As the United States begins to bounce back from the pandemic and social distancing eases across the country, you might be thinking that now is a great time to sell your home to upgrade to a new one. A home sale can be a lengthy process but there are some strategies to fast-track it. Here are some steps to keep in mind as a home seller for you to get started.
Find the right agent
When it comes to finding the best Toronto realtor, or similar agent to assist you when it comes to selling your home, you must make sure that they know everything there is to know about your desired real estate market. If you don’t already have a real estate agent who has this knowledge, you might find it overwhelming to search for one that does – not to mention that picking the best real estate agent can take time. However, there are some short-cuts, like asking friends or neighbors for recommendations. When you do find a few top candidates, you’ll want to review their experience selling homes with a tight deadline, such as asking them for their typical selling timeline, and the number of homes that they have sold recently.
Get your online marketing lined up
To sell your home fast, online marketing will be a powerful tool to showcase its best features to potential buyers – even buyers who may not already be living in your area. Online marketing has always been a must, but even more so in 2021, with people already used to virtual everything from yoga classes to meetings to online courses. Online marketing might include a website listing for your home, a virtual tour, and social media posts both through your agent and your personal profiles.
Assess the benefits of for sale by owner
Hiring a real estate agent to help you sell your home has its advantages, but it comes at a price. When you hire an agent, you might expect to lose 5 to 6 percent of your equity paying the agent’s commission. However, selling your home yourself will save you from those fees. According to top agent insights, much of the United States is currently experiencing a seller’s market. There are more buyers than homes available, and this creates a situation where you might want to see if “for sale by owner” or FSBO can work for you. You could also make use of fsbo leads as they could come in handy when you’re trying to sell a property.
Consider cash offers
If you want to sell your home fast you might think about alternative options for a quick home sale, like a cash offer, rather than the typical mortgage. While cash offers can get the job done quickly, you’ll want to be aware that you will likely get a lower offer than if you went with a traditional mortgage route. There are also many different types of cash or direct buyers: buy-and-hold investors purchase rental properties; fix-and-flippers renovate tear-downs at scale for a profit; and finally, there are high-tech, venture capital backed companies called iBuyers. Moreover, HomeLight’s Simple Sale platform partners with hundreds of potential cash buyers across the country to help you find one that might be the right fit.
There are ways to speed up the home selling process and taking the time to do some research can help you find the best solution to meet your ideal timeline.