Why selling your home fast is Important.
Buying a home is an important decision, and the process can be time-consuming. That's why some people want to sell their house fast.
Many factors can affect the right time to sell your home, like family growth or kids leaving the nest, job change, or retirement. Whatever your reason may be, you want to make sure that you are getting a fair price for your home.
One of the most common reasons a homeowner might want to sell their property faster is finding another property they wish to buy, but the homeowner has not put it on the market yet. Timing the market can lead to confusion about when they need to put their house on the market, but it's essential for them not to wait too long for that home purchase to go through smoothly and quickly.
How to Increase the Speed of Your Home Sales
Price it a Little Low
You might think that pricing your house a little higher than the market value would leave you room to negotiate with buyers, but according to research, this decreases the showings and the demand for the home (see chart below).
Homes that are priced right and well-marketed tend to sell in the fastest timeframes, so it's essential to get your home on the market with all of these factors in mind.
Arizona Homes Are Selling Fast!
Currently, the Arizona real estate market has 1.38 months of supply of homes for sale. This is low compared to a neutral three months supply of homes. (Anything over three months is a buyers market)
Arizona is one of the fastest-growing economies in the country. Its capital, Phoenix, and surrounding suburbs have seen a population boom in recent years.
The median price for homes statewide in October 2021 is $418,000, which compares favorably to other states like California ($797,000). Arizona's housing market is stable and affordable with the help of low-interest rates.
Homes are selling fast in Arizona! Home sellers get their homes on the market for an average of 31 days before they get an offer.
What to Consider if You Want a Home to Sell Faster
When you want to sell your house, you need to make it appealing and desirable to potential buyers. However, there are several things that you can do before placing your house on the market to make it more attractive. The following are some of the home selling tips and best practices that will help you sell your house faster.
- Get your property in shape before putting it on the market: A home that has been spruced up, painted, and updated with modern appliances and fixtures will always be more appealing to potential buyers. Make sure that your home is clean and well organized. It's essential for potential buyers to feel like they can live in your home without too much work.
- Reduce clutter: The best way to make your house look bigger is by reducing clutter. You can do this by using specially designed storage solutions or simply donating unused furniture and getting rid of unnecessary items you don't need anymore. Renting a storage unit for a couple of months also is a great option!
Remove clutter from inside and outside of the property. At the same time, we are leaving things that add characters, such as plants or art.
- Perform a deep clean of cabinets and appliances before a showing. Cleaning will give a home buyer a fresh look at what your home has to offer without any surprises hiding in the back of cabinets or behind the refrigerator.
Scott Schulte is a real estate agent who can help you with the process of selling your home. He will take care of all the details, including finding an appropriate buyer, negotiating on your behalf, and helping you with paperwork.
He has experience in the real estate market for over 17 years and has helped his clients to sell their homes quickly for top dollar. His expertise will be an invaluable asset to you during this transition time in your life.