Hurdle #1—Knowing The Manchester Real Estate Market
Selling your Manchester house must begin with your understanding of what the local real estate market is like. This might sound like a really complex task but luckily all of the online resources available now make this a fairly simple process. You simply need a little attention to detail and some time to some digging. Hop on a website like Redfin.com or Realtor.com and put in a search for properties that are now up for sale in your Manchester neighborhood and others that have sold over the last six months.
The fastest way to get the best comparisons is to type in your Manchester zip code, like “03102” or “03109” directly into the search bar.
If there are a lot of homes currently up for sale you will encounter the first hurdle. When Manchester homebuyers have a lot of choices, they are going to be extremely picky. This means your house is going to have to be in tiptop shape in order to compete with all of the other houses up waiting to sell right now.
On the other hand, if there are only a handful of houses for sale within a mile of your Manchester home, you may be in good shape. This means that home buyers will have fewer choices and may be likely to buy your house right away.
Hurdle #2 —Preparing Your Manchester Home To Sell Quickly
To make sure your house in Manchester is ready to sell, you absolutely must invest both time and money into it. There’s just no way around this fact. Most potential Manchester homebuyers are a choosy group and they are going to want a house that is move-in ready.
This preparation is going to include painting darker or faded-looking areas. You should pay particular attention to your kitchen and bathrooms as these are the number one selling factors when you put your house up for sale. You may want to turn your bathroom into a “spa-like experience” of some kind because again, this is a huge selling point with potential Manchester homebuyers.
You’ll want to remove as many of your personal items as possible because potential home buyers want to be able to envision themselves living in the home. If you have pets or other sources that may cause objectionable smells you should take all steps necessary to make sure and eliminate these problems.
These suggestions are to simply make your Manchester house more visually appealing to your potential house buyers. But we have not mentioned making any types of repairs. If you have any problems at all with outdated kitchens or baths, a roof or windows that need to be replaced—or really any other significant repair problems—you will have to sink your money into getting these fixed before you can put your Manchester home up for sale.
Hurdle #3—Keeping the Home In Manchester Ready To Sell
OK so let’s assume you have overcome hurdles number one and two. If you are continuing to live in your Manchester house you will have to live in a showroom while the property is up for sale.
This means making sure most of your personal items are out of sight, keeping all areas of the home clean, making sure no objectionable smells linger, and in general, making sure the house always looks like it is ready for a magazine photo feature. Because a realtor will bring potential homebuyers to your house every day of the week—sometimes with very short notice—you have to always be prepared for these unannounced visits by keeping the house absolutely spotless and showroom ready.
Hurdle #4— Manchester Home Buyers with Unrealistic Expectations
In the back of their mind, buyers expect even older, used homes built in the 50s and 60s to look and feel brand new. Few will want to pay your asking price. These attitudes can become a frustrating hassle, especially when you’re trying to sell a home that you’ve loved and where you’ve made so many memories over the years.
Today’s Manchester home buyers may have what you would consider unrealistic expectations. For example, even if your house was built in the 1940s or 50s they are going to expect it to look and feel brand new. And very few will expect to pay the asking sale price that you have set.
You may have lived in your home for many years. You may have worked very hard to keep it clean and in good repair. And it’s likely your house has many personal memories for you. As a result, listening to buyers’ harsh comments and objections may seem insulting and can be a great source of frustration and stress as you try to sell your house in Manchester.
Hurdle #5—Potential Delays To Selling Your Manchester Home Fast
Once you’ve accepted an offer from a Manchester home buyer you may think all your troubles are over. But honestly, this is where many of the problems and delays in selling your house will show up.
Almost all offers are going to have contingency clauses in them. These are escape clauses your home buyer can use to back out of the deal if certain conditions are not met. The first and most common contingency is known as an “inspection contingency.” This says that the buyer can refuse to buy the property if an approved home inspector combs through every aspect of your home and finds problems.
If you haven’t had an inspection on the property before putting it up for sale you may be in for some expensive surprises. Home inspectors will disqualify the house if the electrical system is out of date or too small for the size of the property. They will also look to see that your foundation has no problems, that the roof has life left in it, and that all windows and plumbing are sound and have a reasonable life expectancy.
