Selling your home can be a pretty stressful process, and it can be daunting to face these difficult decisions. With these few tips, we believe that you will make the right decisions and sell your home in no time! If you want to sell your home both quickly and with confidence, you’ll need to know all options so you can make an informed decision that best aligns with your current circumstances and goals.

Let’s review your choices so you can look back on the experience of selling your house fast with no regrets. With careful planning and the right help, sellers can rest assured that they won’t sacrifice too much of their profits for the sake of speed. There are few options available:

• List your house with a top real estate agent in your area who has a proven track record of selling homes quickly. Hiring a successful real estate agent is the first step to take once you make the decision to put your home on the market. They will serve as the main point of contact for both you and potential buyers by scheduling showings, crafting your listing, and marketing your property.
• The best thing you can do when pricing your home is to look at the prices of other homes in the area and price accordingly.

• Request a full cash offer on your home through a platform like Simple Sale for a faster closing.
• Any homeowner can sell their house at an auction, and doing so may just be a smart choice if you want to sell fast. Getting your home sold quickly is just one of the benefits of an auction sale.

If you are set on selling yourself, you will need to get educated on all the closing documents and your buyer will need to successfully complete the sale. You will need to arrange for an attorney and title company to help you complete the transaction.

Without an expert to keep track of all the intricacies of the transaction, you cannot necessarily count on the sale to go quickly or smoothly.

When your agent tells you for an offer on your home, there are few things to keep in mind when deciding whether to accept the first offer on your home or wait for a better one.

Things to Consider with the Offer on Your Home:

• Consider the Offered Price

If the offer is within 10% of your listing price, open a dialogue and begin negotiating.

• Consider the Type of Transaction

Cash offers financial safety and a fast close on the deal. Mortgage backed deals can be more risky than cash, but very common.

• Consider Buyer’s Contingencies

You and the buyer may have contingencies that need to be met to sell. See where there is room to negotiate with these contingencies.

• Consider the Buyer’s Flexibility

If your buyer is open to negotiation, you may be able to craft a perfect deal with them. If they are un-negotiable, it may be worth waiting for an offer from someone else.

• Consider the Real Estate Market

If you’re in a seller’s market, you’ll be getting more offers soon. If you’re in a buyer’s market, your first offer may be the best you’re going to get.

Once you decide to engage with the first home buyer, as yourself these questions to the offer is worth committing to.

What price they offered

Obviously, you want the offer on your home to be close to the listed price. In an ideal world, you could get lucky if your first offer will nearly meet the listing price. You don’t want to settle for a bad deal, but don’t get too greedy either. If the first offer is within 10% of your listed price, establish a dialogue with the home buyer and try to negotiate. 

Type of transaction proposed

When selling your house, buyers will either make a cash offer or a mortgage-backed offer. Cash offers are more reliable because they promise quick closing. Sometimes, buyers who were previously approved could be denied a loan because of a job change or low home appraisal. Hence, you might face a closing delay.

Home Sale’s Contingencies

Certain contingencies, like purchase contingency, states that an offer is valid only if the house’s listed criteria are met. This can make selling a little trickier. If you want to increase your chances at closing a deal, limit the number of contingencies on your home’s sale.

A home sale contingency means the buyer has to sell their home before they purchase yours. If their home is slow to sell, your closing timeline will also get delayed. 

Flexibility of a buyer

An ideal buyer is negotiable and able to adjust to your needs. If the buyer of the offer is okay with adjusting the closing and moving dates, consider accepting their offer. Having a flexible buyer who is comfortable with negotiating will relieve a lot less stress.  These seemingly minute aspects of making a deal can pay you back enormously in time, money, and stress reduction. 

Home sellers need to be mindful of the market they are in. Being unaware of the current trends in the real estate market can result in a slow sale or accepting a low-ball offer, ultimately wasting time and losing money. 

In a seller’s market, the number of home buyer’s exceed the number of homes for sale. Buyers are in competition with one another to buy homes. In a seller’s market, you can include an “offer review date” in your house listing form. Doing this allows offers to pile up before you have to respond to them. That way, the ball is in your court as you can choose the highest bid. 

In a buyer’s market, homes in supply exceed buyer’s demand. This causes homes to sit in the market longer, causing their value to depreciate. If your listed price is higher than the listed price of a similar home, you should be open to negotiating instead of denying the first offer on your home completely.