As an investor, you may want to diversify your portfolio from real estate to stocks, bonds, crypto or many other things. If you already have an old rental property, vacation home or any property you want to sell quickly to get quick cash for your next investment, then you need to find ways to avoid a long sale.
In this article, you will learn some expert tips so that you can sell a house quickly.
1. Avoid Dealing With Consumers
Consumers are not everyday shoppers. They are private people who are looking for their dream home at the lowest price. They want a house in good condition without significant roofing, electrical, plumbing, drainage and foundation problems. Consumers are also the most demanding type you will ever meet.
According to the June 2020 statistics of the National Association of Real Estate Agents (NAR), the typical U.S. home remains on the market for about 24 days and 46 days to close a purchase loan agreement gives an average of 70 days from listing to closing. These statistics are based on traditional home sales. Why do you wait so long if you have other options?
The benefits of avoiding dealing with consumer shoppers include the following:
Deal with investors like you:
You can avoid dealing with consumer buyers, which can prolong home sales by dealing with a buying company, such as Buyers of Burlington Houses. Home buying companies are managed by investors like you, buying and selling homes to the commercial market. They aim to make money with modest profits by buying and selling real estate at a low price instead of selling expensive homes for significantly high profits.
Save time and money:
Avoiding consumer shoppers can save you money from inspection, listing, repair and other expenses. On the other hand, selling a home to a real estate investor is time-consuming and cost-effective because you will be spending money for nothing.
Sell Your Home Quickly:
Private individual buyers need nutrition, constant monitoring and monitoring. They are difficult to handle, unlike cash buyers who are simple in offering quotes. Either you accept the offer, make a counter-offer or reject the offer.
2. Promote Your List Online
If you are used to listing properties in newspaper advertisements, the time has come to list your home for sale through different internet channels. This will strengthen your list and increase potential buyers.
It’s a good idea to create a virtual tour so that potential buyers can simply click on the link to go through your house online. If you plan to invest in up-fixed real estate and become a pinball machine (buying houses at lower prices and then renovating them to sell at a higher price), promoting your home with a virtual tour is a good idea. You can hire a professional to take care of this job for you.
Avoid being inundated by many surveys listing your property right online, answering basic questions from potential buyers like the following:
- The address of the property for sale
- The sale price
- Number of bedrooms and bathrooms
- Amenities included
- Honest shortcomings
- Clear (high-resolution) photos
3. Hire an Experienced Seller-Real Estate Professional
You’re probably too busy managing your business and other investments and don’t have time to deal with long-term home sales. You can hire a real estate professional (real estate agent or real estate agent) who has experience in dealing with home sellers for your best interest.
Choose an experienced real estate professional from a good company by following these tips:
Evaluate Certificates:
Real estate professionals are qualified to handle real estate buyers and sellers. Be sure to evaluate the testimonials from your prospects to avoid problems. Look for licenses, permits, certificates and membership to respected properties.
Interview:
When you have limited your choices to at least two real estate professionals, interview everyone to get to know them. Find out who among them has the best gentle skills. Don’t hesitate to ask questions such as if they are experienced in helping investors in the past. You may prefer to hire someone you are comfortable talking to, someone you know real estate with a keen business instinct.
4. Make Necessary Repairs
Buyers always inspect for defects more than the comforts of a home for sale. So it makes sense to complete the necessary repairs to sell a house quickly. Hire a professional to inspect your home and make the recommended repairs or improvements. Don’t forget to get a certificate so you can present it to a buyer who may have doubts about the longevity of your roof system or other home appliances.
The necessary repairs you need to make to avoid a long home sale include the following:
- Roof Repairs: Repair cracks and holes or replace shingles and worn-out drains.
- Pipe Repairs: Repair leaks and clogged toilets, pipes and sinks.
- Electrical Repairs: Repair faulty wiring and replace old electrical outlets.
- HVAC repairs: Check for leaks, and damaged thermostats, and replace capacitors.
- Graduation and Drainage: Drain regularly as needed.
5. Know the Perfect Time to Sell a House
Investors should always know when to strike while the iron is hot. In general, the best time to sell a house to maximize return is from May 1st to 15th. Properties sold in the first half of May tend to sell six days faster for $ 1,600 more than the average listing. Homes listed on Saturday get 20% more views during the first week on the market compared to homes listed on Tuesday.
The right time to list and sell a house can make a big difference in the sale price. Market circumstances can affect the perfect time to list a home, such as mortgage rates, tax incentives, and job growth. List your house on the market as early as April 1, depending on your location, or until July 15.
Conclusion
As an investor, you want to avoid a long-term sale of homes by selling your property to a buying company. Use digital technology to your advantage by promoting your list online and creating a virtual tour.
If you are too busy with your other investments, hiring a real estate professional will save you from the hassle of selling a home. Make sure you are dealing with an experienced real estate broker or real estate agent, someone who will protect your interests.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
