The real estate market is moving faster than ever, and people are looking to sell their house as fast as possible. Sometimes, they need to sell quickly. Other times, they just want to get out of their current home in a short time frame so they can purchase another home.
Whatever the reason, it’s important to know how to sell your home fast, in case you decide that you need to. However, a lot of home owners don’t know the techniques necessary to sell a home in their ideal time frame. This means that they spend a lot of unnecessary time trying to sell their home, only to get a lower price. On top of this, trying to sell a home fast can cause a lot of stress if you go into it without the right information.
Selling a home — no matter how quickly or slowly you plan to take it — goes smoother if you do the proper research and planning up front. So here are the 4 factors to consider if you are looking to sell your house fast.
1. Understand Your Motivation
It’s very important to understand why you want (or need) to move. If you don’t have a solid handle on your own motivation, it will make the selling process more time consuming, expensive, and difficult. In fact, this is why most high-quality real estate agents will ask you about your motivation the first time you meet.
There are a lot of different reasons that people want to sell their home. Sometimes, you are relocated for work and need to guarantee that your house sells. Often, you feel like you are outgrowing your house and decide to sell your home while buying another. And sometimes, you just don’t love your current property or location, and want to move somewhere that better suits your needs.
Identifying your motivation is a vital first step to take. It will help you have clarity and focus through the rest of the process — and it will help you better define your ideal timeline.
2. Understand your Time Frame
How fast is fast, when selling a home? Well, it can depend largely on your answer for step #1. If you have been moved by your job or family concerns, you might need to sell your home faster than if you want to move to live in a house that is bigger or more valuable.
Your time frame will also depend somewhat on your local market. This can be especially true if you are trying to sell your house in a slow market. If you are in an area with slower home sales or that has more buyers than sellers, your home sale might take longer. If you live somewhere like Washington, DC, which is a seller’s market, your sale will likely be faster.
A lot of home owners have unrealistic expectations for how long their home sale will take. At the Keri Shull Team, our time on market is 22 days — which is over 60% faster than the average agent. The realistic time frame (as with many other things in real estate) will depend on your personal situation. So the best way to get a better understanding of your realistic time frame is to speak with a real estate team that specializes in your local market.
3. Understand your market
Here’s something that’s important to understand about real estate: every city has a unique market. There are some general tips and strategies that work across many areas, but the true experts know that having local knowledge and experience is key to getting the best price for your home in the shortest amount of time.
If you are planning to move up to a new home, you’ll need to do this twice — once to understand the market that you’re selling in, and once to understand the market that you are buying in. Say, for example, that you are currently living in Arlington VA and are interested in living in Alexandria VA. In this case, it is important to understand the market in both cities.
Does this sound like a lot of work? It can be — which is why it’s so important to work with a real estate team that keeps up with the most current market stats and does the research for you!
4. Explore your selling options
For some people, the best way to sell their home quickly is to list it on the Multiple Listing Service (MLS) and let your agent broker a deal with the buyers. This might be the right option for you if you have a more flexible schedule and are interested in potentially driving a bidding war to get the most money for your home.
In other cases, however, you are more concerned with selling your home fast than anything else. Luckily, there are ways to speed up your home sale if you need to sell your home quickly. One method is to ask your agent about an off-market home sale. Off-market sales are when you sell your home without actively listing it on the MLS, relying on your agent to find a motivated buyer to see your home. Although selling your home off-market reduces the possibility of a bidding war, it also means that you will be selling directly to a highly-motivated home buyer. Usually, if your agent has the right connections, you can find a buyer who will close on the home quickly, rather than drawing the process out over weeks or months.
Another option is to explore an Instant Offer program. These services, such as the Keri Shull Team’s Instant Offer tool, are often the absolute fastest way to sell your home. Our tool works like this:
Once you submit your information, one of our home value experts will come to see your home. Within 24 hours, we will send you an offer to buy your home — it’s that simple! Using an Instant Offer program is convenient if you need to sell your home quickly and don’t want to worry about staging your home for the most value, dealing with stressful home showings, or waiting to receive offers from buyers.
No matter what your time frame is, it’s important to inform yourself before going into the home selling process. The 4 factors laid out above are a good starting point — but the specifics will depend on your own needs and situation. The best way to make sure that your home sale is in good hands is to contact the Keri Shull Team today! Our home value and market experts are standing by to help you create a personalized home selling plan that matches your needs and goals.
Need to sell your home fast?
The Keri Shull Team offers you several unique solutions to selling your home fast and for top dollar!
In addition to the instant offer program where we give you a very competitive cash offer on your home in 24 hours we have a very popular seller guarantee program which many of our clients have taken advantage of. In our seller guarantee program, if we can’t sell your home in your time frame and at your desired price we will buy your house from you no questions asked!
Our marketing team’s extensive knowledge and online marketing expertise will get your home in front of the right people to ensure that your home sells fast. Because of our extensive marketing efforts over the years, we currently have thousands of leads that are waiting and highly motivated to buy a new home!
If you are ready to get started and learn more about how the Keri Shull Team’s unique structure, marketing expertise, and local knowledge can help you sell your home faster, for a better price, and with absolutely zero extra stress, then click here and schedule a time to meet with us today!