How to Sell Your House in 5 Days
The real estate frenzy of the last year has got a lot of people considering selling their homes and taking advantage of the current market.
You can get a new mortgage for a historically low interest rate, and many buyers are getting into bidding wars and paying more than list price. But what do you want to do if you don’t want to go through the whole ordeal of listing and selling a house?
What would you say if we told you it was possible to sell your home in under a week? Read on to learn how to sell your house in 5 days and walk away with money in hand.
Average Time to Sell a House
Before we dive into how you can sell your house fast, let’s talk about how long it takes to sell a house traditionally. The first stage of the home selling process is to prep your home for sale. This will likely be part of your sale process either way and can take anywhere from one to three months.
Once your house is listed, you can expect it to stay on the market for an average of forty-three days as of this writing. Then if you don’t work with a cash buyer, you’ll need to wait another month or two for inspections, negotiations, mortgage approval, and so on. Overall, you’re looking at anywhere from three to six months to sell your house the traditional way.
List at the Right Time
One of the first things you can do to help sell a house fast is to list it at the right time. Like any market, the real estate industry has busy seasons and slow seasons when buyers are more and less likely to make offers. Listing during a peak season can reduce your number of days on the market and get you an offer sooner.
In general, people start shopping for homes around the late spring and early summer so they can move while their kids are out of school. Listing your house in April, May, or June can help you get a buyer faster. If you decided to sell your house in November, use the intervening time to prep your home for sale (more on that later).
Price Your Home Right
The other major thing you can do to speed up your home selling process is to price your home right. Of course, everyone wants to price their home higher so they can get as much money out of the sale as possible. While that is important, you don’t want to price it so high that it drives away potential buyers.
Take a look at other homes in your area that have sold recently, especially those that are about the same size as your home. How much did those homes sell for, and how much time did they spend on the market? If you want to achieve the goal of selling a house in five days, you’re going to want to price your home a little below these comps to draw in eager buyers.
Stage Your Home
You might be surprised to learn how much of a difference staging your home can make. When potential buyers walk in, they don’t want to see a list of to-dos that they’re going to have to tackle as soon as they move in. You want to make your home as welcoming and turnkey as possible for your potential buyers.
Start by painting any brightly colored rooms a more neutral hue and doing any minor repairs your home may need. Fix torn screens and drooping gutters, replace outlets and lights that don’t work, and mow your lawn. Remove any clutter and personal items from view, and consider having your home professionally cleaned for that extra wow factor.
Be Prepared to Negotiate
If you’re planning to sell a house fast, you’re going to have to be willing to negotiate with buyers. We know, you may already have dropped your asking price below comps in the area to help it move fast. But most buyers are going to come in with an offer under asking price to get the best deal possible for themselves.
Decide on the absolute lowest you can go with your home sale, as well as which is more important to you: selling fast or making more money. If you want to sell fast, accept the first reasonable offer that comes around. Otherwise, be prepared to go back with your baseline sale price so you can wrap up negotiations quickly.
Sell As-Is to a Cash Buyer
If you want to sell your house in five days, you don’t have time to deal with the full inspection process. In a traditional home selling situation, once you get an accepted offer, you’ll have to allow the buyer time to have the home inspected. There will also be additional rounds of negotiations over who will be responsible for fixing any problems that show up on the inspection report.
One great way to avoid all this rigmarole is to sell your home as-is. Buyers who are applying for a mortgage will be required to get an inspection to get their mortgage approved. But if you work with a cash buyer, as soon as you two agree on a sale price, you can set a close date and get your money fast, no inspections needed.
Learn How to Sell Your House in 5 Days
Under normal circumstances, selling a home can take anywhere from thirty to ninety days. But there are some situations where you simply do not have that kind of time to deal with the selling process. If you list at the right time and for the right price or you work with a cash buyer, you can sell your house and have money in hand in less than a week.
If you’d like to learn how to sell your house in 5 days, check out the rest of our site at Selling Home. We can help you sell your house for cash fast, and we beat the other guys’ offers. Contact us today and sell your home as-is with no fees in as little as twenty-four hours.