When it comes to selling your home, it may initially appear as a distressing task. With the thoughts of the unknowns as to how long it will take to sell the home to the amount of traffic coming in and out can drive some sellers crazy. It is important for sellers to pause, take a deep breath, and simply evaluate the options as to the proper approach for them to follow when trying to sell their home.
This first option would be to hire a real estate agent. Most likely, there are many in your area to choose from, but your focus, as the seller, is to select someone who has a high volume of purchasing clientele. The agent is obligated to work on your behalf and undeniably in your best interest. Get the most aggressive agent that you can find. From personal experience, they will field offers and sometimes will even pit one offer against another. This tactic is smart and is commonly phrased as bidding up the property. It would also help you in your decision making to narrow your search to three and to seek references on each.
An additional consideration would be a very basic principle, and that is to price it to sell. In other words, place an attractive sales price that would motivate purchasers to, at the very least, inquire about the property even if the design of the home does not fit their initial criteria. You never know, a couple of things could happen as a result of this. One is that the price makes the home appealing, or two, they may know someone that it may be a fit for and they may refer a purchaser to you. This strategy can also work hand-in-hand with bidding up the purchase price. Keep in mind, that the longer that you hold on to the property, the longer it prevents you from moving on, so always be on the lookout for motivated purchasers. Typically, this type of purchaser will want to close quickly with a higher purchase price offer.
Third, it would be wise to set a home-selling deadline. This is excellent, because it can keep you calm and prevent you from making an irrational decision like accepting a low offer unnecessarily. Not only that, but this deadline will assist you in creating a healthy motivation to sell the property and feel satisfied that you took your time during the process of selling.
Fourth, it is in your best interest to get a home inspection completed prior to placing the property on the market. This would enhance your prowess for quick negotiations. In this context, you would know whether a purchaser is serious or not. It would save you a lot of time and futuristic headaches. A home inspection is also a way to make a full disclosure on the home and to have integrity with your sale. Your psyche is at play here. Nobody wants to be taken advantage of, and you should not want to take advantage of someone else.
Fifth, staging the home is always a psychological advantage for the seller. It provides the purchaser an imagination that they can take away as to how a fully furnished home would look. It will have a lasting impression. Combining this strategy with a motivating sales price, you can not help but to sell the home in record time. Some purchasers are visual, and there are others who care only about the numbers. While there is no getting around an excellent purchase price, the imagination of living there can tip the scales toward buy.
Sixth, List your home yourself. This approach has the ability to save you commission dollars from being paid to an agent. The one downside to it would be that you would have to show it too! It may be a little uncomfortable, but you are at risk from becoming emotionally involved on a whim.
Finally, you can take advantage of some of the sell and rent back schemes. This allows you to sell the home at reduced price, meaning a quick sale, and you transition from homeowner to tenant. Depending on the situation, it may be what is best for you.