By: Eric Reyes
About the Author
Eric Reyes is a passionate thought leader having been featured in 50 distinguished online and offline platforms. His passion and knowledge in Finance and Business made him a sought after contributor providing valuable insights to his readers. You can find him reading a book and discussing current events in his spare time.
In 2019, the average property buyer took seventy-three days before buying property. As a property owner, sometimes you can wish to sell your property faster than usual due to urgent reasons such as financial difficulty, relocation, divorce, and lifestyle changes.
The duration of selling the property can be shortened by great marketing on social media, the use of agents, setting a competitive price, among other ways, as listed below.
Setting a Competitive Price
Setting a reasonable price for your property can be the best way of getting a quick sale, as it attracts buyers very fast. Who doesn’t love affordable things? The price strategy can work if done correctly. In cases where you are working with an estate agent to sell your property, the agents should be able to help you with the pricing.
However, in the absence of an agent, you can arrive at the best price for your property by comparing the prices of property in the neighborhood, active listings of property on various platforms, and the market conditions that may affect the costs.
Upgrading Your Home
The first impression lasts; therefore, having an impressive property for your buyers can lead to a quick sale. To make your property more attractive, you can undertake the following measures:
- Clean the house and paint where necessary. New paint can bring a unique touch to the home. Please choose a color that is appealing for most buyers
- Clean and repair living room area, kitchen, and bathroom
Apart from the above activities, you should also work on the garden by trimming the flowers and grass. The beautiful colors and clean house will make it memorable and help add the value of the property.
Offer Incentives
You can offer incentives to buyers or brokers. The incentives offered to brokers can boost the listing of the property, which will then, in return, increase the number of buyers visiting the property to buy.
Other incentives that can lead to faster property sales may include:
- Prepaying taxes on the property
- Paying for a month or year of garden maintenance
- Transferring home warranties
- Lease-to-own options for the buyers who are short of down payment
In case you do not know what kind of incentive to use, you can sit down with your real estate agent and discuss the best strategy to apply.
Transferring Your Mortgage to Someone Else
Another way of selling your property fast is by transferring your mortgage to someone else. When you have an adjustable-rate mortgage, it can be the right time to sell the property.
The person you transfer the mortgage to must qualify for the same, for this kind of transaction to take palace. Lenders may have some restrictions on this kind of arrangement as before the transfer; all the original mortgage must be cleared. When you pay your mortgage, the new homeowner will be able to take a new one.
Get Listed on Popular Property Sites
Visibility of your property in any popular platform good search engine optimization is crucial in selling it faster as it helps you reach the interested audience. To gain even greater exposure, you should include images and videos of your property. A beautiful photo and an interesting video can delight a potential buyer, increasing the chance of you making a sale.
Photos can highlight different property features and prices. The information to be captured can include details on how amazing the property is, its location, the space available, the neighborhood, among others.
However, the details may not be enough hence the need to always respond to customers’ requests for more information. Getting your property noticed will also call for good search engine optimization, sharing the property on social media and sending emails to potential clients.
Approach a Real Estate Agent
It’s not easy to sell a property alone; that’s why you need an estate agent who understands the advertising, pricing and marketing aspects of properties. An estate agent can develop a competitive pricing strategy by comparing the market and competitors. The agent will help you sell your property faster as they can promote your property with advertisements, open houses, and listings.
Are you looking for a real estate agent to help you sell your property fast? Click here to speak to an expert.
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