While most people buy their homes without any plan to sell in the future, life sometimes happens, and selling the property becomes a lifeline. But not everyone sells their home for quick cash to get out of debt or some emergency. Some people buy properties in strategic neighborhoods as investments and cash out on their investments when real estate prices go up in those neighborhoods.
As you probably know, real estate typically appreciates in value over time which makes it a somewhat safer investment compared to other options out there, like stocks. If you are looking to actively participate in this industry, buying a home in a strategic location is just the right way to get a piece of the industry. Visit https://www.moving.com/ to learn more about why location is important in real estate.
Regardless of your reason for wanting to sell your house for cash, you should know that the process is not always as straightforward as one would think. There are many moving parts involved in selling a property and while some can be controlled by the seller, others cannot. In this article, we will go over some key steps home sellers can take to ensure a seamless sale.
One of the many mistakes sellers make is not taking professional photos of the property and its best features. While one may think that the key to a good-looking photo is a great camera, other factors can influence how the photo comes out. For example, a professional photographer would take a shot of a room from an angle much better than you would, highlighting its best features.
When it comes to listing properties online, what gets potential buyers interested is usually how the property looks in the photo. No one wants to check out a listing with grainy or blurry photos. So, except you are a professional photographer, have one take the photos for your listing.
While this step is optional, it is a wise move and could speed up the sale when the property eventually hits the market. A detailed pre-sale home inspection report can reveal problems with the home that you may have missed but may be spotted by a potential buyer.
These problems could be mechanical or structural and may cost a few hundred or even a thousand dollars to fix. However, it is worth it as your home stands a better chance of being sold off quickly and with no stress. Click here to learn more.
Once you have gotten professional shots of the property and probably made a few repairs based on the home inspection report, it is time to get it listed. Real estate agents say that a property’s online appeal is even now more important than its curb appeal which means you must get your listing right.
As long as you have great shots highlighting the best angles of the property and you set a realistic price, you should be getting requests in no time. We say “realistic price” because we see many home sellers wanting to become multimillionaires from the sale of a property with a market value of less than a million dollars.
This is where you might need an agent that understands the market. A seasoned agent should help you list the property in the best way with a competitive market price. That said, simply doing your research and finding out for how much other properties like yours are listed should give you an idea of how much to list yours for.
An agent is not absolutely necessary to close a sale; investors like Chris offers distress home sellers a way to sell their homes quickly and receive payment in cash.
Once your listing is live, it is important that the home is always clean and staged for showing. Staging simply means taking away excess furniture and personal belongings. It helps highlight the best features of the home and helps potential buyers see the property in its best light.
If you are not sure how best to stage the property, you can have a professional do it for you. Professional staging costs around $1,200 on average but prices typically range from about $500 on the low end to about $2000 on the high end.