Here’s the good news: the real estate market is strong in this country.
In fact, this July, MLS-listed homes spent an average of 36 days on the market. That’s the fewest number of days on the market for July since the National Association of Realtors began tracking the data.
In other words, homes are selling fast.
But if your goal is selling your house faster than your neighbors, that means you’ll need some serious advantages over them.
So, to help you figure out how to position your property better in your neighborhood, here are six tips to make sure you’re ahead of the competition!
A Guide to Selling Your House Faster Than Your Neighbors
1. Make Your House More Desirable
It’s all about your presentation, so make sure your house is spotless and as attractive as you can make it.
Think about the buyer’s perspective. You want them to see all the strengths of your home highlighted, and the flaws softened.
You should even think about details as small as lighting. Include a mixture of natural and artificial light to brighten up every room – and make sure there’s no dirt to speak of.
And remember, it’s harder for a buyer to see themselves living in your home if all your stuff is still there taking up space. The more your personalization is absent from the property, the better.
If it’s at all possible, move out. Vacant homes simply show much better than occupied homes.
If you can’t move out, you should at least make it look like you’ve already moved out. One of the easiest ways to do this is to rent a storage unit and shove everything you don’t need into it.
That way, buyers will be able to understand all the possibilities your home has to offer.
2. Update Landscaping
Put yourself in a home buyer’s shoes. If the first thing you saw when you looked at a listing was a bland or ugly yard, you might not feel too attached to the property.
And if all the homes you looked at fell within the same price range – something very likely in a neighborhood full of comparably-priced listings – the properties with better landscaping would stand out the most.
Now, you may argue that you already do have beautiful landscaping. That may be, but it’s still important that it appears to be new landscaping.
Here are some landscaping tips for selling your house fast:
- Add new mulch
- Remove any dead or damaged vegetation
- Plant some bright and colorful new flowers
- Tidy up your yard by shaping and trimming your hedges
- Edge your lawn
- Pressure-wash your house, walkways, and driveway
- Add a fresh coat of paint to your trim and shutters
- Polish your doorknobs and drawer handles
- Clean cobwebs and bird droppings from the roof and porch
If you keep your house spick-and-span, you’ll radically alter your curb appeal and attract buyers faster than your neighbors and their boring lawns.
3. Update Paint and Flooring
Walk through your kitchen and living areas. If you find yourself thinking you could possibly use a new coat of paint and some better flooring, you absolutely need it.
At least, if you care about selling your house faster than your neighbors, you do.
If your carpet is more than three years old and you can afford to change it, tear it out ASAP. If the paint on your walls has lost its shine, paint over it.
These changes will have a small upfront cost. But when you compare that to the payoff of selling your home faster than your neighbors, you’ll get over it.
4. Price Competitively
This might be the most obvious of all these tips for selling your house fast, but it’s also the most important:
If you try to sell your house for more than it is actually worth, you’ll be left in your neighbors’ dust.
The problem is that sellers always want more than their property is worth, just like buyers always want more than they can afford.
So look around your neighborhood. Are your neighbors selling their homes for higher prices than you know they’re worth? If so, take advantage of it!
Don’t base your price on the prices of other listings like they did. Most of the time, those listings are the result of delusional optimism. Instead, base your price only on what houses have already sold.
Because these sales have actually happened, there’s a better chance you might have the same luck.
Sure, you may feel a little disappointed if you don’t get exactly what you believe your home is worth – but selling your house faster than your neighbors will make it more than worth it.
5. Advertise Effectively
One of the most important aspects of selling your house faster than your neighbors is to use advertising the right way from the beginning by covering all your bases.
Better yet, just don’t expect your agent to cover all of your marketing.
This means not only posting your listing in the local paper and on the MLS website – you also need to take pictures and possibly even video to get your listing out there.
Use Craigslist, Zillow, Trulia, and even your social media accounts to show off your property. You never know what sort of results you might have on each of these sites, so you’ll benefit heavily from spreading the word.
6. Don’t Wait
It’s been said before, but it still holds true: your first buyer is often your best buyer.
Because the person who’s ready to snatch up a new property as soon as it hits the market is probably among the most serious buyers out there.
You may be tempted to wait and see what’s around the next corner after you receive your first offer, but the longer you stay on the market, the worse you’ll do.
And you might just be the last one out of the neighborhood.
So if you don’t want to let your neighbors pass you by in the home selling game, you should hire a real estate agent with years of experience and success in the Austin, Ft. Hood, and Killeen region. Contact me today!