Are you thinking about selling your home? You might picture a months-long process that includes costly repairs and entertaining many potential buyers.
According to Zillow, average homes sit on the market between 65 and 93 days between the first listing and the final close, but any time the market takes a turn or during certain times of the year this number could be drastically longer.
If you need to sell quickly because of an impending move, the need to dispose of a parent’s home, financial difficulties, or anything other pressing situation, you won’t want to — or can’t — wait that long.
You probably also don’t want to invest a lot of time or money in the process. How quickly do you want to sell? 60 days? A month? What about within a week?
The good news is that it is possible to sell your house in 7 days, and it might not be as difficult as you think. As with any sale, you’ll have to choose your selling strategy, which may include working with a traditional real estate agent, selling the home yourself, or finding a high-quality cash buyer.
1. Sell Your House in 7 Days the Traditional Way
Good real estate professionals should tell you that almost any home can sell quickly, even if it’s not in perfect condition.
You just need to set a realistic (almost always low) price and have an effective marketing plan in place. Different kinds of buyers constantly scan real estate ads for bargains that they can scoop up.
Some buyers may want to purchase your home for rentals or flipping. On the other hand, other buyers just want to buy a home for their own family. They’d prefer to choose their own upgrades and colors, so they’re eager to make repairs and upgrades after purchase in exchange for a lower sales price.
However, you should understand that selling a home traditionally is not a speedy process and in order to find success with this method, you will have to price to sell — meaning a low, below-market price tag.
Even so, you should make the most of what you have when you want to sell a home very quickly. If you choose to sell FSBO or with a real estate agent, the same tips apply. Focus upon these three factors:
Basic Home Staging
Some good, minimum tips to stage your house rapidly include:
- Clean and declutter the inside
- Maintain lawns and landscaping on the outside
- Consider touching up paint and making other cosmetic repairs
A Solid Marketing Plan
Besides making the most of your home’s appearance, important parts of your marketing plan should include the sales price and market exposure.
- If you plan to use an agent, make certain that they have a solid marketing plan for the kind of fast sale you hope to make. Ask agents about prior experience with this sort of quick deal for a house in as-is condition. They should know how to set a price that will attract buyers and where to advertise. They may even have contacts with buyers who are in the market for this kind of deal.
- If you want to sell your home yourself, do some research about the best places to list your home for maximum attention. Make it clear that you want to sell your home or condo fast and in as-is condition, you’ve set your price accordingly, and are serious about making a fast deal. You can look at recent sales and then make a realistic assessment of the value of your own home in comparison.
The bottom line? If you want to sell your home quickly, you will need to give buyers a deal they want to jump on immediately.
Light staging may help catch the attention of buyers, but there’s no time for a massive overhaul. Marketing to the masses may improve your chances of finding the right buyer, but even so, there is still no guarantee they will be willing to purchase a home within a week’s time.
Price is really the name of the game when it comes to quick sales when going the traditional route.
2. Sell to HomeGo for Cash
Finding a buyer the traditional way is difficult and can require a lot of time and money that you do not want to spend. Even if you attract a buyer within a week, you’ll likely still need to wait for several more weeks for a closing date and in some cases, the buyer to finalize their financing.
During this process, the sale can still fall through, forcing you to start from scratch. In other words, you might be able to sell your house in 7 days using traditional methods, but getting the sale to close is a whole different hurdle to clear.
It’s unlikely that you can get cash in your bank account or have the mortgage paid off in that short of a time.
That’s when HomeGo comes in. With HomeGo, there’s no need to stage your home, market the property, or stress over the listing price. We purchase homes in as-is condition and can provide you with a firm offer the very first day we meet.
Because we purchase homes with cash, there is no risk that financing will fall through, causing a deal in your closing. We can close on homes in as little as 7 days, but there’s no rush to move out.
If you need more time, we offer a flexible leaseback program to allow you to stay in the home with cash in hand.
Save on traditional selling expenses by selling to HomeGo because we never require upgrades or repairs, staging or marketing costs, or fees and commissions. If you want to sell your house in 7 days, HomeGo is the way to go.