Do you know the average time to sell a property is 1-2 months? It might take longer if your house is in a distressed condition or unsafe locality! With so much competition in the real estate market, chances of getting a good deal are less.
Don’t get disappointed and multiply your stress listening to such remarks, because it’s not always like that. There are thousands of home buyers in NY who are actively seeking a property to live. With proper home selling strategies, you can definitely rack up a favorable opportunity and sell your property fast. Therefore, keep a positive attitude and embark upon your home selling journey.
We have compiled a list of 10 easy and effective tips to sell your home fast…
1. Right Property Evaluation
Every home seller feels that his property is the best. Now, this notion doesn’t emerge due to arrogance or ego it is simply a result of the attachment one has with their house. However, this ‘attachment factor’ may become a barrier in the home selling process. Potential home buyers won’t be concerned about such things. They just want to buy a good property at affordable rates. Therefore, you should take care of the practical aspect and decide a price according to the rates of property in your neighborhood and the condition of your property.
2. Choose the Right Time
There’s always a right time for everything – This saying is true even when it comes to real estate affairs. Logically, summer and spring season are considered to be the best seasons to sell or buy a property because buyers usually explore the properties during the warm season and refrain from going out during the winter season. Therefore, you must pick the right season for selling your house fast.
3. Hire an Experienced Real Estate Agent in NYC
Never opt for a real estate agent who’s offering you services at cheaper rates. Instead, look for an experienced real estate agent who can help you find genuine home buyers. Don’t worry about their fees because they will make sure you get a quick and good deal. So, do thorough research of real estate companies in New York and choose the best one.
4. Clean and Declutter Your Home
Nobody likes a dull and depressing ambiance especially when they have to live there for a long term. Imagine a potential home buyer comes for your home inspection and all he/she sees is a cluttered and untidy home. Will they invest in such a property? To be honest, no one will be interested in such real estate venture. Remember that the first impression is the last impression. So, it’s imperative that you present the home in a decent manner. The simplest way to declutter your home is removing the unwanted accessories and sanitizing the entire space.
5. Make Clever Upgrades to Your Home
Merely cleaning the home is not enough. You have to make some clever upgrades for amplifying the overall look and pitching the buyer for a competent price. If your budget allows, start with a fresh coat of paint, repair the damaged cabinets, and ensure your plumbing, and drainage system is in working condition. In addition to this, hire a caretaker who will maintain the home until it gets sold.
6. HD Images for Property Listing
Property listing is a great way to convey to the buyers that you are interested in selling your home as soon as possible. Furthermore, the majority of people check the images on the property listing page before they proceed to contact the home seller. Poor quality images of your home can make the home selling opportunity slip off your hands. Therefore, hire a professional photographer or ask your real estate agent to do the needful. This investment will surely prove fruitful.
7. Emphasize on the Best Features
No house is perfect but, every home has a USP (Unique Selling Point). For instance, you might have a sea-facing house, or your house might have a larger space. You have to figure out the best feature of your home to convince the buyer for closing the deal in a hassle-free way.
8. Traditional Way of Advertising
In today’s world, where everyone relies on modern means of advertising, you can try advertising in a traditional way. By ‘traditional way’, we don’t mean printing ads in the newspaper, simply by word of mouth or putting a huge signboard on your home can work wonders. You can also put an ad on the backside glass of your car.
9. Harness the Power of Social Media
If you are tech savvy and don’t believe in traditional methods, try to be a little creative and adapt unique ways to advertise your home for sale because the online advertising competition is very high in real estate market. You can start by shooting a video of your home and share it on famous social media platforms like YouTube and Facebook. In addition to this, you can make a catchy post and ask your friends to share it with their contacts.
10. Behave Politely with the Potential Home Buyers
We are so focused on commercial aspects that we often overlook the power of polite behavior. Sometimes, polite behavior can invigorate a trust level on the home seller and help them crack the deal smoothly. Therefore, no matter how tired or frustrated you are, always behave politely with your potential home buyers.
These tips will surely prove to be a schlepper in selling your home fast. Furthermore, you can contact reputed ‘we buy houses for cash’ companies in NY like ‘Elite Properties’ for greasing the wheels of your home selling jaunt. Being one of the renowned facilitators of real-estate services in NYC, they assist their customers at every step. Therefore, keep patience, connect with Elite Properties, and soon you’ll find a perfect buyer for your home.
