3 Tips for Quickly Selling a Residence
There are many reasons to vacate a home
in an expedient manner. If you’re drowning in debt, unable to afford
property taxes or simply tired of paying for costly repairs, it may be
in your best interest to part ways with your current residence.
Unfortunately for sellers, real estate is currently a buyer’s market.
Although new home sales have seen a noticeable increase since the
financial collapse of 2008, the housing game isn’t quite what it used to
be. As such, homes can be on the market for years before a suitable
offer is even put forth. Suffice to say, selling your home in a hurry
can be a very tall order.
Of course, this isn’t to say you should
throw in the towel and stay in a home you no longer want. Provided
you’re willing to make a few concessions, selling your residence in a
timely fashion is quite doable. Your house may not sell for the price
you had wanted, but compromise is a big part of selling – and buying –
homes. The following tips will prove helpful in quickly finding a buyer
for your unwanted home.
1. Drop the Price
If
your home needs quite a bit of work done, it’s in your best interest to
reduce the asking price. If the new owners are expected to tend to any
outstanding repairs, it’s only fair that the estimated cost of these
jobs be deducted from the price. Aside from experienced flippers, many
people are hesitant to invest in homes that need a lot of work. Frankly,
this is understandable. Why pay top dollar for a home that needs a
small fortune in repairs performed? When working out a reduced price,
enlist the aid of licensed contractor. This person will identify all the
issues that need addressing and provide you with a detailed estimate of
what the new owners can expect to spend fixing them.
2. Contact a Company that Buys Unwanted Homes
If
the search for a buyer has proven fruitless, contact a company that
specializes in purchasing unwanted homes, like Dallas-based DFW SELL FAST.
Since DFW offers cash payments to all sellers, you can close the deal
in as little as one week, thus sidestepping the plethora of bureaucratic
red tape you’d encounter during a traditional closing. Additionally,
DFW takes care of most closing costs and provides all potential sellers
with complimentary home evaluations and price estimates. As an added
bonus, you won’t have to worry about paying an exorbitant realtor’s
commission. All the money from the sale belongs to you – and you alone.
3. Sell at a Loss
If
all else fails, you may need to sell your home at loss. Depending on
the state of the structure, as well as the annual cost of utilities and
property taxes, simply being rid of the place could be in your best
interest. If keeping a home actually stands to lose you more money than
selling it at an immediate loss, chances are it’s not worth hanging
onto. In this situation, cutting your losses and moving on can prove
beneficial to your financial bottom line.
Selling any large item
in a hurry can be a tricky proposition – and items don’t come much
larger than houses! While unloading a residence in an expedient fashion
may be difficult, it’s by no means impossible. If you want to find a
buyer for your house posthaste, consider reducing your asking price,
contacting a professional home-buying serve or, if need be, selling at a
loss.
About the Author: Valerie Belson is a
middle school guidance counselor who’s based out of the Dallas-Fort
Worth Metroplex. When she and her husband needed to sell their home in a
hurry, they contacted DFW SELL FAST, who purchased their home for a
very fair price.
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