Home Selling Tips: What You Need to Know to Sell Your House Fast
The real estate market in Nashville is tumultuous right now, and it can feel like as long as your home is in the right location, it can sell at a ridiculously high price. For example, one serious fixer-upper is going for quite a bit of dough this year.
Sometimes, however, pushing for the highest price possible isn’t conducive to closing a quick deal. What should you do if you want to sell your home fast without dropping the price down to next to nothing?
We’ve got some home selling tips to close your real estate sale as fast as possible and get a fair price in the process. If you’re hoping to jump on this hot real estate market, we don’t blame you!
Read on to find out how you can go about selling your home fast in Nashville right now.
Get an Inspection
If you are thinking of listing your home on the traditional market, you will want to assess the state of your property, first. In order to secure a mortgage, buyers almost always have to get an inspection of their own. If the inspector finds any serious problems with the property, you could find yourself dealing with time-consuming negotiations over costs.
Prepare yourself by getting a pre-sale inspection. Keep in mind that this could cost anywhere from $100-$500. You may also need to contact multiple home inspectors to make sure that you can get an inspection ASAP.
Do Some Market Research
If you don’t want to pay for an inspector (or you want to get a better sense of your property’s potential value), do some market research. Take a look at the homes in your neighborhood or region that have sold in the past six months. Narrow down your search further by looking at the homes that are similar in size and condition to your own.
Once you find multiple properties that fit the bill, jot down the final sale price of each home. You can come up with an average or see these figures as a ballpark range. The goal is to get a sense of how much buyers have been willing to pay for houses like yours in the recent past.
Skip the Renovations
Some sellers decide to take their time before listing their homes. They may renovate or remodel certain features of their homes in order to increase the property value. They may also address any major issues that could deter buyers from closing the sale, such as old electrical wiring or old plumbing.
Some of these renovations can lead to a faster sale, particularly if they make the property more move-in ready. However, the trade-off is that you have to wait longer before you list. Plus, no renovation or remodel comes with a 100% return on investment, so even if it does raise your property value, you’ll still technically lose money.
Set a Fair Price
Remember, one thing that you’re trying to avoid is negotiations. Yes, some fixer-uppers (like the one we mentioned earlier) are selling for an astronomical price. However, that isn’t the norm and it won’t work for every seller, even in this seller’s market.
Get a true sense of your property value, either through your pre-sale inspection or through market research. Then, decide whether or not you want to sell at property value or increase the price by a small percentage. Keep in mind that the higher you go, the riskier it becomes, as you may not find a buyer who’s willing to pay that much.
Set Reasonable Expectations
Assuming that you are listing your home on the traditional market, set reasonable expectations. If you need cash fast, don’t put all of your eggs in the basket of your home sale. It’s important that you have a backup plan or alternative source of income to cover things like the cost of your next home.
Why do we say this? On average in 2020, a typical American home sat on the market for 24 days before going into escrow. However, it took an additional 46 days for the sale to close.
In other words, it can take a good two and a half months to close the sale–and this is considered quick for the traditional real estate market. Make sure that you have reasonable expectations before you try to sell your home fast.
Skip the Wait and Sell to Us
If your biggest priority is to sell your home fast and for a reasonable price, there are other ways to sell your home besides listing it on the traditional market. More specifically, we can give you a hand.
We buy houses in Nashville that are in any condition. Our process is simple and straightforward–and most of all, our process is fast.
First, contact us and tell us about your property, setting up a walk-through at your convenience. Next, let us do some digging and come up with a cash offer based on your property’s current value. Then, if you like our offer and you’re ready to sell, let us know and we’ll close the deal.
These Home Selling Tips Will Help You Sell Fast in Nashville
This real estate market has sellers excited, but is it setting realistic expectations for everyone? Selling your home fast and at a high price can be tricky to accomplish, especially if your home isn’t in one of Nashville’s hottest neighborhoods. The good news is that with our home selling tips, you can make the dream of selling your home fast a reality.
Ready to cash in on our lightning-fast offer? Contact us today and we’ll get the ball rolling. We look forward to helping you secure a fair offer as quickly as possible.
