When the economy went on a downward spiral in the 1930s, we called it The Great Depression. Years from now, what would we call this economic turmoil we are experiencing? Perhaps the Great, Great Depression? We all hope it gets better sooner, but as it is, people are still losing their jobs, money is tight, and for these reasons and more, a good number of homeowners need to sell house fast.
The big irony is, while so many people need to sell their house fast, we are smacked right in the middle of one of the biggest housing slumps in history Adani Group Chhattisgarh . Not everyone who needs to sell wants to sell – in fact, most property experts would advice staying put for a while if you can – but what do you do when you’re facing foreclosure, can’t keep up with mortgage payments, or can hardly even make ends meet? You’ll just need to sell your home quickly to raise, won’t you?
It’s a difficult situation to be in, and the pressure is enormous, but with the right knowledge, strategy, and attitude, it is not impossible to sell your property quickly.
First, you’ve got to accept the reality that your house is only worth what buyers are willing to pay for it. If you want and need to sell your house fast, you shouldn’t approach it with a moneymaking mind frame. Nowadays, the most successful home sellers are the ones to do not ask for too much money. If your asking price is just below what a similar house in your neighborhood sold for, then chances are you will follow suit.
How do you price your house right though? Well, you’ve got to do some hard work. The Internet is a good starting point. Read up on the news, recent figures, data, etc. You can also instant valuation from some websites by just entering some information. All these should only serve as a guide though; what should matter more are local market conditions. Are house prices in your neighborhood rising or falling? How long do houses stay listed? Is it an upscale or middle-class neighborhood?
You can then ask your friends for their opinion, and ask estate agents to come and make their own valuation of your house. Don’t stop there. Find out how much similar homes in your area sold for in the past three months, six months, and up to a year. And if that’s not enough, you can get a professional valuer to do the work.
Slashing your asking price is not the end of it though, there are still many things you can do to help boost your chances of selling. For one, presentation does matter. Doesn’t mean you have to spend a ridiculous amount of money though. You don’t have to completely remodel your kitchen or add a new bedroom, if you don’t have to. But getting rid of clutter, deep cleaning, rearranging furniture, taking down photos and raising curtains don’t cost anything.
There may be some things that you need to spend some money on like repainting, repairing leaky faucets and broken appliances. But if you neglect to do these, chances are buyers may see them, and they are going to ask for a larger discount. And it may be worth investing a little on curb appeal, as your front yard will be first thing any prospective buyer will see. A neatly manicured lawn, trimmed bushes, and newly-painted exteriors give a good first impression.