Landing a dream job in a new location, releasing equity for a business opportunity, funding a deposit to move into an aged care facility, needing to settle on your new place quickly, getting a divorce, or downsizing to reduce mortgage stress — they’re just some of the reasons you may need to sell your home fast. Whatever your situation, selling your house swiftly can be a daunting process. There are a number ways in which you can help speed up the process. So, let’s look at these before we explore how Sellable can help your sell your property and get access to your cash within 7 days of accepting our offer on your house.
Set a realistic price for your house
Setting a realistic price for your home is notoriously tricky because people tend to see their own home through rose-tinted glasses. This is quite different from how the market views it, and more importantly, values it. So, it pays to be objective and focus on the properties most similar to your own house, and what they actually sold for. It’s worth noting that listing your home slightly under what the competition is asking could generate increased interest and help you sell your home faster. See our quick guide to finding out your property value for more information about property pricing.
Spruce up your house and make it shine
You need to action all those jobs you’ve been putting off if you want to present your property in the best light. A fresh coat of paint for the house, new cupboard doors for the kitchen, nice fencing for the front yard, a steam clean for the carpets, colourful plants for the garden — they’re all examples of things you can do to increase the curb appeal of your home and help it sell quicker. You can do these tasks yourself but if you need to sell fast, then it’s often better to hire professionals. However, finding good tradespeople costs time and money.
Creating an irresistible-looking house and capturing it on camera is crucial. Industry figures show that getting your home dressed by a stylist can boost the price by more than 10%. It also pays to get your home shot by a professional photographer. Why? Well, because people are likely to see hundreds of images in their house hunt and yours must be strong enough to make them click on your listing at first glance.
While home improvements, styling, and professional photography can help you sell your house fast, they’re often disruptive to day-to-day living. In many cases, you’ll either need to move out or arrange for your furniture to go into storage, both of which can be costly and inconvenient.
Make a marketing plan to sell your house
Selling your house fast relies on it getting seen by as many people as possible. To do this, you’ll need to get signage made, advert artwork and copy produced, and secure listings in print media and real estate websites. You’ll need to promote your property hard if you want to move it quickly, and this means investing more in the premium adverts and listings designed to make your property more prominent to potential buyers.
Work out the type of sale that will help you sell quickly and for the best price
Typically, people sell their house by auction or private treaty in Australia
An auction sale usually requires a four to six week marketing period to attract interested buyers and generate competition. It’s often a lucrative way of selling in suburbs with strong demand. Once a buyer has placed a winning bid at auction, they must pay a deposit and there is no ‘cooling off’ period (a timeframe in which a buyer can change their mind and cancel the purchase). However, settlement usually takes place between 60–90 days after the fall of the hammer — a long wait if you need access to cash fast.
Selling your house by private treaty involves setting a specific price or price range and waiting for a buyer to make you an offer. Unlike a sale by auction, where there is a predetermined timeframe in which potential buyers can view your house, selling by private treaty often means opening your door to countless home inspections. While this intrusion is manageable if you live in a high demand area and have priced your house realistically to help it sell fast, it can become a real headache if the market is sluggish.
A ‘fire sale’ is another option. This type of sale involves a significant price discount on the property in exchange for a very short settlement period. Often people who are experiencing financial stress will sell their house this way. It’s not a great solution because vendors end up losing out on a lot of money. For more information about dealing with mortgage arrears, read our blog post on how to handle mortgage stress the right way.
The value of a good real estate agent
A good agent will understand the complexities and different dynamics of the local real estate market, and this can be exceptionally useful in helping you sell for your target price. However, it takes time to find a good agent with a sound reputation and solid results. Then you’ve got to call them, arrange a meeting, and interview them before you feel confident about working with them. And while they can help you sell your house, they can’t guarantee fast access to your cash — we can.
Sell your house with Sellable and get access to your money fast
Sellable works with professional, independent valuers to offer you a Guaranteed Price, meaning you can be confident you’re getting a fair price for your home. If you accept our offer, you will receive the Guaranteed Price in cash within 7 days of signing our contract. We’ll then work to make improvements to your property to optimise the final sale price and will take care of the whole house sale process. And if your home sells for more than the Guaranteed Price, you will receive 75 percent of any upside. All of this means that if you need to sell fast, then Sellable is the best option.