CandS Homes.com Blog
Know Before You Sell: 7 Tips To Selling Your Home Quickly
by Colm McCormack
Throughout the U.S. people find themselves in situations where they must sell their homes quickly. Whether it is due to a divorce, a change in their financial situation, or because they must quickly move out-of-state, hundreds of thousands of homeowners attempt to quickly sell their homes each year. However, the majority of these homeowners find themselves losing out on tens of thousands of dollars when they fail to follow a few crucial pieces of advice.
Sell Your Home Quickly And For Top Dollar
Selling your home quickly doesn't mean that you have to miss out on receiving a top dollar sale price. In fact, the following seven tips can not only help you to sell your home quickly, but they can also help you to receive the highest sale price for your home.
1) Price your home right from the start. -- All too often sellers will undervalue their home in an effort to sell it more quickly. While this tactic might help to sell the home quickly, it doesn't offer the seller a chance for greater financial gain. Instead of pricing your home too quickly, make sure that you price your home in the "sweet spot." The "sweet spot" will be the figure that is just below the high asking price and just above the low-ball asking price that you might have been tempted to initially give your home.
2) Enhance your home’s curb appeal. -- If you need to sell your home quickly, then the last thing on your mind might be conducting small home improvement projects. However, studies show that simply enhancing your home's curb appeal can go a long ways towards attracting Realtors and Real Estate investors to your home. Whether you choose to add new sod, paint the exterior of the home, or place fresh flowers on the front porch, enhancing your home's curb appeal is a sure fire way to attract buyers.
3) Properly light your home. -- Creating a warm and inviting home is a great way to help you quickly sell the house or condo to an eager buyer. Maximizing the light in your home can be achieved through a few simple steps. For starters, make sure that you take down any heavy drapes and clean the windows. Next, increase the wattage in your light bulbs and change the lampshades to create a softer, yet bright and inviting lighting throughout the house. Finally, make sure that you trim any bushes near the window. Whenever possible you want to make sure that the natural light can easily stream into your home.
4) Don’t fall into the pattern of too many costly upgrades. -- As seen in tip number two, a few quick upgrades that bolster your home's curb appeal can help you to more easily sell your home. However, before you become caught-up in the DIY whirlwind, make sure that you take a moment to think about the true cost of your projects. Instead of completing massive home makeovers, choose to instead complete a few small upgrades. For example, forego the kitchen remodel and instead choose to paint the kitchen walls and update the accessories on the cupboards and drawers. In short, upgrades should be completed if and only if they will help you to sell your home more quickly, and at a higher dollar amount.
5) Make the residential property easy to show. -- The more flexible that you can be about home visits, the more likely it is that people will come to see your home. Make sure that your home is ready to show with only a little notice, and expect that prospective buyers and investors will show up early in the morning, late in the evening, and even on weekends. With this in mind, at all times your home should be both warm and inviting. You want to encourage the prospective buyers to feel at home, so that they are willing to quickly make you an offer that you can't refuse.
6) Make sure that your home is listed as "for sale" on all of the major online portals. -- When it is time to sell your home, you want to ensure that you have actively marketed the home to the largest number of interested buyers. To ensure that the maximum number of people can view your home, you will need to list it on the MLS, as well as with several major online portals, including: Zillow, Trulia, and Realtor.com.
7) Provide a helpful buyer's packet to Real Estate investors and prospective buyers. -- Whether your prospective buyer is a Real Estate investor or a person simply looking for a new place to call home, you should take the time to create a buyer's packet. Within the buyer's packet you should include information about the top schools, the local neighborhood, the town, local schools, and the lifestyle that a buyer could achieve if he or she was to own your home. Remember that when you are selling your home, you are also selling the surrounding area to any potential buyer.
The Bottom Line: Homeowners Can Easily Sell Their Homes For A Top Price
If you need to sell your home quickly, then you need to implement these seven helpful tips so that you can more readily sell your home quickly and for top dollar. With the help of this and other, educational blog posts, you will be able to capitalize on the prospective buyer's desire to purchase their home.
