How can I sell my property quickly?

Selling your property does not have to be a time-consuming and complicated endeavor. And, based on our previous experience, we know that there are some characteristics that can help to expedite the process. So, here are our top ten recommendations for selling your home quickly.

1. Hold onto your property records

When it comes to selling a property, one of the steps that take the most time is the documentation process.

If you want to sell your house quickly, you must ensure that you have all of the necessary documentation on hand. If you don't have all of the necessary documentation, speak with your builder and inquire about what you need.

In addition, you must ensure that the property is clear of any encumbrances and litigations before closing. There is a good likelihood that your buyer will conduct legal due diligence on the property before making a purchase.

2. Identify what information your solicitor may want ahead of time.

Your solicitor will need some information and paperwork from your site like Power of Attorney, updates on the title deeds etc. Giving power of attorney to your solicitor so if you secure a buyer while you are away you will not be loosing time on flying over or having all the extra delays of signing papers that have to be send to you and certified in a notary etc.

3. Make first impressions count by dressing appropriately.

When buyers go to see a house, they usually make up their minds about whether or not they like it within a few minutes of arriving. It is well known that the way a home appears from the outside (its curb appeal) has a significant impact on the choice to purchase it.

Clear and tidy the front lawn, or repaint the front door, to ensure that the first impression visitors get of your home when they approach it from across the street is a favorable one.

4. Remove any personal touches from your property.

A buyer will want to see themselves living in your property. Having a cluttered house with too many personal possessions on display might make it difficult for them to accomplish this.

Remember to declutter and put some of those knick-knacks that make your house appear to "you" into storage so that potential buyers may picture putting their own stamp on the property before it goes on the market.

5. Get your toolbox out of the garage.

The charm of your home may be increased by maintaining aspects of it that add value to it, such as the kitchen and bathroom.

It is critical that certain areas of the home be in the finest possible shape before you begin promoting the property, whether it is simply a fresh coat of paint, new kitchen equipment, or the repair of a crooked shelf.

6. Work with a reputable real estate agent in your area.

Examine the sold boards in your neighborhood - this is typically a good indication of which estate agents are doing well in your neighborhood.

Get three separate agents to provide you with appraisals, and always inquire about the specifics of their marketing efforts; will they be promoting your home across several channels and reaching a large audience?

Your property will be exposed to the right potential buyers' eyes through the use of an experienced estate agent, who will have a large number of buyers registered with him or her, who will be proactive.

And who will be able to command a higher asking price, ensuring that your net proceeds from the sale are maximized?

7. Hire a professional pet sitter.

Asking a friend to look after your pet for the day can help to guarantee that a possible buyer is not turned off by a pet-specific odor or a fear of dogs while seeing your house.

8. Take use of your real estate agent's knowledge and experience.

Estate agents live and breathe property sales, so they're skilled at anticipating the questions that purchasers are likely to ask and are able to successfully present your home to prospective buyers.

Your agent is in the greatest position to address any inquiries or concerns from prospective purchasers since they are familiar with the process.

9. Be willing to adapt.

This is critical throughout the whole sales process. In the event that a prospective buyer requests a nighttime showing after you've had a hard day at work, you might consider providing them access to the property.

The greater the number of potential buyers that visit your house, the greater the likelihood that you will receive an offer, so being flexible may really pay off.

10. Sell your property to a wholesaler for a profit.

That over 40 percent of all real estate transactions in this nation are completed entirely with cash is something that the majority of people do not realize or comprehend. This indicates that there are no financial institutions engaged.

It also implies that the majority of the traditional underwriting roadblocks have been removed. Wholesalers, on the other hand, do something a little different. They provide assistance to the middle man in your home.

Not for top-dollar, at any rate. However, you will receive a reasonable sum. There's no doubt about that. They've arranged for cash purchasers on their end, who have informed them of the stuff they're interested in purchasing.

All a wholesaler does is place your home under contract and then sell it to a cash buyer who pays cash on the spot. Often, this requires them to spend little or no money out of their own pocket. So what would be the point of selling it to a wholesaler?

It is, after all, quick. It will sell much more quickly than if you tried to list it with a typical agency. So, how do you go about finding a wholesaler? That's a little more difficult to figure out. They have a habit of tracking you down.

In their hunt for distressed sellers, they seek signals that the property is ready to be sold at a steep discount in order to qualify for a loan modification.

11. Reduce your pricing by a significant margin.

Look, you are unable to modify the location of your residence. You just cannot do so. However, you have the option to adjust the price. Furthermore, depending on the state of the market, drastically adjusting your pricing might significantly expedite the transaction process.

I'm not referring to a little change in the price of a commodity. I'm referring to a significant reduction in the asking price. If your home is now listed for €400,000, lowering the price to €350,000 represents a significant decrease in value.

Dropping it by €5,000 isn't going to help you much in this situation.

Once again, the price is a significant driving element. Keep in mind that customers are drawn to products that are offered at a steep discount. Moreover, keep in mind that your house must be an excellent value relative to other properties in the community.

It will make no difference if you have drastically reduced your price but are still prohibitively expensive when compared to the other properties on the market. People are looking for a good price.

They would rather prefer to purchase the least costly property in a community rather than the most expensive one in the area. Some individuals may consider all of the upgrades to be significant. However, if you want to sell quickly, the price is the most important factor to consider.

The Bottom Line

Selling a property may be stressful, and it can be considerably more difficult if you're up against a tight deadline. Fortunately, whether you need to sell your home quickly due to a new job, a life event (such as a divorce), or financial reasons, there are methods to expedite the process in most cases.

If you don't have a lot of money to spend on getting your house ready to sell, concentrate on making a good first impression.

The majority of buyers can make a judgment in seconds—a few seconds from the curb and a few seconds after they go through the front door. Make those seconds matter by keeping your yard immaculate, your home gleaming, and, if you can afford it, a fresh coat of paint on the walls.

Author: Christos Nikolaou

BEng Mechanical Engineering, MSc Real Estate, ETEK Property Valuer, Register and Licensed Real Estate Agent.

Christos Nikolaou is the founder and Managing Director of Property Canvas, he holds a license as an Estate Agent from the Association of Real Estate Agents of Cyprus and he is a registered Property Valuer in the Technical and Scientific Chamber of Cyprus (ETEK). He is the author of our “How can I sell my property quickly?” and is a certified advance negotiator.