In many ways, speed is often the name of the game. There may be plenty of reasons that you need to sell your home fast this year, including family, work, or maybe that pesky pandemic provided you with some unforeseen circumstances.
While the housing market began to pick up in 2020, the coronavirus pandemic caused a major shift in the buying and selling process. To go a view a home during an open house, you need to make an appointment and sign release forms. Even more so, people are starting to move over to virtual tours instead of physical showings.
Putting aside these safety changes, selling your house in 2021 is not a drastically different game. Even better, the housing market is looking better than it has in a long time. Many believe mortgage rates will stay fairly low until 2022 too. If you’re looking to sell your house fast in 2021, here are 5 tips that will get you the results you need.
Pick the Best Selling Strategy
There are a few options that you have when it comes to selling your home.
For starters, you could choose to sell with a licensed and experienced real estate agent. An agent will do the comps and get your home listed on MLS to boost your exposure. Of course, the main downside is the agent commission, which typically sits around 6% of the overall home price.
For that reason, many people sell to cash buyers like Hello Pad. A cash buyer will purchase the home in “as-is” condition. While you may not get as much for your home in a quick sale, you will get the utmost speed and convenience.
Make the Necessary Repairs
You must consider making any necessary repairs if you don’t want to sell your home on your own or with an agent. More often than not, buyer are looking for a “turnkey home,” meaning they want to be able to live comfortably right away.
Here are a few things you might consider getting done:
- Paint the interior and exterior
- Fix broken appliances
- Seal cracks in the ceiling or walls
- Deal with any plumbing problem
- Ensure the home has a working AC and water heater
- Report or repair foundation damage
Declutter and Deep Clean
You may want to consider giving your home a good deep clean, especially during these pandemic times. Hit your walls, floors, and carpets to get them looking sparkling clean.
Also, make sure that you get rid of any clutter or personal items in your home. It should be appealing to anyone who walks through. They should be able to envision themselves living there without pictures of your family or personal belongings.
Set the Stage
Going beyond the deep clean, you may want to consider staging your home to give potential buyers a better idea of what they can do with each room. Consider transforming your unfinished basement or insulated garage into something functional.
While staging on your own can add a considerable amount of time to the selling process, staging with a professional company often only takes a few days.
Price Your Home Correctly
There is no golden rule when it comes to pricing your home correctly, though it is one of the most important things to consider when trying to sell your house in 2021. If you price your home too low, you’ll sell quicker, though you’ll likely leave a ton of earnings on the table. Pricing too low can also give buyers the impression that something is wrong with your property.
The best thing to do is to get a competitive analysis of the neighborhood to price your home correctly.