CandS Homes.com Blog
Selling To An Investor vs. The Traditional Home Sale: How Can You Benefit?
by Colm McCormack
It is no secret that the Real Estate market has changed over the past decade. Post-recession, Real Estate investors are constantly on the lookout for new properties that they can purchase, and quickly re-sell. In fact, it is partially due to the collective tenacity of Real Estate investors across the United States that 4,940,000 existing homes were sold in 2014, according to the National Association of Realtors®. While the majority of these homes were sold as part of a traditional home sale, the remainder were sold to Real Estate investors.
Understanding The Benefits Of Selling Your Home Quickly To A Real Estate Investor
If you want to capitalize on your ability to successfully sell your home, then you need to understand the differences between selling your home to an investor vs. a traditional home sale. It is important to note that a Real Estate investor is interested in quickly acquiring your home. Much like a stock broker wishes to buy a certain stock at exactly the right moment, so too will a Real Estate investor wish to purchase a desirable home at a specific price, location, and condition. Since Real Estate investors are typically interested in re-selling the home, or the surrounding land, they are usually motivated to buy the home quickly, which can result in a few benefits to you, the seller.
When you sell your home to an investor, you can potentially enjoy the following benefits:
- Flexible Payment Options – Real Estate investors have the ability to offer a variety of payment options to homeowners. For example, a homeowner might receive cash, certified funds, or pre-scheduled cash payments. A Real Estate investor might offer to take over the existing mortgage, while also offering a small cash payment. The varied forms of payment make it easier for a seller to find a financial solution that suits their specific needs.
- Cash Offers – In the majority of instances, a Real Estate investor will be willing to pay cash for a home. Generally speaking, a Real Estate investor will even pay cash for a distressed home that is in need of repair. A cash offer is particularly advantageous for a homeowner who is struggling to make mortgage payments, while their home is on the market.
- Selling “As Is” – A Real Estate investor will typically purchase a home "as is." As the seller, this means that you can avoid costly repairs that would otherwise be considered a part of your financial responsibility. In purchasing a home "as is," a Real Estate investor also avoids paying for home inspections and appraisals, which are strongly considered factors during a traditional home sale.
- Fast Closings – Did you know that there are some Real Estate investors who can close on a home within seven days? Since the Real Estate investor isn't dependent on approved financing, he or she can bypass many of the traditional home sale steps in favor of expediting the closing process. Keep in mind that a regular home buyer will typically need to wait for financing, the results of the home inspection, and the final appraisal value. All of the latter factors can slow down the closing process.
Contrary to a Real Estate investor, a typical home buyer will have to follow the traditional path to home ownership. The steps for a traditional home sale include:
- Shopping around for a home.
- Making an offer on a home.
- Getting the home inspected.
- Working with a mortgage broker to receive a loan.
- Having the home appraised.
- Working with the Realtor and current homeowner to draw-up the necessary paperwork.
- Closing on the home.
In addition to considering financial options, during a traditional home buying experience, the buyer will also need to consider how long they intend to own the home. If the buyer intends to own the home for a long period of time, then he or she might be less lenient on any of the possible issues that are discovered during the home inspection. In other words, the buyer might be less interested in buying the home "as is."
While a traditional home sale does share many similarities to an investor transaction, it does have a few notable differences.
- A buyer will typically need to have financing, before they can make an offer on the home.
- A buyer's Realtor will typically recommend that the home is inspected, before the sale is finalized. A home inspection can increase the time period between the offer and the final sale.
- A buyer might walk away if the home inspection does not yield favorable results. Conversely, the buyer might use the results of the home inspection as the leverage needed to encourage the seller to conduct necessary home repairs.
- The seller will know who he or she is dealing with. Unlike a Real Estate investor, in a traditional home sale a buyer will work with a licensed Realtor. The seller can look up the Realtor's credentials to ensure that he or she is reputable Real Estate agent.
- When a buyer is motivated to purchase the home, he or she is more likely to make an offer that is close to the asking price. Since the buyer isn't paying with cash, he or she will have the financing needed to typically pay the seller's asking price.
The Bottom Line: Homeowners Are More Likely To Quickly Sell Their Homes To Real Estate Investors
While there are always exceptions to a rule, generally speaking, a homeowner is more likely to quickly sell their home to a Real Estate investor. When Real Estate investors see properties that they wish to purchase, they are equipped with the cash needed to make an immediate offer. With the help of this, and other, educational blog posts, a savvy homeowner will be able to capitalize on the Real Estate investor's desire to purchase the home.