Attempting to sell a house in a typically slow-moving real estate market in five days is like trying to attempt the impossible. The typical listing duration of a property is between 90 and 120 days; in some cases, listings expire without a buyer.
It goes without saying that completing a home sale in five days is definitely not the norm. However, this doesn’t imply that it’s impossible. With new alternatives aside from the traditional sales method, selling a house in such record time has become more feasible.
So, if this is the feat you’re trying to pull off, here are 5 tips for selling your house in 5 days.
Hire an Agent Who Sells in Record Time
Although the traditional sales method would likely never see you sell your house in five days, if you want to try, you need to choose a rockstar agent. Ensure they have a track record of fast-moving houses, and have them show you the strategy they would use to make your sale happen.
You could shortlist the best three agents in your area and interview them to pick the very best. Here are some of the vital interview questions you should ask:
- How many properties with similar characteristics to mine have you sold in recent times? Working with an agent familiar with selling homes similar to yours is a great idea. This is because they already have practical marketing strategies, and they can refine it to work for yours.
- What are your online marketing plans for my property? Statistics from the National Association of Realtors (NAR) indicate that 96% of home shoppers begin online, with 50% checking on their mobile devices. Younger buyers come in at a whopping 75%, implying that the agent must have strategies to target this demographic — mostly web and social media—request for their metrics that show impressions, web traffic data, and previous clients.
- How many days do properties you market spend on the market compared to others? The metric ‘days on market’ is the days between when a property is first listed on the Multiple Listing Service and when it is sold. You’d need to work with an agent who moves homes faster than is typical.
Lower Your Selling Price Slightly
Your pricing is a critical component of determining whether your home gets sold. You don’t want to overprice, or you likely won’t get any offers. When determining your price, your agent should review the prices of comparable homes.
Armed with this knowledge, they should price slightly below the average. This is a strategy to get buyers interested and move fast. A house priced below the average market price is the recipe for a bidding war. So, in addition to selling in record time, you could sell for more than the price tag you put on the house.
Provided it’s a seller’s market, there’s a good chance that this would happen. On the other hand, if it’s a buyer’s market, this strategy may not bring the same results.
Offer Incentives
Incentives are often a bonus to make your house stand out and attract more buyers. Marketing with an incentive can make the difference between selling in record time and staying on the market for a long time. Here are some incentives that you can offer.
- Offer a repair credit: This is an incentive and a tool to avoid extensive negotiations, especially post-inspection repairs. You can offer a flat fee of $5,000 or $10,000 for repairs.
- Offer to cover buyer’s closing costs: Many buyers want to save as much as possible on home purchases, especially given the rising prices. So, offering to pay closing costs running into thousands can attract many buyers.
- Cover HOA fees for the first year: You can speed up negotiations by offering to pay the buyer’s HOA fees, saving them hundreds or thousands of dollars.
Declutter
Some things that might appear seemingly small could play a major role in helping you make your home sale. Decluttering is one of such seemingly minor things. To start with, decluttering can raise your home value by up to $2,500.
With your stuff out of the way, prospective buyers have it easier visualizing what their lives in the house would look like. They can picture the places perfect for their belongings. Leave in only what you need for staging, mainly key furniture pieces, and take out everything else.
Ensure to remove personal effects off surfaces, arrange and clean countertops and surfaces, and clear out walking areas and hallways.
Work With a Cash Buyer
Even after implementing all the tips highlighted so far, there are still no guarantees that you will make a home sale in five days. Eleven after getting a serious prospective buyer, the lender-mandated inspection, negotiations, and other activities will take up so much time.
The only surefire way to sell your house in five days is by working with a cash buyer. It’s advisable to work with a local cash buyer, too. For instance, if you want to sell a house fast in San Franciso, consider working with a cash buyer.
You can choose to sell to a local cash buyer and get the cash value of your home in as little as seven days. This timeline is also pretty flexible, depending on the selling timeframe you’re working with.
You get to skip agent fees and the entire listing process, as well as the potential wait for several weeks or months to get potential buyers.
Who’s going to buy? We can help out with that! We buy houses that need serious repairs or are in various other conditions. At dsouzahomebuyers, we can provide you with a cash offer for your house in no time!
You don’t have to deal with any of this hassle. No need for repairs or renovations!
Fill out this form to get the process started, and we could be closing in as few as 7 days! Remember, no fees, no commissions, no closing costs!
If you have any other questions, definitely call us at (925) 503 8193.
Final Thoughts
Selling your home in five days is something you can pull off if you go about it the right way. Ensure you implement the tips highlighted in this article to improve your odds. Finally, to ensure you won’t need to adjust your sale timeframe, work with a local cash buyer.
