Hi friends! Every day, we get asked about simple yet effective strategies for selling a property fast and for maximum profit. In today’s post, we will cover 4 simple strategies that will allow you to sell your house fast and for higher profits.
TIP #1: Determine Your Approach: One of the first things that property sellers should do before selling their house is picking the right strategy for selling. Picking the right strategy is going to allow you to position yourself to sell your house fast and allow for higher potential profits. Now, there are many strategies for selling your property, but the two main ones are; one,
—Selling Your Property for Cash: this strategy is geared toward those sellers who are in a time crunch situation and want to sell their property fast. They’re usually dealing with an unfortunate life event and want to get rid of their property.
—Listing Your Property on the MLS for Maximum Potential Price: This strategy is geared towards those sellers who are not pressed for time. They don’t mind having their property sit on the market for potentially weeks or months while they wait for the right buyer with a good offer. If you’re still unsure about your selling strategy, you can contact us at propertyfocusillinois.com, and we can help you walk through your options and customize a plan to help you sell your property.
**Great Resource: Check out this great video with additional tips that can help you sell your house fast
TIP #2: Determine HOA Restrictions: These days, you will find more and more property owners are facing selling restrictions from their HOAs. Generally these restrictions are being placed on properties like townhouses and condos, but it wouldn’t surprise me if these restrictions would eventually trickle down to single family residences as well. Many HOAs are placing restrictions on the rentability of properties. Which is why it is important to determine if the property association allows the property to be rented. If your HOA does allow your property to be rented, then chances are your property is going to attract a wider base of potential buyers, including investors, because they realize the possibility of monthly rental income. Alternatively, if your property association does not allow your property to be rented, then you are more likely to attract owner occupants who would be buying the property for themselves. Knowing the answer to this question is going to go a long way to help you sell your property fast and for the best possible price.
**Great Resource: I recently came across a fantastic article from Lena Katz from Million Acres which provides great information on HOA rental restrictions. Check it out here.
TIP #3: Assess Your Property’s Condition: One of the biggest factors that will go into how quickly you will sell your property or for how much will depend on the condition of your property. The better the condition of the property, generally the higher the price you can ask. If your property is in need of excessive repairs, then selling it for cash might be a better option where the property gets purchased as is without you having to make expensive repairs. Alternatively, if your property is great condition with many upgrades, you might be better off listing it on the market. By assessing your property’s condition, you’ll be able to better manage expectations and sell your house fast.
TIP #4: Right Tool for the Job: The last step in helping you sell your house fast is have the right tool for the job. Or in this case, an experienced set of professionals who have the expertise to help you sell your property fast. Just like you wouldn’t use a screwdriver to hammer in nails, you don’t want to take the risk of dealing with companies with unproven track records to sell your property. In these unprecedented times, you want to make sure that you’re dealing with companies that would deliver on their promises and are able to close deals. At Property Focus Illinois, we are a broker realtor owned company with years of real estate expertise. We would be happy to create a free customized plan to help you sell your house fast and for a great price. As always, thank you for watching and visit www.HomeFocusIllinois.com for more information.