Is fast the first word that comes to mind when you think of selling a house? Probably not! There’s no secret that selling a house using the typical route of a realtor can take a long time. It’s also quite a tedious undertaking, but there are some techniques you can use you to make it faster. Alternatively, you can sell directly to a home buyer for an instant sale and no stress at all! Check out what we have in store for you to learn how you can speed up the sale of your house!
House Sales Take Forever!
Have you ever thought about why it takes so long to sell a house? With more than 300 million people living in the U.S., and almost 900K in Indy alone, surely someone would want to buy your house right? Absolutely, someone would definitely be interested in buying your house, but there’s a lot of things that can get in the way of that happening.
First are foremost, how would an interested buyer go about purchasing your house if they don’t know about it? The perfect buyer may already be out there, but they just haven’t found your listing. Truth be told, most people that look at your house won’t buy your house.
Houses are very expensive and determine where people can work, how close they are to friends and relatives, and where their children can go to school. They make a big difference and many people have certain specifications, requirements, and other criteria they need met in order to actually purchase their house.
Consider this, your house might be a complete upgrade for a large number of buyers even considering all related factors. Despite that, most people still won’t buy your house. This is because it takes significant effort to actually convince someone to abandon the safety of their own housing situation to accept the risk and unknown of yours. On paper everything may seem fantastic about your home, but the potential of doubt makes it difficult for many buyers to commit.
As if that wasn’t enough, there’s also a long sales process that gives plenty of opportunity for a buyer to change their mind. Even if they don’t, you can spend weeks trying to fill out the right documents and submitting paperwork. In most situations, selling a house quickly just doesn’t happen.
Speeding Up the Process
Just because selling a house is typically a slow process doesn’t mean it needs to be. If you’re willing to put in the effort to stay informed and be active about selling your house, the whole process can be shortened. Because this is always subjective to the housing market and your location, it won’t guarantee a sale. However, using these techniques will make your house much more likely to sell, which generally means it will sell faster!
Balance Between Time and Money
An important factor in selling your house actually relates to your mindset and how you view the whole endeavor. You could spend your entire time looking, but you’ll probably never find a house in perfect condition. There’s always something that could use improvement or something that just doesn’t work. It probably doesn’t bother you as much, or maybe you just grew accustomed to it, but this can be a red flag for a potential buyer.
If you’re interested in selling your house fast, you’ll need to decide on a balance between the amount of time and money you invest into selling your house. While it may seem counterintuitive, shelling out more money can give your house a much greater chance to sell. Anytime you spend money to sell, it is important to understand the value of what you’re paying for. Spending money doesn’t always translate to a direct increase in house value, but it can certainly sway a potential buyer. Just how much money is that sway worth?
Likewise, the time you invest is also relevant. You might think hiring a realtor means that you won’t actually do much to facilitate the sale, but that’s a common misconception. You still need to supply all the information to create a listing, organize your schedule around tours, and potentially even hire a contractor for repair work. While doing this work may increase the value of your house, if you don’t want to do it, then you probably won’t. This will definitely hurt your chances of selling your house.
This is where that spending comes into play. If there is anything major that is broken in your home (leaky roof, cracked foundation, mold/pest damage, foul odors), you need to take care of those if you actually want to sell. Most buyers are not interested in buying a house in need of work. They want a house ready to go right now, where they could move in next week without having to schedule any repairs first.
Beyond necessary repairs, you should also consider renovating your home to make it more modern. Depending upon when your house was built (and when you bought it), most of the appliances and features in your house will probably be quite old. Especially if you’ve never swapped anything out, most of your appliances aren’t going to work optimally. Even though your house isn’t new, it is new for a potential buyer.
That means they’ll expect things to not only work like new, but also to look new. Your house can be in a perfect location and look fantastic from the outside, but a sale will quickly fall through if the interior doesn’t reflect modern technology. Especially if your home is more than a decade old, just imagine how much something like a cellphone has changed since then. Now you can access your fridge’s inventory using your cellphone, but that certainly isn’t possible with an outdated model.
Appeal to Buyer Interests
Finally, you’ll also need to appeal to the interests of your buyer. You’ve lived in your house for years and you know what makes it comfortable – for you. Even without intending to do so, everyone has their own bias from their personal experiences and preferences. You may love the beautiful sea blue walls that line your home, but potential buyers may not.
Likewise, you may have a spare room you use as an office or exercise room. If you’re single or married without children, this may seem like a perfect use for you, but perhaps it may be more appealing to buyers if it was staged as a potential nursery. Your house has been adapted to fit your needs, but this needs to go if you want someone else to envision themselves living in your home. This is why it helps to have an outside perspective, giving your a fresh set of eyes to show what a buyer might be thinking.
Is There Anything Faster?
Trying to sell a house is quite an ordeal. No matter what you do, it will probably take months to finalize a sale. Finding a balance between time and effort spent selling your house, making modern renovations, and appealing to buyer interests are all great ways of increasing your house’s chance to sell. This in turn will give you a great likelihood of selling your house faster, but you’re still subject to the market and location your house is in.
Alternatively, you can make yourself immune to these factors by choosing to sell directly to a home buyer like Ben Buys Indy Houses! Unlike a realtor, Ben Buys Indy Houses actually purchases your home from you directly, making the sales process almost instant and completely painless! If you want to take advantage of the quickest way to sell your Indianapolis house, reach out to Ben Buys Indy Houses at your earliest convenience!