How do I sell my house in 5 days?
- August 5, 2021
- 1 Comment
How do I get my house ready to sell in a week?
- Make sure all outlets and plugs work.
- Touch up any chipped paint, the crown molding, and any loose railing.
- On older homes, be sure to have a home inspection.
- Check that windows aren’t painted shut.
- Clean up dust in places you normally don’t reach.
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- Work with an agent who moves homes like no other.
- Find out what a cash buyer would offer.
- Price your home with precision.
- Draw eyes with out-of-the-box marketing.
- Connect to your non-local buyer pool.
- Declutter using your garage as storage.
- Add some color to your curb appeal.
Price your home with precision
Precise pricing is imperative when you’re up against a tight deadline. Price your home too high, and buyers won’t rush in with offers. Price your home too low, and you unnecessarily sacrifice thousands of dollars.
Hudson recommends that your listing agent reach out to the agents of any comparable homes as soon as they enter escrow to find out what they’ve sold for before the information is available elsewhere.
Armed with the most recent sales data possible, your agent can create an ultra-accurate comparative market analysis and pinpoint the best price for your home. Hudson demonstrates how this tactic recently helped her sell a home in less than 5 days:
“There was a house down the street that was similar, but needed more work and was a tiny bit smaller, that was listed at $525,000 and received multiple offers. I found out that they were in escrow for $540,000. So knowing what was going on in the neighborhood, we decided to list $579,000. We received two offers well over list price for sale in the market.”
A potent pricing strategy that nearly guarantees offers in 5 days is to price your home below market value. Buyers carefully watching the market will jump at the opportunity to purchase a home priced below the competition. If you receive multiple offers, you can use them as leverage to spark a bidding war, driving the final sale price well above the listing price.
This strategy works best in a seller’s market where home prices are holding steady or trending upwards. If there are significantly more homes than buyers in your market, you’re less likely to receive multiple offers and may conclude your sale with a lower than ideal price.
Waiting for a Better Offer
During the course of the 5 days our home was on the market, we had about 7 formal showings as well as an open house that garnered quite a bit of traffic, especially considering that the weather was awful that day. But the couple who bought our home in the end was the first to go through it.
A lot of people have asked us “Why didn’t you wait for a better price?” I’ll give a few details below, but the real answer is just another one of my Dad’s stock sayings:
“Your first offer is often your best offer.”
Now don’t get me wrong. If the purchasers had offered only 75% of our asking price, we would not have accepted the offer. After a couple of counter-offers lobbed back and forth, we settled on a price that was a little more than 94% of our asking price. My Dad had told us that houses in our region had been selling for about 95% of the asking price on average, so we felt like we got a fair deal.
The offer we accepted had no conditions attached to it, so it carried some pretty sweet bonuses:
- We wouldn’t be stuck waiting around to see if the buyers sold their current home.
- The buyers didn’t need to get financing approval.
- No more house showings.
- We could immediately move ahead with plans for moving, preparing the new house and getting set up in the new city.
- The end of Mr. Cents’ Reign of Terror.
Bring the Outside In
Make your house feel like home by taking advantage of what’s in full bloom right outside your door. “[Fresh flowers] are so inviting,” Dawn says. “They warm up a room and send the message that this is a really nice space to be in.” If plucking decorations from your yard isn’t an option, stop by your local grocery store and pick out a fresh bouquet that’s already been prearranged. If you run short on vases, display your finds in an antique pitcher or Mason jar for a touch of vintage charm.
And flowers don’t have to be the only star of the show. If you grow your own fruits and veggies, entice buyers with a bowl of fresh produce on the kitchen counter.
And speaking of the outside: If you do have a little cash to spend, here’s what Dawn recommends to sell your house on a tight timeline and a small budget: “If you’ve got $400, I would spend it on paint and mulching the front yard.” Why? Because buyers give you about six seconds to make the sale—three seconds from the curb and three seconds from the foyer.