You have probably seen all the claims about homes selling like hotcakes, an average of five offers on every home on the market, and buyers engaged in bidding wars and driving up prices. But just because the real estate market is tilted in favor of sellers, it doesn’t guarantee you’ll be able to sell your Upland home quickly. You’ve still got to play the game. Continue reading for the top five strategies to sell your home quickly and for the best deal in a hot seller’s market.
We’re experiencing a hot seller’s market all across the country, and Upland is no exception. But a seller’s market doesn’t last forever. You’ve got to act quickly and capitalize on the available opportunities before the situation reverts to a balanced market as usual.
2.Don’t Delay the Sale
The best strategy in a hot seller’s market is to make strategic investments to beautify your home and make it stand out from others in the neighborhood. The key here is to avoid over-prepping your home. An extensive overhaul or repair costs money and time. Keep in mind that the demand is more in a seller’s market, and options are more limited. So, your home doesn’t have to be perfect to attract the attention of potential buyers.
3.Sell Now, Move Later
In a seller’s market, the home seller wields power. You can fix the closing date for your convenience. If you would like to relocate at a later date or move during the kids’ summer vacation, make it a condition during the sales transaction. This requirement is a perfectly acceptable clause in a seller’s market. You complete the sale, receive the money, and move later at a pre-decided date.
Several buyers are outbidding each other in seller’s markets like Upland. But that doesn’t mean you can get away with outrageous pricing. There are two best strategies to price a home in a seller’s market:
· Strategy #1: Price slightly below the fair market value and let buyers enter a bidding war to drive up the price.
· Strategy #2: Price slightly above fair market value (around 3% to 4%) and wait for an offer.
Either way, you’re likely to receive the same price and sell your home quickly.
5.Consider a Cash Offer
A cash buyer is not the first thing that comes to your mind, especially in a hot seller’s market. After all, when you’ve got so many offers from potential buyers, why would you sell your Upland home for cash? But there are three main advantages of selling for cash: convenience, costs, and time.
Despite being in a seller’s market, you still have to host open houses, stage, prepare, and fix your home if you wish to sell it the traditional route. That can be too much of a hassle, especially if you’re looking to sell a house without any repairs.
If you’ve been searching “how to sell my house fast in Upland,” reach out to Diamond Home Buyers Inc.We buy houses in Upland for cash and help you complete the sale quickly and without hassles. Feel free to contact us for a no-obligation cash quote and sell your home at your convenience.
The author regularly writes about real estate market trends and helps distressed homeowners sell houses fast in Upland and the surrounding areas for cash. Visit https://www.diamondhomebuyersinc.com/ for more information.