If your vision of today’s home hunter is someone who is uneducated about the real estate market, you couldn’t be further from the truth. In fact, they are the most knowledgeable buyers because of their ability to search on-line with tons of information readily available with just one click. Price, location, and condition are three criteria that determine whether your home attracts buyers and sells. To reap the most profit, you need to sell your home fast.
Why You Need To Sell Your Home Fast
1. A Stale Home Becomes Ripe for Price Negotiation
As a home seller, you are in the driver’s seat during the first 30 days your home is on the market. If it doesn’t sell within this period, because the pricing is too high for the location and condition of your home, your house becomes stale. Even if the price is lowered after 30 days, you‘ve lost all of the initial rushes of buyers who respect and appreciate a correctly priced home.
2. Your Lifestyle Remains Interrupted
Selling your home when your family resides there means that you’ll need to leave your home during showings. You‘ll have to maintain its picture-perfect condition longer if it doesn’t sell quickly.
3. Your Tenant Might Not Continue to Cooperate
If you are selling a rental property, it may be difficult to get your tenants to continue to maintain your house or vacate the home for showings.
4. You’ll Need to Continue to Pay Household Expenses
While your home sits on the market, you will have to pay the mortgage, taxes, utilities, and association fees on a home you no longer want.
5. Your Home Loses Credibility
If your home sits on the market, there is a natural tendency for buyers to think that if no one else likes your home, they shouldn’t either. Something must be wrong with it.
6. You Will Help Sell Your Competition
Buyers who are interested in your neighborhood will be buying your competitors’ homes leaving you with fewer buyers to purchase yours.
7. Real estate markets can change quickly
Supply and demand, as well as interest rates, can dictate whether it’s a seller’s market or buyer’s market.
Today’s buyers understand the realities of the market. Although they are not expecting a deal, they can’t justify overpaying for a home that doesn’t warrant the price. Ensuring your home’s appearance shows well online and in person and competitively pricing it with other homes in your neighborhood will help you sell your home fast and profitably.
Red Barrinuevo | Your Toronto Home Stager
Is a Canadian Certified Staging Professional. His professional affiliations include the Real Estate Staging Association (RESA) and the CSP. He is the recipient of numerous home staging awards and was picked as RESA’s Top Professional Stager of Canada for 2016. He has worked with hundreds of Real Estate Brokers, Investors, Real Estate Agents, and has helped homeowners showcase their homes at its best when it is time to sell.
As President and Principal Stager of REDESIGN4MORE, Red provides home staging and interior redecorating services for both small and large-scale residential projects throughout Toronto and the GTA. Click here to learn more about Red and REDESIGN4MORE.