Buying a new home while you still own your other home can be stressful; you may have to worry about your new mortgage, while also paying for the old one, which can be especially burdensome if the older home is vacant and you don’t have a tenant. If you are in the process of moving, or you have already moved and need to sell your home quickly, the following tips can help make it happen.
Fill your listing with photos
Whether you’re selling your home yourself or you’ve enlisted the help of a real estate agent, make sure the listing has as many photos as possible. Homebuyers are often turned off by a lack of photos. Also, make sure they are clear, high quality pictures.
Focus on curb appeal
First impressions are very important, and you don’t want to turn off passersby who see your “for sale” sign and don’t even bother checking to see what the inside of your home looks like. Make it look inviting as possible: make sure everything is landscaped nicely, there is no chipping paint, and so on.
Have at least one open house
The more open houses you can have, the better. This will allow more people to see your home and potentially attract a buyer that may not have otherwise seen your home.
Stage the home
This means cleaning the house from top to bottom, and rearranging furniture so that it appeals to the general public. People want to be able to picture themselves, and their own things, in your home. This also means removing any personal items, such as framed family photos. The key is to keep everything as neutral as possible. If a second bedroom is currently being used as a playroom, make everything as tidy as possible. If someone viewing the home had planned on using the second bedroom as a home office, but the floor is scattered with toys, it can be difficult to picture something entirely different in that space.
Invest a little time and money
Speaking of keeping things neutral, you may need to change some things around your home if you want the best chance at selling it quickly. It may seem pointless to put money into a home you want to get rid of, but it may need to be done. For instance, you may love your wall-to-wall purple carpeting, but a lot of potential buyers would be turned off by this and wouldn’t want to deal with replacing it themselves. Additionally, make sure all walls are painted white—think plain, simple, and neutral. And if there are any repairs that need to be done around the home, get them taken care of as quickly as possible.
Throw in something extra
If you really need to sell your home fast, make it stand out by offering something that will entice buyers; for example, offer to cover the closing costs.
Set the price right
If you don’t have the luxury of waiting for your home to sell, you may need to be willing to sell it for less than you had initially planned. Setting it too high may turn off many potential buyers, so ask a real estate agent their opinion on what price you should set your home at.
Juggling with various living expenses—in addition to mortgage payments for a home you’re no longer living in or about to move out of—can all be quite overwhelming and extra cash can come in handy. And if you’re trying to quickly sell a home, you might need extra money to make any necessary repairs or to make renovations that will attract more potential buyers. If you’re receiving structured settlement payments, we can help. At Peachtree Financial Solutions, we buy structured settlement payment streams from individuals that need cash now for an array of reasons. Contact us today to learn more about how we can buy your structured settlement payments for a lump sum payout.
Nothing above is meant to provide financial or tax advice. You should meet with appropriate professionals for such services.