What is the secret to a fast sale of a property? This is a question several different types of homeowners have. Some need to sell fast because they need the funds from the proceeds. Others might be looking to take advantage of a favorable market. But the main goal is not to sell fast. It’s selling fast at the best possible price.
A few tips from experts (including New York City brokers) for selling your property fast are:
- Pricing is right and can be the key. If you set a price that leaves too much room for negotiation and attracts multiple lowball offers, you will have to spend time sifting through them to find serious buyers. But you can’t price it too low, or it would lose you value. At the lower end of the “reasonable” price for your property is a sweet spot.
- Find a broker/agent who has experience, not just in your type of properties but in your building (if you are selling an apartment) and neighborhood. This can fast-track the process.
- Renovations are tricky to navigate. Even if you are willing to sell at a lower price as is, it won’t sell fast if it’s too worn down. Your agent can guide you on what the right approach is, or you can gauge the reactions of potential buyers if you are selling FSBO. If renovations can help you sell quickly, they are a practical time investment.
- Open houses can help you get more potential buyers through the door quicker and can significantly increase your chances of getting a serious offer.
- If you put your home on the market at the right time, your chances of selling fast can soar. March is usually the best month to sell fast and at your asking price in NYC.
