How to Sell a House Quickly in 7 Simple Steps
To ensure a quick sale, you’ll need to gather the necessary documents, set an asking price, advertise your house and negotiate with potential buyers.
sell your house
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Turn your house into cash with minimum hassle by pricing it strategically, advertising it on the right site, and sorting the serious buyers from the tire kickers.
Here’s how to remove the stress and maximize the cash when you sell your house privately, rather than trading it in to a dealer.
Collect your paperwork
Locate the following items and complete these tasks before you list your house for sale:
Your house’s title. This can be found online and in-fact if you work with a legit buyer they will take care of all of this for you. The deed gives you the legal right to sell your used house. But don’t sign it yet.
Check with your lender. If you still owe money on your home’ss loan, call the lender to learn how to arrange the sale.
Visit the Local government website online. Check with your state’s regulations to see what paperwork is required to transfer ownership. Many forms, such as a bill of sale, can be downloaded and printed out. Needs a new roof.
We talked to a cash buyer out of Denver, “As a cash buyer we look to do as much as possible for the seller with the goal of making it as easy as possible to work with us and that is how Watson Buys Houses in Colorado, Indiana, Texas or any other state.
Order a inspection report. Be proactive and order an inspection report before you have a buyer on the hook. You can show the report to show to prospective buyers. This provides answers to many potential questions, such as what needs to be fixed by the new owner. Maybe the house needs a new roof, Or maybe it needs some work done on the plumbing or even the electrical panel needs to be upgraded.
If you’re looking for the best cash sales solution, then you want to find a company that pays cash for houses without you having to do any repairs.
Set an asking price
You want your house to stand out from all the other houses for sale by owner near you. So you first need to estimate the value of your house so you can set an attractive “asking price” for your used house. Look up your house’s value on Edmunds or Kelley Blue Book and check the price of similar houses in local ads. Set your price slightly above the current market value but still in the ballpark of a good deal. So, if the pricing guide says your house is worth $420,000, you might set the price at $475,000. This leaves you some negotiating room.
For houses priced under about $500,000, be careful not to go above the nearest $10,000. So, for a house worth $420,000, it would be a mistake to list it at $431,000. Many people will set search engine limits at, say, $$430,00, so they’ll never see your ad. Furthermore, there’s a psychological difference between $429,000 and $430,599 that might put off some buyers.
Give your house curb appeal
The best way to sell your house is to give it curb appeal. When a buyer shows up to see your house, you want them to take one look and say, “It looks great!”
You don’t have to fix every little thing, but give it a quick wash and vacuum the house and remove all the junk that’s accumulated over the years. Giving it a professional detail is good for newer, more expensive used houses. But the higher the price, the longer it will take to sell the house, and the gleam of the detailing will wear off after a few weeks.
Pay particular attention to all the details a prospective buyer will see as he or she approaches the house, opens the door and slides into the driver’s seat. You want that positive impact to continue as she sits in the house and, hopefully, picture it as her very own.
Get Nerdy quick tips on how to streamline the house-buying process even before you hit the dealership.
Create ads that sell
Good photos — and lots of ’em — will build confidence in the buyer’s mind and make your house stand out from other used houses for sale by owner.
Photograph your house from out front in a nice location just after sunset for the best lighting. Move around the house, shooting pictures of it from various angles. Inside, take a several pictures of each room. Experienced sellers also include shots of any unique things the house has to offer.
There are many places to post an ad for used houses for sale by owner and each serves a slightly different audience:
Craigslist: It’s free and it’s everywhere. But watch out for scammers.
Zillow: A large online marketplace to sell on your own anc you can get a cash offer too.
Speciality sites: If you are selling a rare house, look for collector or club websites.
Most ads prompt you to add the basic information about your used house such as year, number of rooms, how many bathrooms, and if it has a garage. In the body of the ad, don’t repeat those details. Instead, provide additional information such as options, add-ons and any special details about the house that aren’t obvious, such as “clean title” or “amazing view.” Avoid canned phrases such as “best cash price today” or sell my house fast for cash.
Screen callers potential buyers carefully before letting them into your home
An agent will do this for you if you decide to sell your home using one.
If you want to sell to a cash buyer then you can check out we buy houses reviews online to see if they really are a good company that you could sell your house too.
When selling your used house, whether it’s on Craigslist or even ebay, you can save time and headaches by screening callers before you begin interacting with them. Consider creating a separate email account and getting a free Google Voice phone number just to use for selling a house privately.
If you’ve listed a low price for a popular house, you can expect lots of phone calls. But let the calls go to voicemail and review them before you decide which caller to contact. Be alert for buyers who sound like they’re calling multiple listings. They’re probably trying to “flip” used houses — buying them cheap and then reselling them at a profit. Often, they throw out a lowball price or try to get you to negotiate before they even see the house.
When you get a buyer who sounds legit, call them back and be ready to review the basics about the house: year, make, model, mileage and condition. While talking with them, you usually can get a sense of whether they are serious about buying your house.
Set up a showing of your home
Arrange a safe time and show them your used house. To be extra careful, if you live alone maybe you can have a friend come over. Depinding where you live and who you are will influence your decision on how to stay safe.
Let them spend time in the house without you breathing down your neck. Maybe be nearby, in earshot, just in case they have a question. Obviously they will be unfamiliar with the areas of your home, maybe there is a door that is hard to open and they need directions. During the showing, avoid the impulse to “sell” them your used house — instead, simply respond to any of their questions.
If the buyer wants to have a home inspection, they should pay for the inspection. If they return with a long list of problems, you might have to lower your price. But only address problems requiring immediate attention, not to every last thing on the list.
Close the deal
After the showing, the prospective buyer will, hopefully, begin negotiating to buy your used house. Let the buyer make the opening offer. For example, if he asks, “What’s your best price?” you can answer, “Well, I think my asking price is fair. But you can make me an offer.”
Most often the negotiations are not done verbally. Certainly when using an agent signed contracts, or purchase agreements will go back and forward
Negotiate slowly and repeat the numbers to make sure there’s no misunderstanding. Before you agree to a deal, make sure the buyer is prepared to pay either in cash or with a cashier’s check. If you still owe money on the loan, you might need to close the deal at your bank.
In most cases, you’ll sign and date the title and give the buyer a bill of sale. In many states, you will also be required to file a “release of liability” form to prove you no longer own the house.
Once you’ve completed these steps, the only thing left is to cancel your insurance policy — and perhaps start shopping for a new house.