There’s no question about it- selling a home can be difficult, even in the best areas. This is great for home buyers, since it allows them a wide range of options, but this climate requires home sellers to work extra hard to make their sale. If you’re not able to sell in a short period of time, it’ll cost you more money or you might lose out on your own home-buying opportunities.
With that in mind, here are some creative ways to sell your house fast:
Have a Home Auction
In the early days of Ebay, online home auctions were fairly successful, but due to location issues, Ebay auctions became a more expensive version of a listing service. Home auctions are still a good way to sell, however- and you could even raffle off your house if you wanted to! The trend is on the rise, too- according to Consumer Reports, sales of residential real estate through auctions rose by 42.6%.
Price Your Home Competitively
Even if your next potential buyers falls in love with your house, the determining factor in how quickly your house is sold will ultimately be its price. An exact price (as opposed to a round number) will affect buyers differently, and if you’re looking for a quick sale, you’ll need to make sure your home is priced significantly lower than others in the area. You might also be competing with foreclosures, and you might want to consider offering the buyer incentives such as closing costs or an appliance allowance.
Re-Think The Open House
Once upon a time, you could sell a house faster with an open house- no question about it. Given how many online options now exist for browsing through homes, fewer people visit open houses. That’s not to say that you shouldn’t have an open house, however- it just means that you should be deliberate in settings yours up. Make sure your home is presented in such a way so that potential buyers don’t have to look past messes or defects to want to live there.
Enlist Your Neighbors’ Help
Another creative way to sell your home quickly is to have a neighbors-only open house, which will not only get looky-lou’s out of the way but also get your neighbors thinking about who they know that might be looking for a home. Offering your neighbors a $200 gift card for bringing a buyer is another way you can incentivize them to do the work for you.
Have a Virtual Open House
Most home buyers start their search for a home online, so why wouldn’t you want to market your home on the web? Like with all of the above steps, you’d want to talk to your real estate agent before going ahead with any new strategy for selling your home, but given that 77% of all home buyers house hunt online, you’ll want to make sure you have a strong, coherent web presence. Consider having a virtual open house or posting on a blog, for starters.
Source: Household Tips