When real estate markets are hot, you hear about it everywhere. You’ll hear the local news talking about the supply running low or houses that sold for well above the asking price. These reports can signify that it is a good time for you to sell. That said, you might need to work if you want to sell your home quickly in a hot market.
What do you need to do to make sure your home sells quickly? Check out our tips for selling a home fast in a hot market.
Competitive pricing is one of the most effective strategies for selling a house fast. In a hot market, you won’t need to go below market value to attract buyers. Any discount is sure to get attention. And it doesn’t even mean you will sell for a lower price. In a hot market, the sale price could climb as buyers compete for the property.
Regardless of the market temperature, you need to put your best foot forward. Make sure the house is clean and free of clutter or your personal items. You might even want to consider hiring professional cleaners. Moving all but the necessities to a storage space could be a good way to prepare the house for potential buyers.
Don’t wait for the property to be in escrow to have the home inspected. The last thing you want is a surprise inspection issue when a buyer is looking into the house. Sellers can avoid all sorts of problems by getting ahead of the issue. You could choose to fix the issue or plan to deal with it as part of the sale.
From a disclosure standpoint, if you’re providing a complete home and pest inspection, it will be harder for the buyer to come back later and say that items weren’t disclosed. This could save you money in attorney’s fees.
Handling repairs before a sale is always a tricky issue. It would be best to consider whether the work will provide a return on investment. While you might want to avoid some repairs, tackling the easy stuff will help your home sell faster. Fix your leaky faucets and tighten loose doorknobs. If you feel ambitious, you could repaint rooms or refinish the front door. It would be best if you also considered cleaning up the landscaping to boost curb appeal.
One final tip is to have a good team on your side. A real estate agent will be able to help you market the home and provide tips to attract more buyers.
Contact Borrouso Realty if you are thinking about selling a home in Old Metairie. We have experience in the local real estate market, and we can help you reach your goals.
Thanks for visiting!