How to successfully sell your house for cash

How to successfully sell your house for cashcredit

You may, perhaps, have been faced with the situation where you’ve had to quickly sell your house for cash. Sometimes this is the best option for a given set of circumstances. If you’ve ever had to go through selling your house, you’ll be aware of how stressful it can be. There are a few basic principles to follow to make the most of the process of selling your property and keep anxiety to a minimum.

Here are some of the foolproof ways in which you can speed up the selling process and successfully sell your house.

Mayfair on a Monopoly board

Have a realistic valuation

One mistake that vendors often make is setting the asking price too high and then lowering it later when they’ve failed to attract prospective buyers. What people often don’t understand when selling their house is the fact that this can ultimately lead to a slower sale and sometimes at a much lower price than first expected. The first 30 days after you put your house on the market is the optimum time that you’ll see most interest and activity. If you’ve initially set the price too high, buyers would choose to stay away assuming that your property is out of their price range or not good value for money.

House with curb appeal

Improve your house’s curb appeal

You can improve your property’s curb appeal by adding a few touches here and there to make the exterior of your house more appealing to buyers. Mow the lawn and trim the hedge, put some potted plants on the doorstep, give the front door a wash or a lick of paint and make sure there’s no litter near your front gate. First impressions count and it’s especially important to bear this in mind when trying to sell your property. Prospective buyers are already beginning to form an opinion before they even enter a house. However, curb appeal is just the start.

Clutter-free living room

Clean and de-clutter

This one should be quite obvious but you’d be surprised how often it’s overlooked. The fewer things there are in an interior, the larger it will appear. Therefore, remove unnecessary things and any excess furniture. Store away things that you’ve added for that personal touch such as family snaps on the mantelpiece, knick-knacks on shelves and children’s artworks on the fridge door. Fold up the laundry and tidy away clothes & shoes into drawers and wardrobes. Make sure the bath and shower are spotless. Creating as blank a canvas as possible is important so that the buyers can envision themselves, their family and their possessions in the house.

If your property really needs help, hire a professional to do a deep clean of the house. If you have an appointment with a viewer, make sure any pets are kept out of the way – take the dog for a walk and make sure the hamster, guinea pig or rabbit is secure in its cage. And, if you do have pets, be aware of any odours that may be present to which you have become immune. The same goes for cooking smells; baking bread and freshly brewed coffee are said to be good for helping to sell your house – not so fry ups or kippers… ditto tobacco smoke. Counteract these by opening some windows, spraying air freshener or lighting a few scented candles or incense.

Property for sale signs

Ensure your listing is on all the property portals

Finally, when you’ve decided to sell your house, make sure that it is listed on all the major online property sale portals. Also ask your estate agent to showcase your house on their social media channels. This would increase the chances of your house being noticed and thereby getting sold. Most estate agents have Twitter accounts and Facebook business pages where they publicise their listings.

In addition to all of the above, get all the necessary repairs done before the house goes on to the market. Make sure that your house is as presentable as possible and doesn’t appear to buyers that too much work would be needed after the purchase. This will attract more buyers and your house should sell more quickly and for a better price.

[disclosure*]

Lone Star State house prices experiencing strong gains

House with Stars & Stripes flag down the front

According to the second quarter reports for 2016 that have been released by the Texas Association of Realtors, the state’s house prices have been experiencing very strong gains. The report, entitled the Texas Quarterly Housing Report, states that the last few months in particular, have been one of the biggest beginnings to the summer selling season for Texas real estate. Homes of all price classes and all types are now in really high demand, and this is especially the case for houses that are priced beneath $200,000. Continue reading to learn more about this great news for sellers, investors, and realtors.

Houston city skyline

Increases in homes

Real estate experts have noted increases in the prices of homes across the state, from rural Austin suburbs like Dripping Springs, to houses in big cities like Dallas, and every residential area in between. The report specifically stated that a total of 91,418 Texas houses were sold in just the second quarter of this year. This is an incredible 4.4% boost from the second quarter of 2015, and it is also the biggest volume of home sales in the state’s history.

On top of that, over 45% of the houses that were sold within the second quarter of 2016 were priced below $200,000, but almost 47% of the houses were priced anywhere from $200,000 to $500,000. This means that first-time home-buyers, as well as those with higher budgets, have been able to take advantage of the many homes found throughout the state in some of the country’s most beautiful cities and towns.

Austin waterfront and skyline

Expectations for continued growth

It is expected that home prices will continue to rise. After all, they did continue to climb, thanks to a surge in population numbers and a lower inventory of homes throughout the state. This high demand has made the current average price for a home in Texas $215,000. The reason for this increase in the median home price is partly due to the fact that the inventory of available homes for sale remained pretty much unchanged from the first quarter of 2016, so it is a seller’s market.

Arial view of a Texas suburb

Not all markets are benefiting

There are some housing markets throughout the state of Texas where these gains have not been seen, however. This is because there are many areas that are still impacted by the recent declines within the energy industry.

