Selling A House Quickly
Selling A House Quickly
Selling A House Quickly
In the today's financial situation, everyone wants to sell his house as quickly as possible but sadly, this is not always easy if you have bought a property that is difficult to sell or have not gauged your marketing correctly. Investing in houses is about buying the right house, but this is a skill you can learn easily.
As in all investments, you need a good exit strategy. Will your investment make a profit, do the numbers work? Is there a buyer's demand in the area? How would you intend to sell? Who are your potential buyers? Are they investors, tenant buyers, low income, middle income etc.? What kind of property do they want to buy?
Now you know your market and investment strategy, how do you sell your property without it costing too much money?
The first thing to remember, when selling a property, is to present the house to the buyers at its best. It should look attractive, worth more than you are asking and be the best house they are likely to be able to buy.
So how do you do this without spending too much money?
Well, first of all a well decorated house sells much faster especially if you are seeking a tenant buyer. It should be neutrally decorated and have few personal little touches. If you are not able to do this yourself, you can hire a decorator or interior designer to assist you. Make sure that it is decorated for your potential buyers, not for your tastes.
You also need to de-clutter the house. This not only makes it look much bigger but also more attractive. A professional organizer will help you organize the house as well as its storage areas. They will search through your garage, closets, basement and attic de-cluttering as they go, so that the house looks organized, clean and tidy.
Next, you need to be able to advertise the house. Looking at a property picture is what most potential buyers first do. If the house pictures are poor, the buyer will often move on. Unless you are a great photographer, it is best to hire a professional. It is also a great idea to get video walk throughs the house as these help the house sell very quickly. Use the pictures to hide the house weaknesses and present the property at its best, as buyers will usually walk on if they do not like the pictures.
You should also get the house description written up at the same time. There are many Realtors around that will help you with this, you do not need to employ them for the whole sale.
Tenant buyers who are not able to obtain financing currently, will hopefully own their home in the future. See if you can, assist them with this by offering a rent/lease to own and pointing them to appropriate mortgage brokers who will be able to assist them. Make sure you highlight this opportunity in the advertisement because this is what they need and want.
When you have everything sorted out, it is time for the "open house". This should be scheduled for the weekend, if possible, when people are freer. It should be advertised well ahead of the time to give people time to plan.
Do not forget your curb appeal and make sure that your garden is weeded and the lawns mown so that the house looks attractive as people drive up to it.
Put some signs out in the garden and along the road, close to the house so that people can easily find you.
Selling the house quickly is not impossible and the expenses you have will be really worthwhile when you have buyers lined up. Good luck!
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