So you’ve been thinking about selling your house in Lowell for a while now, and finally decided to make the jump. Of course, now, you want to sell fast in Lowell and obviously sell for the highest price possible. At Summit Buys Houses we’ve had a lot of success buying and selling houses throughout Lowell, so we’d like to offer you a few ideas you can do to sell your house fast in Lowell.
What Is The Appropriate Asking Price?
The number one thing that will sell your house fast is to offer it for sale at an appropriate asking price. Spend some time and research on the recent comparable sales in the close area to the property. Make sure to analyze all aspects of the property: the year the property was built, the proximity to shopping plazas, grocery stores, or other points of interest in the neighborhood. A huge factor in making your house desirable to buyers will be the schools that are near you. You can find Lowell Public Schools’ information and rankings online.
Determine the appropriate asking price by using the most recent sales possible, preferably those houses that sold within 1 mile of your home in Lowell. These properties should have sold recently—within the past 90 days is best in a fast-moving real estate market like Lowell..
If there aren’t enough properties that have recently sold you can expand your search to locations within 2 miles of your house that sold in the past 6 months. If you can’t find any recent sales that are similar to yours, consider using other properties in the area and subtracting or adding value based on features that your property does or does not have.
When determining the selling price of your Lowell property, you need to strike a delicate balance. For example, if your asking price is set too high, you may not receive as many offers because that lends a legitimate Lowell homebuyer to believe you do not really want to sell your property. On the other hand, if you offer the property for sale much too far below the current market, then buyers might believe there is something really wrong with the property that you’re not telling them about and simply won’t pursue buying your house at all.
What About Aesthetic Improvements?
When you put your house in Lowell up for sale, you face a lot of competition from other houses that are in “Showroom-ready” condition. If you make some affordable and necessary repairs and improvements to the property, that will definitely help sell your house fast. If a buyer can walk into the house and imagine themselves and their family living in the house, this will definitely help sell the property faster.
When you put your house in Lowell up for sale, you face a lot of competition from other houses that are in “Showroom-Ready” condition. If you make some affordable and necessary repairs and improvements to the property, that will definitely help sell your house fast. If a buyer can walk into the house and imagine themselves and their family living in the house, this will definitely help sell your property faster.
Do keep in mind that some types of repairs and updates may change the value of your house from an insurance perspective as well. This can have an impact on the bottom line when it comes time to sell. Here is a fantastic Bankrate article to look over.
Offering a unique feature with a “sizzle” factor in the property will help your house stick in the minds of potential buyers. One such example would be a custom bar on the back porch. That just might help a buyer fall in love with the property and make an offer quickly and they may even be willing to pay you a higher price to sell them your house!
Does An Open House Sell Your House Faster?
Hosting an Open House will help you sell your home because it almost always attracts attention and a lot of potential home buyers. It can also be a great way to instill a sense of competition among potential buyers when they see a number of other people looking at your house. An Open House may also encourage Lowell’s local real estate professionals to visit the house in hopes that it will meet the criteria of one of their clients.
If a real estate professional is out searching for client houses, this means that their clients are pre-approved and ready for a quick sale. The real estate professional may even like the property for themselves! Other potential buyers will also attend; however, some of them may not be pre-qualified or even able to obtain a loan.
Can I Put My Network To Use?
If you are an investor who flips properties, you most likely know other real estate professionals, or professionals in related fields, such as pool cleaners, property inspectors, or contractors. These connections have access to a large word-of-mouth database made of the customers they do business with and can mention your property to them, especially if they mention that they are in the market for a new home. Even if you are not a real estate investor, make sure to tell all of your friends and family your house is currently up for sale on the Lowell real estate market. This is a great way to spread the word.
Prepare a Proforma
For multi-family properties or even single-family residences, preparing a proforma for the property will be another tool to sell your house fast. This will be especially attractive if your property is multi-family because this is the most important part of investment: the return on investment! Doing your research on the rental market in the area will definitely be worth it because it is the backup of your estimated rental amount. Investors will be able to compare this with the initial investment they are making and determine if it meets their investment goals.
Related Reading
For more information on prepping your house for sale check out this short article from HGTV.
Call Summit Buys Houses today at (978) 254-3800 or send us a message to discuss these and other things you should do to sell your house fast in Lowell.
We buy houses in Lowell, Woburn, Fitchburg, Burlington, and virtually everywhere else in 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” to our offer. “Summit Buys Houses” is incorporated as Summit RE Group LLC.
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