How can you sell your Chicago home fast?
Many homeowners are facing foreclosure, tired of the burden of negative equity, need to relocate, or just need to sell their current Chicago home fast in order to capitalize on the market. However, what can they do to ensure it gets sold quickly? Foreclosures are dropping, home values are heading up and many homes are competed over heavily, but not every home is selling at lightning speed.
Housing is definitely improving. New Home Sales spiked 12.4% to 654K, which is the highest level since November 2007. Price is one of the most important factors when deciding how to sell your Chicago home. You’ve no doubt heard it before, but the importance of this cannot be underestimated. Over pricing your home won’t mean that you’ll get the chance to negotiate with potential buyers. Once you are beyond a certain range, your home listing will be instantly dismissed and ignored, resulting in lost time.
This carries over to its general visibility by potential buyers. If it isn’t seen and if home buyers don’t know it’s for sale, they obviously aren’t going to be contacting you to make offers on it. If you are trying to sell it yourself, you’ll definitely want to go above and beyond sticking a for sale sign in your front yard and taking out a newspaper ad. You’ll need online visibility to even reach out to cash buyers.
Of course, all of the above won’t matter much in your effort to sell your home fast if you don’t make it readily available for showing. Chicago home buyers are in a wild rush and if they can’t get in to see your home within 24 hours of contacting you, they’ll find something else and make an immediate offer on it.
While overcoming the above hurdles, remember that first impressions are priceless. If you are in a hurry to sell your Chicago home, you may not have time or the funds to do much in the way of serious home improvements. However, you can certainly still spring for sprucing up the yard and de-cluttering to make it more appealing. Doing so may increase the perceived value so that visitors actually make reasonable offers.
Finally, watch who you contract with. Unqualified buyers could keep you tied up for months on end without ever resulting in a real estate closing.