Unprecedented interest rate hikes, ballooning mortgage rates, and home prices through the roof mean it’s harder to sell a home in the summer of 2022.
With average home prices scaling historical highs of $405,000, a 13.5% jump from 2021, gone are the days when selling your home fast are around. In March, the average house spent 38 days on the market, down 11 days from March 2021. Unfortunately, that number keeps on falling.
As tough as the industry has become, you can apply a few tactics to selling your home fast in today’s market, which we discuss below.
5 Tips to Selling Your Home Fast in a Competitive Environment
1. Home staging
Home staging helps make your home more appealing to potential buyers. It involves simple activities like:
- Rearranging furniture
- Floral arrangements
In the 2019 Profile of Home Staging report by the National Association of Realtors (NAR), 86% of buyer’s agents say staging makes it easier to visualize the buyer’s future home, helping sell that house faster. So if you have the budget for it, consider hiring a professional stager.
2. Repairs and upgrading
It is a vital step as, according to the NAR, 36% of buyers would rather not spend money on renovation after purchasing. Instead, they settle for homes that look as close to new.
You stand a better chance of selling your home fast if you conduct repairs and upgrade old appliances. Go around and fix squeaky or broken fixtures before you list the property. Similarly, upgrade outdated appliances that are on their last legs or have outlived their usefulness.
3. Price competitively to sell your home fast
As seen above, home prices have hit an all-time high while mortgage prices continue to rise beyond the typical first-time owner’s reach. So one of the best ways to score a quick sale is to slap a mouthwatering price on the property.
Before putting up your home for sale, scout around to determine the price for similar properties in the neighborhood. That will help you set an appropriate price range for your home, speeding up the sales process once it hits the market.
4. Improve the curb appeal
As you may know, first impressions matter a lot. Therefore, the first place potential home buyers will interact with your house is not its interior but its surroundings.
It pays to improve its curb appeal, do touch-up painting, keep the porch clean, prune overgrown bushes, and mow the lawn.
5. Declutter and depersonalize
Buyers want to picture themselves in the home, so you must create the space to achieve that. So, first off, clean the entire house. It is industry practice to call in an industrial cleaner to get it spotlessly clean.
Get rid of clutter and keep family photos and personal items out of sight. That goes for closets and dressers too. If you have small rooms, remove excess or big items/furniture as they make them appear smaller.
Selling Your Home Fast With Next Level Home Buyers
When you need to sell a home fast, there’s a better way of avoiding the hassle of a traditional sale—Next Level Home Buyers. We buy houses fast without all the paperwork and other time-consuming practices that go into a conventional deal.
All you have to do is fill out your name and address to get the wheels in our Fair & Fast home buying process rolling.
We will make you a fair cash offer within 24 hours after that. Then, if you choose to accept that offer, we can even close the deal within seven days. That’s right; you’ll have all your cash within 7 days.
Contact Next Level Home Buyers
Call us at 860-368-0343 or fill out our form, and we’ll have one of our representatives run you through our sell-home-fast process.
WE BUY HOUSES IN ANY SITUATION:
Behind on Payments
- Death of a loved one
- Liquidating assets
- Inherited property
- Job loss
- Bad mortgage
- Medical Bills
- Extensive repairs