“Help! I’m Trying To Figure Out How To Sell a House Fast In a Slow Market”
5 Tips For Home Sellers
If you own a house in Toronto and want to sell it quickly, read this blog for 5 tips that will help you sell your house sooner!
Tip #1 – Skip The Fix-Up
One of the most time-consuming reasons that homes don’t get sold as quickly as the seller wants to sell is because of the renovations, repairs, and clean-up that needs to happen before the home can go on the market. Real estate agents understand what their buyers are looking for, so they usually urge sellers to make renovations. Unfortunately, the larger the renovation, the longer the sale is delayed. In a slow market there is often many other beautifully renovated houses for buyers to choose from. If your house isn’t renovated, then many buyers may not even look at it.
Tip #2 – Forget Retail
When a home is sold “on the market” (usually listed by an agent), the prospective buyers are usually called “retail buyers,” meaning that the buyers are looking to buy a home that they want to live in. Unfortunately, retail buyers are notoriously unpredictable and they buy on their own timeline, which may not be your timeline! A better option is to think about selling to a professional house-buying company.
Tip #3 – Gather Your Data
One surprisingly time-consuming piece of the sales process is when the buyer requires information that the seller needs to find. This might include information such as when the HVAC unit was installed or when the roof was last shingled, etc. Homeowners who anticipate these questions and have the answers at their fingertips can usually accelerate the buyer’s timeline and potentially sell their homes faster.
Tip #4 – Bypass The Agent
An agent is motivated to sell your house and try to get the best price for it. While that is important, it means that they may not always have your preferred timeline in mind – since an agent may choose to delay if they think they can get a higher price. Bypassing an agent and selling directly to a buyer, such as a buyer like us at GTA House Buyers will help you to sell your house faster. (We are home buyers and we have cash on hand to buy your house right now)
Tip #5 – Get Ready To Decide
It is our experience that homeowners who think they are ready to sell are not always truly ready. They WANT to sell but when it comes time to make a decision, they have difficulty moving forward. If you are really interested in selling fast, and you get in touch with a company like us, get ready because we can move very quickly and can even close in and put a check in your hands in about a week!