If the home inspector does find significant problems, many times your Manchester home buyer will come back and ask to renegotiate their contract with you. They may ask you to make the repairs to reduce your selling price and pay their closing costs or any other various concessions. All of those mean that in the end at the closing table you will walk away with less cash from the sale of your house.
Hurdle #6—Your Manchester Home Buyers’ Mortgage Company
So, you put your Manchester house up for sale and you’ve navigated through all of the hurdles we’ve mentioned above. But unfortunately, things are not completely set in stone yet. The last hurdle can be the most difficult to overcome, and this is dealing with your homebuyers’ mortgage company.
You don’t have any control over this piece of your home selling journey. And this is one that usually makes it the hardest to sell your Manchester home fast. The simple fact is that New Hampshire mortgage lenders are very picky about how they lend their money!
The first thing that could go wrong here is that the appraisal the bank has ordered on your home does not come back with an appropriate dollar amount. Or they may have discovered that your buyer has some bad credit history somewhere in the past and now consider them a bad lending risk. In that case, they would pull their funding all together and if your home buyer had a financing contingency, they can back out of the deal without losing any money. In that case, you are back to square one; preparing to show the property to new potential Manchester homebuyers and negotiating a whole new deal with someone else.
There Is A Better Way To Sell Your House In Manchester Right Away
Now we are a little biased regard, but we can tell you honestly that there is a simple way to sell your house fast while eliminating all of the headaches we’ve listed above. If you think out of the box just a little bit you may find that selling to an experienced and trusted cash homebuyer like Summit Buys Houses will be a fast and profitable way to sell your Manchester house quickly.
Once we’ve looked at your Manchester property and talk to you about what you would like to do once the house is sold, we’ll be prepared to give you a written cash offer for the property. Keep in mind that with our offer we are not asking you to make any repairs, do any cleanup or updating using your own money. Any changes that will be made to your house will be done by us after we buy the house from you.
And you will never have an issue with the credit worthiness of your buyer. Because we are cash home buyers, there is no mortgage company involved. And as a result, you don’t have to worry about our credit worthiness, the appraisal on a property, or anything else that a typical bank would ask for.
Best of all you stay in control during the whole selling process. Instead of waiting for the bank to say when you can close, you choose the day that we close. We always make it so that it is the best possible transition for you from your existing house to the new home you have chosen.
Our written offer is always the highest possible cash offer we can make. It may not be as much as what a realtor said they could sell the house for, but you have to keep in mind you will not pay thousands of dollars in real estate commissions, you will never have to spend money on repairs or cleaning and you won’t have to continue making mortgage and property tax payments for all the months you wait for the property to sell.
When you do the math, it may be just as profitable to sell to a trusted cash homebuyer and you eliminate all the waiting, insults and stress that the 6 hurdles bring to you when listing your Manchester house for sale with a real estate agent.
Let Us Be Your Most Valuable Home Buyer!
You should ALWAYS check on the company that you work with! We’d like you to look at our Google Reviews. And go to the Better Business Bureau web site to see why they’ve given us an “A+” Rating year after year. We are proud of our long list of satisfied clients—it’s a testament to our experience and caring for your needs.
We are “The Local Guys” who buy New Hampshire properties for cash. We buy the good houses, the bad houses and we buy the ugliest houses! No matter how bad you think your property is, give us a call.
If you have any questions or would like a free quote on your home. There are never any “high-pressure” sales tactics from us and everything is free of charge. We are here to help—what have you got to lose by giving us a call?
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We buy houses all over the state of New Hampshire in places like Manchester, Nashua, Concord or Derry to name just a few locales. We buy the ugliest houses along with those that are in good shape—it doesn’t matter—we’re ready to buy your property! Why not contact us for a quick, confidential, no obligation cash offer and the best, no-pressure advice. We buy houses in any condition and WE PROMISE TO give you the highest possible cash offer in writing. “Summit Buys Houses” is Summit RE Group LLC. and is duly registered to operate in the states of Massachusetts, New Hampshire, and Nevada.