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7 Tips To Successfully Sell An Old House

Posted On Wednesday, 11 January 2023 19:27

There are various situations that may force you to sell your home. You’re undergoing financial distress, you change jobs, your family is growing, you’re nearing retirement, you want to upgrade your property, and so on. However, selling an old property isn’t always easy. Today, most home buyers prefer new houses to old ones, and several home owners are listing their old properties for sale. So, there’s high competition on the market, which may make selling your old home take longer. And if you aren’t careful, you might not get a buyer for your house.  

So, how can you successfully sell your old home? You can achieve that by implementing the following strategies:  

1. Find A Cash Buyer 

Searching for a cash buyer is one of the best ways to sell your old house. A cash buyer is someone with enough funds to buy a property right away. They don’t have to apply for a mortgage loan or sell their current property.  

You’d want to sell your house to a cash buyer for many good reasons. One of them is to save time since, from start to finish, dealing with a cash buyer is quicker in terms of finalizing the process. Furthermore, without a financial lending institution involved, the whole process is completed quickly.  

Another reason you’ll want to sell your home to a cash buyer is to save money. You know that selling a property comes with lots of fees and costs. These include real estate agent commission, inspection, repairs, staging and prep expenses, and so on. Nevertheless, you can get away with some of them if you transact with a cash buyer. 

For instance, you won’t incur any costs on repairs since they’ll take your home as it is. That goes a long way in helping you save huge sums of money. If you’re looking for a cash buyer for your old house, you can consider a company like Vancouver Redevelopment.  

2. Find The Best Real Estate Agent

If you’re looking for an effective way to sell your old house quickly, you must work with a real estate agent. This is a professional in the real estate world and can offer the right advice on the process. Besides, a good real estate agent knows the local market, so they can offer insights and guidance to ensure you get the best return on your investment.  

Another great benefit of hiring a real estate agent is to ensure you list your old house at the right price. Note that the pricing strategy can significantly impact your selling process and your bottom line. If you list your property at a higher price than others on the market, you’ll likely turn away potential clients. Likewise, if you list your property at a very low price, you’ll likely make a loss. Listing your house at the right price is key to attracting many potential customers and getting the highest offer. 

While that’s the case, sometimes knowing which price to list your old house can be difficult, especially if you’re doing it for the first time. However, you can work with a real estate agent and simplify the process. They can evaluate comparable properties and local markets to help you list your property at the right price.  

In addition, working with a real estate agent lets you concentrate on other important things. They’ll take full responsibility for finding a buyer without much of your involvement. As such, you can save time and focus on other crucial matters.  

Moreover, as most professional real estate agents are experts in negotiation, they can bargain with the buyer to ensure you get the best return on your investment. But you must partner with the best real estate agent on the market.  

3. Do Quick Repairs

When selling your old house, you might not have to repair your home if you work with a cash buyer. However, if you opt for other methods, you should not overlook this step. If you cannot find enough time for major renovations, focus on minor or quick repairs. Maybe you can even repaint and add a splash of color.  

Many home buyers won’t be ready to spend their money on repairs. So, if you do quick repairs, you’ll make your property more appealing. As such, you’ll likely attract more prospects, increasing your chances of selling your old house faster and at a high price.  

You can do minor repairs independently if you possess the right skills and knowledge. However, it’d be a good idea to hire a professional contractor. For one, they’ll come with the right tools to ensure you save money shopping for them. And because they’re experts in their field, they’ll professionally complete the task to give your old house a new look. All these helps simplify the process and increase your return on investment.  

4. Market Your House

As noted earlier, there are many people selling houses, both old and new. So, you must invest in marketing. Without it, no one will come to know that you’re selling your house.  

Marketing is the process of sending advertisements or promotional messages to potential home buyers. It helps establish your home’s visibility and attract the attention of buyers. You can then sell your house quickly. 

An effective marketing approach to promoting your old house is to utilize social media. Millions of people spend time on different social media platforms, interacting and finding things like properties for sale. Therefore, using these channels helps expose your old house to a wide audience. Ensure you post quality pictures on social media when advertising your property.  

You can also put posters about your home in different places like the market or along the road. Besides, you can conduct road shows to make people aware that you’re selling your old home. But you make sure you direct your marketing efforts to the right audience. You can waste a lot of time and money if you advertise your house to the wrong group.  

If you don’t know how to do marketing, you can partner with a real estate advertising agency. They can efficiently spread the word about your property to promote its visibility. They have already formed connections with prospective buyers, so you can meet with one quickly.  

5. Give Your House A Deep Clean

Depending on how long you’ve lived in your house, it may have accumulated lots of dirt. And if that’s the case, it’d be a good idea to clean it before you list it for sale.  

The first impression plays a critical role when selling your old house. So, don’t let dirt turn away potential clients. Before you start the process of selling your property, make sure you give it a deep clean. This involves thoroughly cleaning every area or room of your building. That way, your house will become appealing to more prospects allowing you to sell it quickly and for good money. You can consider calling professional cleaners to ensure your house gets a new look.  

6. Select The Right Time To List Your Home

The home-selling market changes with the seasons of the year. For instance, spring can be one of the best times to sell your house. This is true since many people want to spend time with family at home during the warmer months. If you list your old home for sale at this time, you’ll likely connect with many potential buyers.  

However, seasonal variations shouldn’t be the only factor when deciding to sell your old home. You must also find the time when you can pay for your mortgage loans, if any. Take into account the cost of selling the property and relocating. Putting all these elements together can help you identify the most suitable time to put your old home on the market.  

7. Work With A Property Valuer

Another critical step in selling your home is to work with a property valuer. This is important, especially when it comes to finding the correct price for your home. As noted earlier, attaching the wrong price to your old house may turn away potential clients. 

To avoid that, ensure you partner with a valuer who can help value your property so that you can price it correctly. If the value of your home is lower than what you are expecting, you can ask for advice on how to increase it.  

Takeaway 

Selling an old house can be daunting, especially when working on a tight deadline. But the good news is that whether you want to sell your property quickly or for big money, there are ways to streamline the process.  

If you want to avoid making any repairs, consider finding a cash buyer. And if you don’t have enough experience selling properties, focus on firing a real estate agent. Whichever is the case, you should market your old house so that more people aware that you’re selling it. You can then connect with potential buyers in no time. Evaluate all the strategies in this article and select the best ones for your home selling process. 

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