Buying your house might have probably been one of the most significant investments you’ve ever made as a homeowner. But as time passes you might feel like your “All American Dream” fell a bit short.
Spending every lunch break and recess time surfing through the local real estate listings might help you in knowing the current market value of your property, but it’ll never tell you the right time to sell it. Trusting your basic instincts and moving forward with selling your house might lead you to a large pit rather than filling your bank with dollar bills. Well, if you are confounded with the jejune offers you got for your property, step-down from selling your house. Our life can take unrealistic and unpredictable turns here and there. This might leave us in a financial crisis or even a mental crisis. Maybe it might also force you to sell your hard earned house to meet the immediate money needs. But, you must make sure that selling your home should be your last resort before jumping to conclusions.
Knowing the right time to sell your house has always been challenging and a daunting task. One must be aware of all the market trends and anti-swindler strategies before ripping off the Band-Aid and selling his/her house. Here are some signs which can help you to understand that it is officially the time to part ways with your house…
1. Your Family Grew and Doesn’t Fit In Anymore
Your current house must have felt perfectly comfortable when you were newlyweds. Well, a 2bhk apartment or a condo must have been sufficient for both of you. But as time passed by, you began thinking of adding a new member to your family. Times were joyous and momentous with the new baby’s arrival, and you were living the dream. Fast forwarding a few more years, now you have a dog, toddler, and a new baby on the way which makes your house ill-fitting for accommodating all. This is the moment you must decide you need a bigger home to provide the needs of everyone.
While searching for the optimal house, make sure your kids get independent rooms to sleep in and have ample space for storing all toys and amenities (especially for babies). Getting a house within a limited period might be challenging, so it would be a wise decision if you start looking for remodeled homes or hire an experienced real-estate agent.
2. You Know The Market is Active and Strong
Living in a potential property market can be intriguing and at the same time exciting. The constant proposals from real-estate agents and brokers making your mornings miserable and the periodic ‘sold-out’ boards that pop up in your neighborhood might urge you in selling the house. And don’t forget how your neighbor managed to gain a fortune just by selling his/her house.
The key to finding whether it’s the right time to sell your home depends on the market. If the market is hot, you must go for it without any second thoughts. For example, consider you bought your house in late 2008s for a whopping $870,000. Within a decade your locality has flourished, and the property market has shot up with the arrival of a new highway or a metro station. Now, you might have offers for your house starting from a minimum $1,050,000. You got two options, either wait for the price to upsurge more or sell it now and start fresh somewhere else with a hefty profit.
3. You Are in Need Of Some Immediate Money
We’ve mentioned how life can take unexpected turns. If selling your house is your only way out from a gruesome incident, then you must go for it. But, make sure selling your home is your last resort and not your first option. The money you get from selling your house can indeed help you out from this temporary financial situation, but it will leave open the gates for a homeless life if you don’t plan the whole situation with negligence.
Selling your house to “we buy houses for cash” companies might be the best alternative if you need some immediate money.
4. Your House No Longer Fits Your Lifestyle
If your lifestyle has changed drastically in these past years and your house isn’t providing you with all your needs, then you must consider selling your home. Well, what would you do with a mansion, when all your kids have moved out and you barely use the rooms apart from the living room and bedroom you sleep in?
Another scenario can be jobs. Your company might assign you to a different place for job purposes which in turn extends your commute. What if your new office is on the other side of the state? Selling your house and looking for a new one in the locality of your new office might be the best possible solution you have. Finding a new home immediately might be difficult. Hiring a professional property agent and signing for a remodeled house can meet your immediate house needs.
5. You Need To Save Yourself From Foreclosure
Facing foreclosure? Selling your home to save yourself from foreclosure is a pretty good idea if you have no other way to pay your defaulted mortgage. Inform your mortgage provider and agree with listing your house under short sales. Short sales will grab the attention of many property dealers, property agents, and potential property buyers. If you are lucky enough you can land a great deal which can save you both from foreclosure and bankruptcy. Well, all you need is a short sales expert by your side.
6. You Have a Distressed Property
Keeping a distressed property or being an owner of a distressed property is a headache. The trouble of finding a buyer or any interested agents might be challenging. Since these properties aren’t in good shape with almost nil repairs and refurbishments, assigning a proper price tag for these houses can get real tricky. Most of the owners might nod unwillingly for a price tag which is far too less than the market value.
