Great Tips to Sell Your Property Fast

Posted on 24. Feb, 2012 by in Wealth Essentials

Tips to sell your property

This is a guest post by Andreas at Money Supermarket

When you compare different home loans at and decide you can afford to buy a new house, you may be excited to get moving. However, in many cases, you have to sell your old house before you are able to move on to your exciting new property. Selling a home can be a stressful process especially in a buyer’s market where real estate prices are in a slump.

There are still ways to sell your property (and sell it quickly) but you may need to be a bit more flexible and creative. Here are some tips to help.

Set the price right

The only way you will sell your property quickly is if you set the price right. No one is going to pay more for a property than it is worth. If your house is priced more than surrounding homes in your area, there needs to be a good reason why.

Even if someone falls in love with your house, the bank or mortgage company will still need to appraise it and determine its worth and if it doesn’t appraise for high enough, the deal might not go through.

An experienced realtor can help you to decide where to price your property by looking at comparables in the market place. Comparables are similar homes with similar amenities and features. If you want to make sure your home sells really fast, you might want to price it a bit below where the comparables suggest it should be priced.

Staging

You want your home to look its best when people come to take a tour of it, especially if selling quickly is your top priority. In order to make sure that buyers fall in love with your house, it should be staged appropriately.

This means you should clean up clutter, try to highlight the best features of the home and put away personal belongings so that buyers can see themselves living there. Cleaning up clutter means clearing out closets as well as cleaning up the main areas of the house. An over-stuffed closet makes a buyer think that they will have storage problems in the new home, which is a big turn-off.

Generate Excitement

You want your house to generate excitement on the market if you need it to sell quickly. There are a number of different techniques that you can use in order to do this. Some people will offer an incentive to the buyer’s agent who brings them a buyer, such as a gift or a bonus.

Some people offer something to the buyer themselves, such as a free flat screen TV, for example. Some people will also hold special open house events where there are activities or other incentives to come, such as a raffle prize for attendees.

It is up to you how far you want to go to generate excitement surrounding your house, but if it is sitting stagnant on the market at a time when you need to sell it, doing something to shake things up a little bit can be essential.

Be Flexible and Ready to Move

Another good way to make sure you sell your house fast is to be willing to be flexible. Be ready to move if a buyer wants to get into the property quickly and have a short closing date and be prepared to work to their schedule.

You can make sure you are ready by doing your homework beforehand. This may mean taking the time to compare loans at moneysupermarket before putting your home up for sale, to see what you can afford.

Image by woodleywonderworks

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12 Responses to “Great Tips to Sell Your Property Fast”

  1. Kylie Ofiu

    27. Feb, 2012

    Excellent advice. I think too many people want to price their house too high and at the moment, that is not going to help it sell!

    Reply to this comment
    • Money Cactus

      27. Feb, 2012

      I agree Kylie, if you decide to make a move then it pays to be realistic and keep things moving. It can be particularly stressful waiting on a sale, so increasing your chances is always a good idea.

      Reply to this comment
  2. MoneyforCollegePro

    28. Feb, 2012

    I have always heard that you only have one opportunity to make a first impression, and home pricing is no different. Price to high and you won’t generate any initial interest and will appear desperate down the road, price to low, and regret will nag at you for years to come.

    Reply to this comment
    • Money Cactus

      28. Feb, 2012

      There is definitely an art to it, but doing your research will certainly help. Spending some time to create a welcoming feel also goes a long way. If people can see themselves in the home. you are already half way there.

      Reply to this comment
  3. Roshawn @ Watson Inc

    29. Feb, 2012

    I would definitely like to unload a property. I’ve heard that market-specific conditions sometimes create challenges in selling a property. I guess time + a little investigation will tell what’s the true cause.

    Reply to this comment
    • Money Cactus

      29. Feb, 2012

      Timing can be pretty important sometimes and it can play havoc with prices. Take a look at the recent selling price of houses in your area and trend over the last year. That should tell you what the market is doing.

      Reply to this comment
  4. yes, make your property feels like a real home when the potential buyers are coming to view it. Fresh flowers always seem to give a positive push.

    Reply to this comment
  5. My house is on the market right now, and to tell you the truth, I know the realtor priced it too high. It should be about $5k-7k lower. But, even though I want to move into a new house, I don’t really want to leave THIS house… so I’m keeping the price high so it doesn’t sell quickly. I know, I know, I’m a house divided all on my own…

    Reply to this comment
  6. Dannielle @ Odd Cents

    05. Mar, 2012

    I’m an HGTV fan and many of the shows highlight the buyer’s over-optimism. They are usually encouraged by the host to be realistic. Just like you, I agree that the sellers need to be realistic too.

    Reply to this comment
  7. zimbrul

    15. Mar, 2012

    Not sure how is in Australia but in UK the solicitors are pain in the …asset. The solicitors (in fact conveyancing solicitors) are the plague of this process of selling houses.
    Imagine that: a quick sale that should have completed in 1 month took almost 3 months because the laziness of my solicitors…

    Reply to this comment
  8. Long Term Returns

    22. Mar, 2012

    Best bangs for the buck: good landscaping (mow the lawn 2x/week while home is on sale, kill any weeds, plant some flowers) and fresh DIY paintjob on the inside.

    Reply to this comment

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