The amount of time you spend selling your house will depend on a variety of factors, including local buyer demand and the overall value of the property. There are many reasons that can prompt a fast house sale – you may be facing foreclosure risk, you may be interested in job opportunities outside of Phoenix, or you might just want more a more liquid asset than a house.
If you want to speed up the sale process, there are several quick techniques you can use before moving to the more complex approaches listed below. Three general strategies you can quickly employ are:
- Tidy and de-personalize the house.
- Contract quick landscape improvements to increase curb appeal.
- Consider rapid renovations to add or update value-adding features.
However, if you are serious about selling your house fast, you will need to take steps beyond these recommendations.
Set a Competitive Listing Price
Deciding on a listing price that is reasonable to buyers and still preserves your profit margins is one of the more difficult components of a fast sale. Once you have assessed local demand from buyers, there are several other property and area-specific factors you should consider when pricing your home, including:
- Historic and projected sales data for the local neighborhood.
- Ongoing or future development plans, particularly schools, malls, cafes, and parks.
- Appraiser reports for your property, neighbors and local area.
Adjust According to Buyer Demand
If there is minimal buyer interest in your home after the first 30 days, you should have an adjustment strategy for re-pricing and re-marketing your listing. If you don’t have a backup plan for adjusting the price of your house, the ensuing delay can significantly reduce your end-of-sale profits. Unexpected declines in the Phoenix property market can further reduce buyer interest – especially if you insist on a rigid sale price.
Avoid iBuyer Companies
If you’re considering a fast-sale, there’s a good chance you’ve come across an iBuyer advertisement. iBuyer companies use online mail listing services to quickly resell local homes. In order to stimulate a high volume of daily sales, iBuyer companies deliberately undervalue the houses they list, leaving you with worse sale proceeds.
Admittedly, using an iBuyer is a time-effective way to sell your home. However, the downsides to selling your house via an iBuyer are substantial, with most companies charging a 6% commission fee in addition to a 6% “risk fee.”
Stay Away from “We Buy Houses for Cash” Companies
“We Buy Houses for Cash” companies fall under the same umbrella as iBuyers. Cash-paying buyer companies are opportunistic in the way they target fast-sale homeowners, offering to remove realtor fees and host lightning-fast sales within a guaranteed time period.
In order to profit from this exchange, cash-buyer companies resell the house for tremendous profit after buying them from fast-sale sellers at 65% of market value.
Reach Out and Connect with a Great Real Estate Agent
In a quick-sell situation, having a professional real estate agent in your corner is invaluable. When you’re trying to sell your house fast, it can feel overwhelming to personally keep track of property research, marketing, and closing negotiation. An experienced real estate agent takes care of these responsibilities, guiding you through the stages of a fast property sale and ensuring that you get fair market value for your home.
Clever Partner Agents work for highly-rated real estate companies and regional brokerages (including Keller Williams, RE/MAX, and Century 21), meaning they’re experts when it comes to quickly marketing and selling houses in local markets like Phoenix.
In comparison to traditional real estate agents, Clever Partner Agents offer the same full-service support and advice for a significantly discounted rate. Clever Partner Agents have committed to listing and selling client homes for a $3,000 flat fee or 1% for home sales over $350,000.
Thanks to the reduction in commission fees, you won’t ever have to worry about fast-sale compromises eating into your profit margins.