Despite this, on the whole, the housing market in Texas is continuing to do very well. Active listings increased by about 4.1%, and the second quarter of 2016 shows more than 98,000 listings that were active. Homes also spent less time for sale, with an average of 54 days on the market before being sold.

Because Texas homes are in such high demand and because prices are set to continue climbing, if you’ve been hoping to invest in real estate there, whether you want to raise your family in the state or retire there for a more affordable way of life, it is best to make your move sooner rather than later.

[disclosure*]

5 Ways to prepare your home for selling

'5 Ways to prepare your home for selling' blog post banner

House for salecredit

When it comes to selling your home, there are some simple strategies that can help generate more interest from potential buyers. The following 5 suggestions are easily implemented and guaranteed to keep any prospective purchasers engaged from the outset, rather than turning them away to purchase elsewhere.

Well maintained cottage gardencredit

1. A well-maintained garden

Make sure any garden or outdoor area is well-maintained and manicured as this will make a great first impression and arouse curiosity as to what may await beyond the front door. Many potential buyers will drive by to get a sense of the property and if they see a garden that is overgrown and unappealing they may never bother to arrange an initial inspection with the real estate agent. They will likely assume that the same level of disregard applies to the condition of the rest of the property.

Mid century modern decorated sitting roomcredit

2. De-clutter

Create a light and airy atmosphere and increase the sense of available space by de-cluttering the property before placing it on the market with eMoov, the online estate agents. Environments that are messy and claustrophobic are unappealing and can be psychologically intimidating. It’s a kind of territorial marking that makes ones space personally meaningful, however a buyer will be trying to imagine how the space would look furnished with their possessions. Make this task easier for them by reducing clutter and providing room for their imagination to soar.

Cream painted living roomcredit

3. Paint & repair

A few coats of paint are a minimal cost compared to the figures involved in selling a home. If the walls are looking drab and dirty, or the existing colour scheme is dated, unusual or just visually jarring then taking the time to spruce things up is well worth the effort. Most decorators recommend using neutral colour schemes so that potential buyers can more easily visualise their own belongings in the house. Colours that reflect the present owner’s unique lifestyle and tastes may be unappealing to other people.

View the property with a critical eye and notice any obvious defects that are in need of replacement or repair. Cracked walls, rusted guttering, stained carpets or broken windows will ring alarm bells for a prospective buyer and cause them to wonder what else may be wrong with the property.

Small, white galley kitchencredit

4. Clean & tidy

Make sure the house is clean and tidy when buyers come for inspection. Although it can be a hassle to continually stay on top of the cleaning it is an effort that is worthwhile. First impressions really do count and ideally the prospective buyer ought to be able to easily imagine living in the property. Not many people picture their dream future as living amongst filth and grime so leave nothing to chance and attend to the basics by increasing the charm and appeal of the property.

Vintage furnished dining and sitting roomcredit

5. Consider renting furniture

If your furniture is old and dated, consider leasing high quality furnishings to provide the wow factor to potential buyers. The cost of leasing can be surprisingly affordable and any leverage you can get in your favour to help sway a buyer is certainly worth the investment.

Preparing your home for selling is not a complicated affair and hopefully, with these easy tips put into action, a sale will soon be on its way for you.

[disclosure*]

Home survey: Money well spent

'Home suevey: Money well spent' blog post banner

home survey word cloud

 

Despite the fact that real estate in Sydney is a significant long-term investment that could impact a buyer’s finances for decades, many prospective home-owners baulk at shelling out for a professional surveyor to examine the property before the sale is completed. This is an unnecessary risk at best and a disastrous error in judgement at worst, as home damage that may be invisible to the untrained eye can cause unforeseen calamity long after you’re left holding the deed.

An expert eye

Surveyors are trained to spot existing as well as potential issues with an uncommon level of detail. Once the 2-3 hour examination of the interior and exterior of the property is complete, the surveyor will provide a thorough report on the various aspects of the home, including structure, plumbing, electrical equipment, and other amenities.

During a surveyor’s report, minor defects, major defects and safety issues will be categorised and detailed to you. You will also find out which items need repair and replacement as well as those that should be monitored for future wear. Home surveyors can even inform you of routine maintenance that should be performed based on the amenities in the home, which is information not even the seller may possess.

Survey contingency

One of the most useful discretions that having a home surveyed before buying affords you is the ability to back out of an offer if significant issues are discovered during the assessment, even after an otherwise enforceable deal is reached in principle.

The survey contingency is a vital resource after an offer has been accepted. Without this protection you may be legally bound to pay the seller a penalty fee or even the full purchase price of a home once an agreement is reached regardless of what issues may later arise.

Your options

If issues are discovered during a home survey, you can choose to ask the seller to fix them at their expense, to reduce the purchase price, or to provide a cash credit at closing to be applied to the cost of repairs. This is where surveyors truly earn their keep, as without the survey your options would be extremely limited and you would likely be responsible for the cost of any repairs necessary before you can live in the home.

It is advisable for all home-buyers to have a survey conducted prior to exchanging. A survey is an investment of time and money, but one that could pay for itself many times over if significant issues are discovered.

[disclosure*]