What’s The Best Way To Sell My House?
With all the ripples in the economy and so much uncertainty about the future of the US economy, many people are thinking about selling their homes. However, when you work with a real estate agent in Lowell, the process can take a long time. Any way you slice it, the longer it takes for you to sell your house, the more money you continue to spend. Below we offer some tips to sell your house faster and what you can do instead of listing your house in the traditional manner with a Lowell real estate agent. As always, if you have any questions about the current state of the Lowell market or would like an all-cash offer on your property, feel free to reach out!
First—Amp Up Your Marketing
With the economic shift happening, some experts believe that there will be a lot of people needing to sell their houses in Lowell. If you are trying to sell in the traditional way, you’ll need to amp up your marketing to help your house stand out from the competition. You can host interesting open houses, create a one-of-a-kind virtual tour, or advertise in places where your competition isn’t. Two examples of online advertising are Craigslist and Gumtree.
You should also enlist the help of a professional photographer and staging company to help showcase your property in its best light. When stepping up your marketing game, make sure that the costs are justified. You don’t want to spend a fortune marketing the property with little to no result. Photography, virtual tours, and open house costs can quickly add up, make sure your efforts are worth it!
Second—Price It Lower
If you decide you want to put your house up on the open market and you need to sell it fast, you’ll need to price it to sell. This means going just a bit lower than what other comparable houses in your neighborhood are selling for. And when setting a sale price on your Lowell house, be sure to stay within your area. For example, houses in Centralville near the Merrimack River will sell for a very different price than those in the HIghlands. While this “lower-price” strategy can help you sell fast, you cannot forget to factor in your other selling costs in addition to the deep discount you are offering on your sale price.
If you price your house to sell fast and you are working with an agent, you will have a number of other costs to contend with as well. Between commissions, closing costs, marketing expenses, and the continued holding costs, you may be out more money than you think. Before pricing your house low, run the numbers on your sale to make sure it makes sense for you. Selling to a direct buyer will typically give you a net profit that is less than retail, however, you typically make up for that because you won’t have to pay out of your pocket for any of the additional costs listed above.
Third—Why Not Work With An Investor?
Working with an investor is the fastest and most convenient way to sell a house in Lowell. That said, not all investors are the same. When working with an investor to sell your house in Lowell, you’ll need to work with someone who is experienced, fair, and has a genuine desire to help you with your situation. At Summit Buys Houses, we have years of experience with all of Lowell’s neighborhoods and buy Lowell houses all the time. We will make you a no-obligation offer for your house in Lowell. If you decide to sell to us, we can close in only a matter of days. By working with an investor, you will be able to sell your house almost immediately, without any cost to you.
Fourth—Spend Time And Money To Fix It Up
It may seem counter-intuitive to spend money on a house you want to sell, but by fixing it up, you will likely be able to attract more potential buyers. And you usually can set a higher sale price for a house that is in good-to-great condition. That said, investing in a house you want to sell in the near future can be risky because there is really no guarantee you will see a positive return on the cash and time you’ve invested.
You’ll want to avoid any large projects that will consume your time and money—like a kitchen or bathroom renovation. Instead, focus on smaller, more cost-effective improvements that will have a big impact. Some examples of this would be changing out cabinet hardware, adding some lush-looking plants, and applying a fresh coat of paint. All of these can work wonders in attracting qualified buyers to your property once you’ve decided it’s time to sell your house in Lowell.
Fifth—Utilize A Short-Sale
This method is best used in a very particular set of circumstances—usually if you have fallen behind on mortgage payments to your lender. A short sale isn’t always ideal for home sellers in Lowell, but it can get you out of a tough situation rather quickly. With a short sale, the homeowner works with their lender to determine an agreed-upon price for the sale that is less than what you owe.
Only certain homeowners are eligible to utilize a short sale and much will depend on the cooperation of your mortgage lender. To qualify, you will need to be able to show your lender that you are experiencing financial hardships. From beginning to end, the short sale process can take quite some time—as much as a year or more! It’s best to be prepared to wait around for a while for the process to be completed. Although this isn’t always the best option when you need to sell your house fast in Lowell, we mention it here because it has helped some homeowners move on and improve their financial standing.
When it’s time to sell your house in Lowell, you have a number of options—usually more than you’ve considered! Your financial situation is totally unique from anyone else’s. So, it’s important not to rule out any of your choices until you’ve worked through the numbers so you can see which one serves you the best. You may feel overwhelmed, especially with everything happening in the world right now.
However, working with Summit Buys Houses will give you the power to sell your house fast, leaving all commissions, costs, hassles, or waiting in the rearview mirror as you begin a new chapter in your life!
We can help you sell your house in Lowell right now!
Reach out to us today to find out how we can help you! (978) 254-3800
We buy houses in Lowell, Reading, Lexington, Burlington, Stoneham as well as everywhere else in eastern Massachusetts. If you want to sell your house, condo, or apartment building situated anywhere in the Middlesex, Essex, and Worcester counties of Massachusetts—contact us for a quick, confidential, no-obligation cash offer. There is never any cost to get our cash offer in writing and we’ll never pressure you to say “yes”. “Summit Buys Houses” is incorporated as Summit RE Group LLC.