You've just accepted a new job in a new city, and your family must move 1,500 miles away in just a month's time, but you're in the middle of paying down a mortgage on the home where you've lived for a decade. How do you sell your home fast and not come out on the other side with lost equity and big bills?
Never Make Assumptions
Little flaws that require nothing more than a can of paint or some elbow grease won't usually reduce the value of a home, but even tiny issues can play mind games with a buyer's head. A room that needs a new can of paint is an easy fix, but this simple issue might influence a buyer's initial opinion of the home.
According to MSN's real estate channel, you should never assume a buyer will be able to "look beyond" the little flaws to see the gem of a home you're selling.
But buyers — and often it's subconscious — actually aren't good at overlooking even superficial flaws, particularly if those flaws so boldly announce they'll need a redo.
Get the family together to give the home's interior a nice, neutral coating of paint. Clean, light walls will make the home look fresh and will also make small spaces appear larger.
Stage It Like You Mean It
Staging a home is so important for the selling process that companies now exist which will come into your home and rearrange everything to make the interior look like a spread in "Architectural Digest." They'll bring in temporary furnishings which will make the home look terrific during its showings.
Spending a few thousand on this service is worth its weight in gold if the process results in a home that's only on the market a for a few days. When time is of the essence, staging a home well might mean the difference between an offer on your home and buyers who utter, "I'll think about it" while shuffling out of your front door.
If you're not inclined to have the home professionally staged, there are several small tasks you will want to undertake before the home goes up for sale. Consider handling these simple exterior projects a weekend before your house hits the market:
- Get the exterior power washed
- Replace the numbers on the front of the home
- Refresh the landscaping with some new plants
- Mow the lawn or re-sod if your lawn is particularly bare
- Wash the windows; the front windows are most important
- Repaint and touchup surfaces that show aging
Read more about the perfectly staged home at Fox News.
Make Sure Legal Issues Won't Impede a Sale
Unfortunately, selling a home might result in some problems with legal issues that will stop a sale in its tracks. With so much riding on your home sale, it's essential to be aware of the potential legal issues that could sink a purchase of your home.
One of the biggest headaches stems from title issues that aren't immediately revealed after a buyer makes an offer, and the seller accepts it. You probably know if your home is under a bankruptcy lien or there's a judgment associated with the home, but those aren't the only issues that could prevent a sale.
An issue that might impact owners who've never dealt with the law a day in their life is a problem with permits and "do-it-yourself" jobs on the home. That back deck you installed a few years ago could violate local permit or zoning laws.
Don't Make These Mistakes
As easy as it is to sell a home fast, it's also just as simple to torpedo your home's chances of a quick sale with some unfortunate, common behaviors. Selling a home fast means you need to avoid the desperate measures often taken by homeowners who must sell their home in a matter of weeks.
According to an article from the NBC show "Today," one of the biggest mistakes you can make involves dropping the price too quickly and too often.
Nothing smacks of desperation more than incremental price drops. The longer a property is on the market, the more jaded the buyers become. The more times the price is cut, the staler the offering appears. Buyers reason that a lot of people must have seen it and that a lot of people must have rejected it. And if that is the case, then why even bother to consider it?
Additionally, "Today" points out these common errors in home sales:
- Showing the house before it's clean
- Waiting too long to take a good bid
- Not hiring a real estate agent or broker
- Waiting too long to list the home
Need to Know if You Can Sell Your Home Fast?
Want to make sure that you can sell your home swiftly without any legal hang-ups or issues with the title or mortgage? Request a Free, No Obligation Legal Consultation today! There are no hidden fees, no obligations, no pressure and no risk in this consultation.
DISCLAIMER: All information on this website are provided for informational purposes only and are not intended to be construed as legal advice. Suburban Legal Group PC shall not be liable for any errors or inaccuracies contained herein, or any actions taken in reliance thereon.