Are you looking to sell your home quickly? If so, there are a few things you should know before putting your home on the market.
Of course, selling a home isn't an easy process, but there are things you can do to make it go as quickly and painlessly as possible. The good news is that if the market is good, most well-priced homes sell within 10 to 21 days. The average days on the market for all real estate in Calgary is 45 days according to the September CREB stats.
However, there are a lot of factors that determine how long your home will take to sell. Here are 8 of our best tips to help sell your home quickly:
1. Establish a Timeline
It's also important to establish a timeline when selling your home, but it's even better to do if you need a quick turnaround.
As a first step, make sure you and your real estate agent have open communications at all times, and that they have specific details about when you need to sell your home.
Essentially, you have to help your agent help you, and providing a vague timeline won't explain what he or she needs to do to get your house sold.
2. Stage Your Home
Similar to the point above, it's a good idea to take your home decor up a notch by hiring professional stagers to come in and make your home look like a model home.
If you're not familiar with staging, it's a process of redecorating your home to make it look bigger, brighter, cleaner and more modern. Professional stagers will either use your current furniture or bring in pieces of their own, and they know all the tricks that will make potential buyers fall in love with your home.
According to a recent survey, staged homes sell in half the time that unstaged homes do. While it might be an extra investment to remove your belongings and have a designer come in, it will be worth it when you sell your home quickly.
3. Set a Reasonable Price
Preparing to sell your home is an emotional experience. During this time, it's easy to think your home is worth more than it actually is. However, if you're trying to sell your home quickly, this type of thinking can put you at a serious disadvantage.
When discussing your listing price, it's important to trust your real estate agent's instincts on what the best price for your home will be. If they have a good idea of your timeline in mind, they will know what price you should aim for to meet your timeframe.
Of course, everyone thinks their home is worth more money, but keeping an open mind on pricing is key to getting your home sold faster than overpricing your home and having it sit on the market.
4. Make it Easy to View Your Home
When you're trying to sell quickly, it's crucial that people be able to view your home. This means keeping your schedule as open as possible for showings and open houses, and not getting in the way during these showings.
No one is going to buy a home that they haven't seen in person, so do everything you can to make sure buyers can view your home whenever is convenient for them.
If someone wants to see your home at 8 p.m. on a Friday, you need to be flexible and willing to get out at a moment's notice. The more time someone has to look at your home, the more offers you're likely to get.
In addition, make sure you're not there when your home is being viewed. It might be tempting to stay home and discuss your home with potential buyers, but this can actually be a major turnoff. In this case, it's best to leave it to the professionals.
5. Support Your Agent
Many sellers simply turn over their home to their real estate agent and expect them to do the rest. While it's the agent's job to help you sell your home, when you're trying to do so quickly it's key that you offer as much support to your agent as possible.
This means keeping the lines of communication open at all times and doing everything your agent needs you to do.
Communicate with your agent to make sure you understand the legal requirements and what you need to have in place before the offer comes in.
Along those lines, make sure your agent knows exactly how high or low of an offer you're willing to accept. You'll also want to set clear expectations on negotiating optional items into the price. For instance, are you willing to sell appliances with your home as well?
Make sure they have all the information they need, and your home will sell faster.
In addition, make their lives easier by always thinking ahead.
Do you have an open house on Sunday? Make sure your home is clean and everything is ready to go. The less they have to remind you to do, the more they can focus on getting your home sold.
6. Use Your Neighbors
Why not have your neighbors pick their new neighbors for you?
Selling your home is a great opportunity to ask around and see if your neighbors know anyone that's looking to buy.
It's even better if you have a neighborhood forum or some type of community center to post your listing in. Either way, getting the word out that your home is for sale is always a good thing, and your neighbors with likely appreciate the chance to have a say in who moves in next to them.
7. Participate in the Post-Signing Process
We all know that getting an offer on a home is really only part of the battle. The rest comes after the offer is accepted.
If you're trying to sell your home quickly, don't hold things up after you receive an offer, and don't simply plan on your agent to handle everything either. Keep yourself involved in the process as much as possible in order to help move things along.
This is another point where it's key not to let your emotions get the best of you. You might be tempted to wait for multiple offers, but this will only make the home-selling process more painstaking. In many cases, your first offer received is your best offer.
Also, think about all the steps that must take place before your home closes. To save time, make sure you take of issues that might come up during inspection before you list your home.
8. Choose the Right Team to Sell Your Home
The true key to selling your home is picking a professional real estate team that has enough experience to get the job done quickly and efficiently.
Waller Real Estate has been in business for 20 years, and we've survived through all types of markets which takes a large amount of skill and strategy.
Tom Waller himself has 30 years of experience in the industry and is one of the area's top negotiators. He knows how other agents work and can use this wealth of knowledge to get your home sold fast.
As a firm, our biggest advantage is being independent, because we can customize our approach to you and your specific home. Remember, just because another brokerage firm is larger, doesn't mean it's more efficient.
In the end, there's a lot that will determine how quickly you can sell your home.
To help your home get off the market quicker, make sure you help it put its best foot forward and don't get in your own way. Selling a house is an emotional experience, but taking the emotion out of it is the best way to make your home sell faster.
Do you have any tips for selling a home quickly? Share them in the comments below! Interested in buying or selling in the near future? Contact us to get started!