Keeping hold of a distressed property is a hectic situation where the owner might even be willing to sell the property at half the price. Well, it all depends on buyer’s ability to negotiate. So, selling your distressed property won’t help you much financially, but it can eliminate any future complications. Selling your house to companies that buy houses in any condition can be a great opportunity to start your career in real-estate.
There are many “we buy houses for cash” companies in the market. Selling your house to companies that buy houses for cash can help you land a great deal without any hassle. Hiring a real-estate agent might be the best possible decision you can take in selling your house immediately.
The aggrandizement of services that aid homebuyers and sellers in completing their own real estate needs is relatively recent, and it may have left you pondering whether procuring a real estate agent is becoming a relic of a bygone era. Going solo when it comes down to real estate might save you a handful sum of money by cutting down the significant commissions you need to pay the agents. Well, the question is: Would you rather try flying solo or reach out for a helping hand?
Buying or selling a property even in a buyer’s market is challenging and time-consuming. A significant proportion of people doesn’t trust or rely on real estate agents to meet their needs. However, these guys will be forever missing the luxuries of what a real estate agent can bring to their plates. Buying and selling properties indeed take time, and with the help of the right expert, one can surely save a lot of time and make things hassle-free for themself.
Here’s how hiring a real estate agent can assure you in achieving the ‘all-time American Dream’ of owning a property in your name…
1. Hiring an Expert
Rather than being entitled as an agent, they prefer being called experts. Real estate agents are the best when it comes to their line of business. You’ll experience the pinnacle of professional real estate services by hiring a property expert. Right from negotiations to the final settlement of the price, they’ll act as a loyal mediator between you and the seller omitting you from all the hectic formalities and paperwork.
Negotiation is a tricky business, and there’s an excellent chance that the other party can easily bamboozle one without an adequate record of experience in this line of business. A real estate expert has enough experience when it comes down to revealing all the ambushes and deceptions and taking countermeasures. So, whether you are selling a property or buying one, hiring a real estate expert will always give you the upper hand.
2. Are The Encyclopedias of Property Listings
Finding a house with your specific interests can be challenging. If you are a working person who rarely gets time to spare, this becomes even more challenging. Moreover, what if the house with your interests is on the other side of the state? This is where a real estate agent comes in handy! They have an enormous database of property listings that can match your interests. Tell them what kind of house, neighborhood or even locality you need, and they can present you with the shortlisted properties which resemble your attention. All you need to do is pick one.
Most of the real estate agents have a secure and robust network when it comes to property listings. They make use of these networks to keep in touch with all the property owners and sellers all over the state. By hiring a real estate agent, you are not only experiencing hassle-free services but also given access to the network mentioned above of extensive property listings.
3. Saves Time and Money
Roaming around your locality or neighboring state in search of available properties can drastically eat your time and money. Well, we would say there’s no point in drifting along with the current without a destination or goal. With the aid of a property dealer, the path towards your target will be apparent, and you can set the course at full speed. Property dealings always include a lot of paperwork and legal procedures and don’t forget the expenses too. A real estate agent can volunteer for you to take all the trouble of hefty paperwork and costs providing you with the ownership of the property or house.
For example, selling a property which is listed under foreclosure or short sale is pretty challenging and hectic. Most of you might feel like you are going through the most terrible phase of your life. With the property listed under foreclosure or short sales even, interested buyers might back off thinking of all the legal troubles they might need to go through. By hiring an experienced real estate agent, selling your foreclosed or distressed properties will be quicker and more straightforward.
Still not convinced in hiring a real estate agent?
Let us brief you up with a few more scenarios in real estate business. When stepping into real estate business, most of you might have come along the terms like foreclosure, short sales, distressed properties, estate sales, probate sales and much more. Hiring a real estate agent will make it easy to acquire properties which are under these complex scenarios.
a. Real Estate Agent For Foreclosure
Foreclosure of property occurs when the borrower fails in paying the mortgage he/she is obliged to pay the property owner. Even though the number of foreclosed properties are gradually decreasing in number these days, they still do exist. As for a buyer looking for a potential property, there’s a fair chance that a foreclosed property might exactly be the house in his/her dreams. However, the reality is pretty much harsh. Instead of a smiling face handing over the key to the property, you’ll be welcomed with a ton of paperwork and legal procedures which can even last up to minimum seven months. The same happens when you are trying to sell one too.
