Are you selling a house? Is it the house you’ve lived in for years? Maybe you’re selling a relative’s house?
If you need to sell your home fast, there are some mistakes that some homeowners make that keep them from making a sale.
Sell Your Home Fast – Don’t Make These Top 5 Mistakes
Have you ever driven by a house that just sits there, month after month, maybe even year after year, with a For Sale sign out front? Every few months you’ll see a different real estate agent’s sign go up or maybe a For Sale By Owner sign?
The homeowners are probably falling into one or more of these pitfalls of home owners who really don’t want to sell their house.
Here’s how to avoid being one of those home sellers and sell your home fast.
1. Are You Emotionally Attached?
Okay, this is the first house you ever bought and you’ve lived in it for years. Or maybe, you’re selling your parents’ home that you grew up in.
It’s understandable that you want the next homeowners to love it like you do. But remember, it’s just a house, and you want to sell your home fast.
Don’t drive by or sit across the street so you can see who’s coming to see it. It doesn’t matter who buys it, as long as you get it sold.
2. Are You Asking Too Much?
This happens a lot. Homeowners think their property is worth a lot more than what it really is, and they set the asking price too high.
Then when offers come in that are closer to the actual market valuation of the property, they reject the offers. And the house just sits and sits.
If you have a good real estate agent, they can help you set the price according to its real worth. Your agent can help you sell your home fast, faster than if you rely on your own valuation and not what the market says it’s worth.
3. Are You Being Honest on the Seller’s Disclosure?
The last thing you want to happen is to not disclose something that may be wrong with the property. You may think you have something under wraps that only you know about.
If you don’t disclose a problem and it shows up when your agent shows the property, you may lose a sale. Prospective buyers and even your agent may think, ‘Well, if this wasn’t disclosed, what else are they hiding?’
Did you know that if you fail to disclose a major problem and the new owners find it after they’ve moved in, they can cancel the deal? They could even get all their money back too.
After that, you may have a really hard time selling that property again. In fact, you may not be able to sell it at all until you make the repairs yourself and update the Seller’s Disclosure.
4. Have You Made the Necessary Repairs?
Or are you leaving them to the next Owner? If you want to sell your house fast, don’t sell it “as is” and expect full market value for it.
If you don’t want to make the repairs yourself, you should contract someone to do them before you put the property on the market.
Some simple, but necessary, repairs may be upgrading electrical outlets, replacing old doors or windows, cleaning or replacing carpets, etc.
If you’re not emotionally attached to the house and you just want to sell your house as quickly as possible, you may just want to sell it to an investor. Let the investor fix the repairs and resell the property.
5. Are You Open to Negotiating the Price?
Some homeowners are too firm on their asking price. They won’t budge on anything less than what they’re asking for it. Those are the houses you see sitting for months with For Sale signs out front.
If you want to sell your house fast, you must have an open mind on the price. Many buyers want instant equity on the house they buy. Allow some room for negotiation or your house will be the next one to sit… and sit… and sit.