
- Declutter and stage to make a good first impression
- Consider getting a home inspection before listing
- Look into cash offers if you’re wanting to sell fast
- Gather all your documents long before you plan to sell
Regardless of which path you choose to sell your property, stay organized and tackle things one day at a time. The more prepared you are, the faster you’ll be able to sell your property and move on to your next real estate venture.
Simple right?
Follow these tips and you’ll be set to sell in no time.
