Many homeowners in South Carolina sell their homes when foreclosure looms. Their goal is not just to sell the house, but to do it quickly. In a buyer’s market, when homes take longer than average to sell, foreclosures are most common. South Carolina has the sixth highest foreclosure rate, which is no surprise that many homeowners want to sell right away.
Only three factors influence whether your home sells quickly: pricing, marketing, and condition. Here are some tips and tricks for selling your home in record time.
Step 1: Pricing Your House
Don’t try to recover equity that isn’t there.
In the context of the current fair market value of your home, it is irrelevant that you bought your home for thousands more than what houses in your neighborhood are selling for. Your goal must be clear: Are you trying to get the best price for your home, or are you trying to avoid the seven-year black mark that a foreclosure can leave behind?
Don’t overprice your house.
Be clear about what you want. Make sure you price your home aggressively so it sells fast. An overpriced home will not even be noticed by some buyers because it will seem out of their price range. When your house sits on the market longer than it should, lowballers will emerge.
Make sure you understand how low you can go.
Your home won’t command a premium price just because you owe a lot on it. If you owe more than your home is worth, call your lender and ask if they will accept a low sale price. List your home for that amount (don’t forget about closing costs); a short sale blemishes your credit but not as badly as a foreclosure.
Step 2: Marketing Your House
Make sure you market your home well.
This is your agent’s responsibility, but you should make sure it gets done. The vast majority of home searches begin online. You should also list your property on the top real estate listing sites and on your realtor’s social media accounts.
There is no such thing as too many pictures.
Majority of buyers skip over property listings without pictures. Adding more photos to a listing will make buyers spend more time looking at it, which will make them more likely to come see your home. Ask your realtor about a real estate photographer.
Offer financing perks and/or creative concessions.
Some house hunters might have a hard time buying your house. Offer concessions such as assuming your mortgage (with the lender’s permission), a lease with the option to buy, or credit for closing costs to help the buyer defray closing costs.
Step 3: Conditioning Your House
Fix it up, but don’t spend too much. It is likely that you cannot afford to do major repairs if you are facing foreclosure. Paint and carpet are inexpensive but make a significant difference in a room’s appearance. If you want to sell your home, make sure your place is immaculate every time a buyer walks in. It can even cost you a sale if you have piles, messes, and odors that distract buyers.
If your budget doesn’t permit you to fix your home, you can choose to sell as is. You can list your house as is or contact a cash home buyer who will buy the place for cash in any condition.
Knowing that your home is close to foreclosure can be a stressful time. But it’s not the end of the world. Selling your house before foreclosure ensures that you will have a fresh start.
The No-Hassle Way to Sell Your Home
Sell My House Fast GSAP can help if you’ve been struggling to sell your house. We buy houses all over Greenville and have helped thousands of homeowners sell their unwanted property quickly and easily.
Typically, we cover most, if not all, closing costs and can get you paid in as little as 30 days. No matter what condition your home is in, our local agents are prepared to make you an offer. Your house doesn’t need to be fixed or remodeled; we’ll buy it as it is.
Get a free estimate on your house today. Call us at (864) 428-9197 or visit our website at https://sellmyhousefastgsap.com/ to get started.
