The first thought that enters most people’s minds when they need to sell a house fast is to make it look as homely and presentable as possible. Next, would be to get your home advertised as well as you can. However, the major factor in how to sell a house fast is the price!
A good guide as to whether your home is overpriced is to compare how long your property has been on the market compared to other homes for sale in your local area. For example, if properties in your neighbourhood are selling within 2 to 3 months, but your house has been on the market for over 6 months, then you know you have overpriced.
Another reason to perhaps reduce the price is that potential buyers view properties that have sat unsold for a long period of time suspiciously. A buyer’s mind will fill with all sorts of negative thoughts, but mainly that there must be something wrong with your home!
The biggest risk with overpricing is that, the longer your property is on the market, the more often you may need to drop the price. Eventually using this method it may take up to a year to sell and you will receive much less than you had ever hoped for.
One best methods of pricing your home and how to sell your house fast is to visit local open houses. How does the property compare to yours in size and structure? Then visit local real estate websites and again find properties comparable to yours.
Next for pricing, go as close to the market value as possible, but allow yourself room to drop the price lower. Also steer clear of rounded numbers. A property priced at $199,950 is likely to get far more attention than a home priced at $200,000. It’s only $50 difference, but this could save you months of having your home on the market.