What do I need to know to sell my house in 5 days?
Agents say that to sell a house in 5 days comes to down to price, exposure, and patience. It takes an average of eight showings to get one bid on a house. But what if you need to sell your home faster than that?
Listing your home on the Internet, updating the listing frequently, and making major price reductions are all techniques that sellers use to sell a home in 5 days.
For some eight showings, or even eight days, is too much time.
How to do it!
1) Remove your listing for five days.
Ask your agent to make status the home “temporarily off market.” Spruce up your ad. Change the description and the pictures. When your property is listed again, it will appear new to the market.
2) Price your house at 5 percent less than the last sale in your neighborhood.
Pricing is obviously critical, and when it’s too high people shy away. To make sure that the pricing is below the most recent sales on comparable properties. Your agent should be able to do this if they haven’t already, especially if you told them you wanted to sell your house in 5 days.
3) Offer a “One Day Only” sale.
Take the same steps you might take to announce a garage or yard sale, with the only difference being that you are marketing your home. Put out signs on the road. Lots of signs! Post 100 fliers around town. Get the word out on the neighborhood internet sites.
As people come through to see the home, collect sealed bids. On day of sale at 5 p.m. have your agent look through and choose the best offer.
4) Offer financial incentives
If you are seriously want to sell your house in 5 days create a reason outside of the home’s amenities or the neighborhood or the sale price that makes the house attractive to buyers. For example:
· Prepay house taxes
· Prepay the mortgage for a period
· Offer to pay for closing costs
· Offer broker commission bonus if a full price offer by a certain date.
5) Consider creative incentives.
If you’re really desperate to sell your house in 5 days, you may have to take the incentives to an even higher level. Some incentives work and some don’t, but everyone will talk about them so get creative and offer things like a free vacation, or a set of golf clubs.
6) Make the right first impression.
Buyers decide whether they want your house in the first eight seconds, so make sure your home is ready. The big payoffs on the outside are the front door, the landscaping, and paint.
On the inside, declutter, deodorize, and make sure the bathroom and the kitchen are spotless.
Closing the Deal
If you’re going for a quick sale, keep in mind that small reductions in price rarely speed the process along. Price reductions work if done in big steps. I see listings all the time that drop the price $2,000-$3,000. I ignore these so called “price reductions.” These price drops are less than what could be negotiated anyway.
Keep in mind, too, that one home in three homes today are sold on the Internet.
A guaranteed alternative
Call a professional home buyer like Rapid Home Deals 352-480-0955. We can make you a cash offer well within the 5 days and since we use no bank financing there are no financing contingencies or bank delays