Selling Your Home? Here Are Hassle-Free Solutions!
Mahadev Desai is the Founder and CEO of gharpedia.com and SDCPL a leading design consultancy firm having strong national presence. He has a degree in Civil Engineering (BE) and Law (LLB) and has rich experience of 45 years. Besides being the Editor in Chief, he also mentors team at GharPedia. He is associated with many professional bodies. He is also co-founder of 1mnt.in the first in Industry software for contractors’ billing. He is a voracious reader, edited 4 books, and pioneer of book reading movement in Gujarat, India.
For people who are selling their homes for the first time, the process can be long and stressful. Once you have decided that you are going to sell your home, you have to come up with steps on how you can actually do it. Determining the pricing and marketing strategies to use should also be included in your game plan. Fortunately, there are now hassle-free solutions for you to sell your house.
Anyone can sell their home in the local real estate market, but the method used in selling can make or break a seller’s success. Selling your home with an expensive price tag will likely shoo away potential buyers, motivating them to buy properties from your competition.
Save yourself from these kinds of situations by implementing the following hassle-free solutions when selling your house:
Selling Your Home
01. Work with We-Buy-Houses Companies
Selling your home without any experience can be challenging since you don’t have any idea of where and how you should start. Questions on when should you start marketing your home and how are you going to attract the local homebuyers will usually stress you out.
Creating strategies on how to negotiate with potential buyers and how to comply with the required paperwork can also add to the stress.
You don’t have to provide answers to these questions as we-buy-houses companies can help you out. We-buy-houses companies or house cash buyers are business entities that operate by buying your home for cash. Once you ask for their help, they will schedule an appointment, personally inspect your home, and present you with an offer. If you are amenable to their terms, you can accept their payment. If you think your home costs more, you can decline and look for other we-buy-houses companies or look for other options.
Aside from getting cash for your home as soon as possible, working with companies like Florida cash buyers and other similar companies can also save you a lot of time and money. Because of their services, you won’t have to think about any pricing, marketing, or negotiation strategies. These companies will reduce your responsibilities in selling a home without compromising your ability to earn a profit.
02. Find the Best Local Realtor
If you want to be a little more involved in the home-selling process, working with the best local realtor to sell your home might be a better option for you. Realtors are professionals in the real estate market, but unlike we-buy-houses companies, working with them won’t completely take off all of your responsibilities as a seller. You can think of these realtors as your mentors in the home-selling process.
Hiring a realtor allows you to follow a concrete plan when selling your home. Since they have been operating in the real estate industry for years, you can guarantee that they’ll know what tasks to prioritize and which are secondary. Their experience basically makes them one of the best persons to ask for a to-do list for the home-selling process.
Although a realtor will require a commission (usually about 6% of your total profit), the money you’ll pay them will surely be worth it. Working with them can provide several benefits, namely determining your home’s best selling price, staging your home during an open house, and providing access to an extensive pool of potential home buyers.
A realtor can also provide professional help during negotiations with a potential buyer. Negotiating is a skill that needs to be developed and practiced. If you don’t have any, you’ll easily be swayed by any buyer who haggles the price of your home. This is especially true if the buyer starts to get emotional during the negotiation. Realtors think objectively in negotiations, so it’s best if you let them do the job.
Realtors can also manage all the paperwork required before, during, and after the sale of your home. Their service will make the entire home-selling process easier and save you from any legal repercussions.
03. Drastically Reduce Your Selling Price
Buyers consider different factors before they purchase a property. More often than not, they’ll look into the amenities present in your home, the condition of the neighbourhood, and the cost of living in the area. Buyers that are planning to move in with children and seniors will consider the accessibility of your home to schools and hospitals, too.
But aside from these, a buyer’s decision is mostly influenced by the price. Buying a home will entail financial investment from them, and as much as possible, they want to spend their hard-earned money on something that provides value.
If you are willing to take extreme measures just to sell your home in the fastest way possible, consider reducing its price. By reducing, this doesn’t mean that you should only slash off around 5% to 10% from your original listing price. Reducing your price means actually making bigger cuts so your home can attract the most number of buyers in your area.
If you are planning to sell your home for $500,000, reducing its price for $495,000 won’t guarantee that you are going to sell your home fast. A small price shift won’t make any difference, especially if the local real estate market is bombarded with different properties.
A better solution would be pricing your home as $450,000 instead of $500,000. Everyone loves a discount, and reducing the price of your home will surely give buyers a sense of fulfillment, knowing that they scored a bargain. We know at the outset, you may not like this but, there are no option or if there they need time.
When potential home buyers see the price difference between your home and the competitors, they will pay more attention to the cheaper option. If your home offers the same amenities as the other properties in the area, the affordability of your home can influence buyers to purchase from you.
Our Indian and South Asian readers might have a question whether such companies do really exist? No, they are functional in US and other developed countries only.
Only Make Sound Decisions:
While the tips in this article can make the entire home-selling process easier for you, keep in mind that these, too, also come with risks. It is important that you carefully assess the pros and cons of your options so you will end up selling your home in the easiest way possible.
Making any hasty decisions can only lead to stress and in worse cases, financial loss.