With a real estate expert who knows his way around the market and its characteristics, selling or buying a property in foreclosure doesn’t plot an issue. Since they are experts in their line of business, finding a buyer for your foreclosed home will be more comfortable. Their motto is to help you by leaving you out of all the troubles providing a hassle-free business deal. You need to select the shortlisted buyers provided by the agent who are willing to give you a fair deal for the property.
b. Real Estate Agent For Short Sales
A short sale specialist or a lawyer? This might be the first question that comes to your head when planning to list your property for short sales. Opting for a short sale specialist rather than sticking to a lawyer can help you in many ways. Since lawyers only know about legal procedures that need to be presented in the court regarding the property they won’t do much help in advising what to do and what not to do when going for a short sale. A short sale specialist has completed thousands of these cases and is much more experienced when it comes to such scenarios. They can even find you a proper buyer for your property who can provide you with fair and desired price. Don’t forget that the legal procedures will be taken over by the agent itself, which indirectly implies they’ll be providing everything a lawyer can provide.
c. Real Estate Agent For Distressed Properties
Distressed properties have always been a headache for property dealers. These are the properties that are rarely maintained or nearly distressed but still packs a punch. Finding potential buyers for your distressed property can be challenging and daunting without a property expert. They are professionals in negotiating and convincing buyers to buy the property. The same goes when you are planning to buy a distressed property to save your wallet. Since every distressed property isn’t approachable even though they look promising from the outside. With an expert beside you who knows what to look for in a distressed property and understand its market value can land you a great deal without hurting your pocket.
The Bottom line
Investing in hiring a real estate agent will always be a boon when planning to buy or sell a property. They can lead and guide you in the right way to meet all your real estate needs.
Are you planning to buy a new property? How about a distressed home?
Buying a distressed property might hold the key towards your dream home or a considerable fortune. A distressed property is put up in the market for auction when its owner is unable to repay the mortgage that he/she owes to the property lender. Even though finding potential distress properties are a lot challenging than it seems, with the help of an experienced real-estate agent it can be as easy as a walk in the park. Some of these might be ready for immediate occupancy while others may take ample time.
You might have come across a lot of responses (both negative and positive) from different people when you tell them you are planning to buy a damaged home. Well, we won’t be ruling out every aspect they say, but getting a property at a prime area and that too at an indubitably amazing price tag does seem tempting. If you are still doubtful in getting one, read some of our takes on it before discarding the idea completely.
Here are some of the reasons on why you should buy a distressed property…
1. The Price Tag
Well, the main catchy factor is the price tag itself. A distressed property is usually listed in the market for an enticingly throw-away price than its market value. Since most of them are almost broken down homes, home lenders are lurking the market for a proper buyer.
Not every distress property can be a great deal for you. Make sure you know your way around real-estate scenarios before buying the property or get the help of a trusted real-estate company to experience the whole procedure with no hassle.
2. A Stepping Stone to Your Real-Estate Career
Buying a damaged property might seem frivolous, but it could hold the key to a great fortune. If you are planning to invest in real-estate, then getting a distressed property might be a fair choice. Since their price is less than that of the market price, you can save an ample amount of money too. A few repairs here and there will make it approachable to flip. So, if you are planning to build a career as a home flipper, finding and buying distress properties can give you a head start.
3. Own a Property in Prime Locations
Buying properties in prime locations like Brooklyn, Queens, and Manhattan can be pretty harsh on your bank balance. So, for these top areas, buying a distressed property rather than a new one will benefit you in many ways. You’ll not only get the property registered in your name but also can enjoy the luxuries of the city. Find a good interior designer to spice up your interiors and you are all set to go!
Most of the properties listed under foreclosure and short sales might be damaged or quoted as a distressed property. This means the price tag for these properties can vary depending on the home lender. You’ll be having the upper hand in deciding the price when approaching an owner of distress property. Since most of the owners try to get rid of the property as soon as possible, they might even agree for a price cut as less as 15% or more (totally depends on your negotiation skills!).
In some cases, a distressed property might require complex paper work, which in turn delays the whole business process. With the help of a qualified real-estate company, you’ll have the luxury to leave all the complicated tasks to them and acquire the home right away. Other than this, having a trustworthy distress property specialist will help you in finding the best properties listed for sale and that too for a great deal. Be patient and educate yourself and work with professionals who can recognize the gross value and the future value of property just by seeing it.