As an investor, you may want to diversify your portfolio from real estate investments to stocks, bonds, crypto, or a host of other things. If you already have an old residential rental, vacation home, or property that you want to sell quickly to get quick cash on your next investment, finding ways to avoid lengthy sales should be found.
This article will share some expert tips to help you sell a home quickly.
- Avoid dealing with consumer buyers
Consumer buyers are not everyday buyers. They are private individuals looking for their dream home at the lowest possible price. You want a house in good condition without any significant roof, electrical, plumbing, drainage or foundation problems. Consumer shoppers are also the most sophisticated type you will ever come across.
According to June 2020 statistics from the National Association of Realtors (NAR), the typical U.S. home stays in the market for approximately 24 days and 46 days to complete a sales contract that averages 70 days from listing to listing. These statistics are based on a traditional home sale. Why should you wait so long when you have other options?
Avoiding dealing with buyers by consumers includes the following benefits:
- Dealing with investors like you: You can avoid dealing with consumers who can extend a home sale by engaging with a home buying company like Burlington House Buyers. Companies that buy cash are managed by investors like you who buy houses and sell to the business market. They aim to make money on modest profits by buying and selling real estate at a low price, rather than selling high-priced homes with significantly high profits.
- Save time and money: Avoiding buyers from consumers can save you money on inspections, listings, repairs, and other costs. On the other hand, selling a home to a real estate investor is time and cost efficient because you are not spending any money on anything.
- Sell your home quickly: Private individual buyers need care, constant follow-up and monitoring. They can be difficult to deal with, unlike cash buyers who make deals straightforward. Either you accept the offer, make a counter offer or reject the offer.
- Promote your listing online
If you have been used to listing properties in newspaper classifieds, it is high time you started listing your home through various online channels. This way you increase your listing risk and increase potential buyers.
It’s a good idea to create a virtual tour so that potential buyers can simply click the link to view your home online. If your plan is to invest in real estate with top fixers and become a pinball machine (buy houses at lower prices and then renovate to sell them at a higher price) it is a good idea to have your sales home with a virtual Promote tour. You can hire a professional to do this job for you.
Avoid being inundated with many inquiries by properly listing your property online and answering basic questions from potential buyers such as the following:
- The address of the property to be sold
- The selling price
- Number of bedrooms and bathrooms
- Equipment included
- Honest flaws
- Clear (high resolution) photos
- Hire an experienced sales-side real estate professional
You are likely too busy managing your business and other investments with no time to worry about prolonged home sales. You can hire a real estate professional (real estate agent or real estate agent) who has experience dealing with home sellers for your best interests.
Choose a seasoned real estate professional from a reputable company by following these tips:
- Rate credentials: Real estate professionals are qualified to deal with real estate buyers and sellers. Make sure you evaluate your prospect’s credentials to avoid any problems. Look for licenses, permits, certificates, and memberships with reputable real estate organizations.
- Interview: When you’ve narrowed your choices down to at least two real estate professionals, interview each one to get to know them. Find out who among them has the best soft skills. Don’t hesitate to ask questions such as: B. Whether they have a history of helping investors. You might prefer to hire someone you enjoy talking to, someone who knows real estate trends with a strong business instinct.
- Make the necessary repairs
Buyers always scrutinize for the shortcomings rather than the amenities of a home for sale. So it makes sense to make the repairs necessary to sell a home quickly. Hire a professional to inspect your home and make the recommended repairs or improvements. Don’t forget to get certification so you can show it to a buyer who has doubts about the longevity of your roofing system or other home furnishings.
The necessary repairs that you need to make to avoid lengthy home sales include the following:
- Roof repairs: Repair cracks and holes or replace shingles and worn gutters.
- Sanitary repairs: Fix leaks and clogged toilets, pipes and sinks.
- Electrical repairs: Repair faulty cables and replace old sockets.
- HVAC repairs: Check for leaks, a defective thermostat and replace the capacitor coils.
- Classification and drainage: Rework the drainage as required.
- Know the perfect time to sell a home
Investors should always know when to strike while the iron is hot. In general, the best time to sell a home to maximize returns is May 1st-15th. Properties that sold in the first half of May typically sell six days faster for $ 1,600 more than the average listing. Homes listed on a Saturday get 20% more views in the first week in the market than homes listed on Tuesdays.
When the time is right to list and sell a home can make a huge difference in the selling price. Market conditions can affect the perfect time to list a home; B. Mortgage rates, tax incentives and job growth. Put your house on the market as early as April 1st or July 15th, depending on the location.
Conclusion
As an investor, you want to avoid lengthy home sales by selling your property to a home buying company. Take advantage of digital technology by promoting your listing online and creating a virtual tour.
If you are too busy with your other investments, hiring a real estate professional can save you the hassle of selling a home. Make sure you are dealing with an experienced broker or real estate agent who will look after your interests.
Author bio
Antonella Lewis is a real estate advisor who shares her expertise through seminars and web content writing. Her years of real estate experience and her passion for helping home sellers led her to work as a cash buyer specialist.
Comments are closed.