Tag Archives: sell
How to Sell Your Own House – Killer Strategies to Sell Your Home Quickly and Make Maximum Profit!
According to the National Association of Realtors the likelihood of selling your home quickly increases every day. It is believed that the rise in the 30 year fixed rate mortgage and the recent decline in home inventory could be the start of another real estate “boom”.
However if you really want to know how to sell your own house then it’s time to get smart! There are many bargain hunters out there who are looking to get on the property ladder or increase their housing portfolios due to numerous undervalued homes on the market.
As with the majority of home sales, you will no doubt need the assistance of certain service oriented companies. This may involve painters, carpet cleaners, removals and many other services. You may of had to lower the asking price in order to sell your home quickly, but rather than racking up huge “other services” bills, look to keep costs down.
Initially make a budget of how much money you want to spend. When gathering estimates be upfront with people about how much cash your are looking to spend. Something as simple as labelling all your own boxes and leaving them in the room nearest to the front door can save you a pretty penny.
Can you schedule in time to do some of the painting jobs around the house? The price for hiring a painter for a couple of days, just to touch up a few spots around your home could cost a few hundred dollars. Many times this is something you could easily do yourself.
You may wish to shampoo your carpets and give your house that beautiful fresh, clean feeling. Did you know you could hire a shampoo machine for a day and once again save yourself a few hundred dollars.
With the abundance of information now readily available on the internet, people are much more willing to sell their house themselves rather than using a realtor. Often an agent will charge between 5%-7% of the sale price as a “fee”. This could quite easily amount to ten’s of thousands of dollars. If you are prepared to put in some research and try marketing through open house sittings, online and newspaper classified ads and leaflet drops, you will then only need to pay a few hundred dollars for a real estate attorney.
These are just a few tips on how to sell your own house, but these alone can save you a small fortune. If you want to sell your home quickly, yes you may need to drop your asking price, but then try and make up for your “loss” in other ways!
Want to Sell Home, Fast?
However here we’ll go over a few things you can do to hopefully sell it as quick as possible.
Firstly, try and have your home presentable. The difference just a clean and perhaps paint can make is truly enormous. People do tend to make quick first impressions and as everyone knows, these can be hard to change afterwards, so it’s best to get it right first time.
You don’t need to go overboard or anything, just have it presentable. If the walls are a bit shabby then a few hundred pounds spent on painting them is possibly one of the best investments you’ll ever make. Have the house clean – minimize stuff lying around the place, make sure it’s been hovered recently, and don’t forget those windows – they really only take a few minutes each to clean but the difference they make is massive.
Things like dirty ware in the sink (you’d be surprised how often this happens on viewings) are a massive turn-off.
If you have any outside space, then try to make this look its best as well, whether that’s cutting the grass, sell home quickly or perhaps trimming the hedge or whatever, the time you spend doing this will be time well spent.
Next, decide how you want to go about selling it. Do you want to try selling via an estate agent or would you prefer to avoid the stress and uncertainty involved with that? If selling through an estate agent then see at least 2-3 agents and go with whichever one you feel the most comfortable with. Be wary of agents who over promise, and be especially wary of ones that tell you they think your property is worth a lot more than your common sense would indicate. If every house on your street is the same and there’s a few on the market at £100,000 but your agent is telling you that yours is worth £130,000 even though there is no significant differences between yours and the others, then alarm bells should be ringing.
Also beware of having to enter into very long term agreements with any estate agents – a typical one is 8-12 weeks – be very careful about entering anything longer.
Be conscious of their fees – don’t necessarily go for the lowest, but certainly avoid any that are way above the average.
If you would prefer to avoid estate agents altogether then you could consider selling to an investor. These typically offer less than what you would hopefully get on the open market, but it typically is a guaranteed offer, there should be no fees with any decent investor, and the investor should be able to complete quickly. If you do go down the investor route, then make sure that the offer is final and that it’s not going to change at the last moment, make sure there are no hidden costs, and get an idea of when completion should be. If the investor can’t provide the answers to these questions then move on to the next one.