Updated on October 30, 2019
If you need to sell your house fast in Raleigh, NC, your best options are:
- Selling to a cash buyer or iBuyer (We Buy Ugly Houses, Zillow Offers, Opendoor, etc.)
- Listing with a top local real estate agent
Importantly, each of these choices comes with its own advantages and drawbacks.
Raleigh cash buyers offer unmatched speed and convenience, but you'll likely take a hit on price — expect to net between 10% to 50% below your home's fair market value.
Listing with a top realtor won't get you an “instant” offer, but the best Raleigh agents will price and market your home aggressively to help you sell quickly and for a good price — often at or above market value.
Try to interview at least two to three highly rated Raleigh agents to see if they can't help you sell within your required timeframe.
The key takeaway is that it's definitely worth exploring all of your options before you make a final decision. Your home is too valuable not to.
Read on to learn more about how to sell a house fast in Raleigh: get an overview of the current Raleigh market conditions, find out what local buyers are looking for, and evaluate your top options for selling fast.
Raleigh Housing Market Forecast for 2019 — and Beyond
In an unexpected turn of events, mortgage interest rates fell further and faster at the start of 2019. With lower rates increasing buyer demand, Raleigh's housing market will receive another boost in what is currently a seller's market.
To help you sell your house fast in Raleigh, here is a summary of what the city's housing market will look like throughout 2019, according to Zillow Research:
- Home values are up 6.6% over the past year, and Zillow forecasts values will rise another 4.4% from the current median value of $272,800.
- The average median list price (what sellers are asking for their homes) is $326,900.
- The average median sales price (what sellers are getting for their homes) is $257,200.
- Homes for sale in February 2019 sat on the market for an average of 44 days.
Although the inventory of available homes for sale is starting to rise slightly, Raleigh still lacks an available supply of houses to meet the expected rise in buyer demand. This will drive sales prices higher and put you at a distinct advantage when it's time to negotiate a price with the buyer's agents.
However, you still need a top-rated Clever Partner Agent who knows how to negotiate with skilled buyer's agents. Contact Clever today for a free initial consultation.
3 Key Factors That Help Raleigh Homes Sell Faster
Don't Allow “Wiggle Room” In Your Sales Price
If you want to sell your home fast in Raleigh, you need to price it based on what the housing market is saying. This means you can't overprice your house to free up “wiggle room” to negotiate with buyers. You must price your home correctly, or you won't be negotiating with anyone.
Stage Your Home
Stage your home so you can show buyers its best features. Buyers want to see themselves living in a house. You can capture their imagination by giving your house a deep cleaning, adding a fresh coat of paint, and removing all the unnecessary knick-knacks that tend to clutter homes.
The outside of your house is just as important as the inside. Tidy up your front porch, pressure wash your deck, and add some visually appealing plants in your entryway. You'd be amazed at how much faster homes sell with some simple staging.
It's not easy to separate yourself from your home. So, to get the best price, you must remain flexible and keep the buyer's needs in mind. If a buyer says “that spot is a great place for an entertainment system,” don't give them your opinion of what they should put in that space. Let buyers fall in love with your home from what they see, not what you see.
Beware of “We Buy Houses for Cash” Companies and iBuyers
As more people turn to the internet to try and sell their homes faster, companies are popping up offering to buy these houses quickly and for all cash.
iBuyer sites and “we buy houses for cash” businesses are all over the internet these days. Companies like Opendoor, Offerpad, and the like let you fill out a simple form and promise to buy your house for cash in a few days.
While perfectly legal, these sites won't offer you the actual value of your home. Instead, they'll give you an estimated value (without looking at your house) using algorithms they've created.
Although these companies do pay fast cash for your house, you'll leave a significant amount of money on the table by selling it for far less than what it's worth.
You'll also wind up paying far more in fees than what you would if you partnered with an experienced agent who could sell your house for its true value, and not one spit out by a not so neutral computer algorithm.
Benefits of Partnering with a Local Raleigh Real Estate Agent
There certainly isn't a shortage of real estate agents in Raleigh. However, you can't just pick an agent at random. You need to choose the right agent.
At Clever Real Estate, we partner with top-rated local real estate agents who have a proven track record of selling houses fast for top dollar.
You might think you can sell your house alone to save money. It's certainly possible with all the resources available online. But all those resources don't replace the value an experienced real estate agent brings to the selling process. Remember, as a seller you have to pay a commission to the buyer's agent.
Experienced Raleigh Clever Partner Agents are experts in pricing homes correctly, negotiating the best deals, and giving their clients keen insight on what the Raleigh housing market is trying to say. No online resource can replace the knowledge expert agents can bring to the closing table.
Get what you deserve for your house by partnering with one of our reduced-commission Partner Agents, Our network of top-rated agents have agreed to work with us at a lower cost without sacrificing any of the benefits you'd expect from a full-service agent.