Stuck In A Rut? Learn What it takes to Sell A House in Today’s Market.
Did you know it takes on average in IL 77 days to sell a house? And that’s a house that’s in a great neighborhood with good schools and it needs no repairs, move in ready. Selling a house can be as difficult as giving birth. You have a lot of preparation to do leading up to it and the actual process can seem to drag on forever. By learning as much as you can about selling you can make the whole thing go as smoothly as possible.
If you are ready to sell your home the first thing that you should look at is what kind of curb appeal that it has. Things to look for is your lawn is mowed nice and no weeds. Check the state of your driveway and porch and make sure that there are no huge cracks or chunks missing.
If you are having difficulty selling your home, think about lowering the price. Try listing it on more websites or have different real estate agencies help you. When people visit your home, make sure it looks clean and safe and that you are presenting the advantages of the house first.
When looking to sell your home, always make sure the first impression is a great one. Cut back shrubbery and mow the grass regularly. Re-paint old trim around doors and windows and replace or re-paint shutters if necessary. A new front door can also do so much to give your home a fresh, updated appearance.
Selling a home in the fall may become rather difficult as the market is slowing for the season. Parents do not want to pull their kids out of one school and make them start in another. Be flexible when accepting offers during this time of year or you could find your home still on the market, come spring.
Be sure to hire an appraiser that has more than five years experience on the job. The ideal appraiser must have state certification and licensing. Try to find one that does not work for your real estate agent to assure that there will be no conflict of interest in any way.
Selling your home in today’s sluggish real estate market can be difficult, but you can make it easier by improving your home’s appeal with some quick and easy fixes. Updated kitchens are a main concern of potential buyers. If yours is outdated and a complete overhaul is too costly, consider having your cabinets refaced. This costs substantially less than investing in new cabinets, and the change can be dramatic. Give your bathroom a facelift with a new pedestal sink and toilet seat. A prefabricated tub surround can quickly make those chipped and dingy tiles disappear. Give the walls of any room a fresh coat of paint in a neutral color. Now stand back, and watch the bidding war begin!
Too many people go into selling a house thinking that it just involves putting up a for sale sign and picking the best offer. As you have seen, it is a much more involved process than that. Hopefully you have learned some tips that will help you on your path to selling success.
What affects a home sale timeline
There are a number of factors that can speed up or slow down a sale:
- Location: In hot markets such as San Francisco, homes may spend just a few weeks on the market before they sell. In slower markets, things can drag on for more than twice as long.
- Price: Expensive homes generally sell more slowly, because fewer buyers can afford them. “The pool of possible buyers for $1,000,000-plus homes is dramatically smaller,” says Susan Naftulin, president at Rehab Financial Group.
- Season: In general, sales happen faster in summer, when the weather is nice and families are eager to settle in before school starts. During the winter, sales can be more sluggish.
- Inventory: Homes in an area with a shortage of homes on the market in relation to the demand will see an offer more quickly than homes in neighborhoods with an inventory glut and few buyers.
- School districts: Homes in neighborhoods with desirable public schools sell faster than houses in less-than-stellar school districts—and for more money, too.
- Walkability: Urban houses within strolling distance to public transportation are snapped up over homes with limited access to buses and trains.
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How to sell a home fast
While many factors that affect how long it takes to sell a home are beyond your control, there are some things you can do to speed up a sale.
- Competitive pricing: Your home will sell faster if you price it on the lower end of the averages in your area, according to Monica Webster, real estate salesperson at William Raveis in New York City and Greenwich, CT. “When a home is priced properly, it will almost always sell quickly—and may even spark a bidding war that will drive up the price,” she says. “Sometimes houses even have an offer at the first open house.”
- Completed repairs: Sprucing up your home leading up to the sale is equally if not more important than when you actually list it, says Jennifer Sandlin, a real estate professional from Cornerstone Real Estate. “Finish those little home projects that have been put aside over the years,” she says. “Things you might not notice every day will stick out to a prospective buyer.”
- Staging and decluttering: On average, a staged home sells 88% faster (and for 20% more) than a nonstaged one.
Everything You Need To Know About Real Estate Sales
Selling a home can be a daunting prospect. For virtually every seller, the amount of financial value wrapped up in their house is enormous. Risking it on the real estate market seems dangerous. The state of the market does not dictate the wise seller’s behavior, though. A seller armed with ample research and education can turn a good profit in even the nastiest market.
Give your home the best possible curb appeal when selling, by making sure that the lawn is watered and mowed, excess items are not left outside, and putting a couple of potted flowering plants by the front door. The clean cut appearance will help attract buyers to your home.
If you are selling your home in the fall, make sure to settle on a listing price that is competitive, even marking your residence down lower than other homes in the area. This will get the attention of buyers who are searching for a good deal and may help you get more for your home by igniting a bidding war.
Curb appeal is a very important factor in selling your home; meaning that it is just as important what your home looks on the outside as it is on the inside. Before even looking, most people are concerned with what a home looks like from outside. If you are selling your home, make sure to clean up your yard, add some patio furniture and plant some nice flowers and plants outside for maximum curb appeal.
If you are selling your home, make a plan before listing it. Find a listing price but also find a price that you are willing to let your home go for. Set some dates to hold open houses, prior to listing so that you can be sure to be ready for the day when it comes.
When selling your home, consider having an inspection done before putting it on the market. A clean inspection report is something you can show to potential buyers, and if any repairs are necessary you can address them immediately. This will save you from unexpected and potentially expensive surprises down the road.
When showing the home that you are selling to potential buyers simple things can make a big difference. Make them feel as comfortable as possible so they can more easily picture themselves living in the house. A tidy yard, fresh coat of paint and a clean home will make this an easier task for the potential buyer.
To help you buy or sell real estate, you have to find an agent that knows the market very well. If not, they may suggest that you sell at a lower price than you should.
If you are looking to advertise real estate on the internet, it is important that you address the public’s overwhelming fear of purchasing things online. If you do not do this, you may lose thousands of possible customers on your site because they are too afraid to go through with their internet purchase.
While you may feel like nobody can sell your house better than yourself, many Realtors beg to differ. Prospective buyers generally respond more positively to objective information and prefer to take in all of the features and amenities of a house on their own time. The home owner’s presence often competes with the house itself for the potential buyers’ attention.
These are just a few of the ways the well-prepared seller can secure the best prices and avoid the nastiest pitfalls when he or she puts a house up for sale. Learning more about real estate can be profitable all the way through the selling process. The best sellers are those who never feel like they have learned enough.
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