There is no short answer but keys to the success if you want to sell your home quickly. If you've had your home listed on the market for some time, you might also be wondering why your home isn't selling. Both go very hand in hand and are important to the successful sale of your property.
- Price is everything - If you are under financial stress and have already accepted to take a loss, then pricing your home under market value based on your Comparable Market Analysis (CMA) is one of the fastest ways to help sell your property. Of course, a home which as been correctly priced can still sell fast depending on the current market conditions and based on other factors listed below.
- An appealing home - First impressions are everything when it comes to real estate. If you're living in an older home with dated furniture, then Home Staging might be an option to bring up the appeal of your property. Make sure your home is market ready by fixing up any minor damage, remove any oders, paint where you can and make sure the house is clean to a hospital grade standard. All simple things which don't cost the earth and will reduce the chance a potential buyer walking away based on a bad visual appeal.
- An active market - Choosing the right time to sell is just as important. If the market has no one looking to buy, then naturally it will take longer to sell. This is what is called a "Buyers Market". If you're working with a real estate broker to sell your home, they will advise you if it's the right time to sell or if you should wait until market conditions in your area improve.
Something to consider is how unique your property is in it's nature. This comes back to when you are looking to buy a property as well. A property which is unique in nature has a higher chance of selling than the other 30 condo units next door trying to sell at the same time that don't vary much in nature.
Feel free to Contact Us if you have any questions about selling your home, or just want to know how much your home is worth, we offer a free no obligation property evaluation to home owners.