If you’ve been following trends in the housing market recently, you’ve likely heard about how buyers are engaging in bidding wars and racing to get mortgages so they can get the home of their dreams. This has been going on for over a year now and experts are expecting the demand for homes to keep going strong.
As HomeLight reports in their Top Agent Insights for Summer / Fall 2021 report homeowners are rushing to get their homes on the market to take advantage of the pent up demand, and profit from high sale prices. 55.7% of agents report they’re seeing this dynamic, and 57.1% of agents are expecting it to increase during the fall.
If you’re looking to get your home on the market and make a quick sale, below are a few tips to help make it happen.
When homeowners are looking to quickly sell their homes without investing in improvements, many of them consider going to an all-cash buyer as they are flexible with the conditions of the properties that they purchase. When someone sells via this method, the first request an offer, the home gets evaluated, if the seller is interested they will then provide a contract, and then the sale paperwork begins.
All-cash buyers frequently are iBuyers, buy and hold investors, and house flippers. The latter two are companies that purchase homes at a discount, and then invest in significant improvements to raise the value. Buy and hold investors aim to rent out the properties while house flippers look to make a quick sale.
iBuyers are a relatively new entrant to the real estate space and they use automated valuation models to make offers on homes that are in relatively good condition. The models are programmed to make offers by considering the sale price of comparable homes in the area, tax records, and a variety of other data points.
These services frequently pay more than traditional all-cash buyers, and in some cases above market value, however they often collect a 9% commission.
Since the process of purchasing a home can be overwhelming, it never hurts to work with a realtor to help facilitate the sale of your home. Real estate agents are paid on commission so you don’t have to worry about out-of-pocket costs, and they handle the entire home sale process from planning to transferring the property along with your fence gate and patio.
To create your short list of agents, you should consider the following when looking through realtor profiles.
- The number of homes the agent sold in the past six months, and year.
- The number of days it took the agent to sell a home on average and how it compares to others in your area.
- The amount above or below the list price that properties handled by the agent usually sell for.
The next step to choosing a realtor is to contact them and ask them about their knowledge of your area, how they work with clients, and what their priorities are for buyers and sellers. By covering these essential steps, you can find a realtor who can guide you through the home selling process even if you need to include a patio.