Selling your home in Shawnee KS fast can be a tough thing to do if you have never done it before. This process requires effort and can be very frustrating, especially since it is often impossible to find a real estate agent who can help you sell your home free of charge.
In Kansas City, some seek to sell their homes fast when the property is at risk of foreclosure. Some also sell their homes so they can move to a different place and get the money they spent on their old home back.
Regardless of your situation, there are ways to sell your home in Shawnee KS fast. While it may sound difficult at first, all you need to do is some wise strategizing to get it right.
Selling your Shawnee KS home is a nerve-wracking undertaking—probably even more stressful than bankruptcy or divorce. Throw in the fact that you need to sell it fast because of a financial hardship, or a sudden need to move out of your current home. Well, the pressure is really on.
Although there is pressure in selling your house fast, making rash decisions might only leave you second-guessing and suffering because of your sloppy choices down the road. Always remember that when selling your home, your goal is not only to sell your home quickly—you also need to sell with confidence. Therefore, it is important that you know all of your options so you can make informed decisions that best align with your goals.
Here are seven steps you can do that will increase the chances of selling your property in Shawnee KS fast:
1. Do Some Market Research
The first and most important thing to do when selling a home is familiarizing yourself with the Shawnee KS real estate market. If you study the market and the various pricing techniques before the selling process, you are likely to price your home right.
There are many reasons why market research is important in real estate. The most successful businesses around the world conduct market researches regularly to stay tuned to the changing market trends. That way, they can retain their edge over their competitors.
In today’s rapidly globalizing world, any number of small advantages can bring wildly profitable investment. The same rings true for the real estate industry, whether you are buying, selling, or simply marketing a property.
The real estate market is so large and attuned to changes that individuals and managers tend to get bewildered in the greater market place. Unfortunately, most individuals do not have the time, money and energy to keep up with the changing market. Keeping up with the ever-changing prices, market movements and what the competition is up to is a job in itself.
Market research provides a broader and deeper understanding of the market and an insight into current price trends and the best locations for investment. As a real estate stakeholder, you need to understand and adapt to local market dynamics and keep up with the global trends in real estate. By having an understanding of the market, you get to decipher market trends across different real estate asset classes and are ultimately able to price your home right.
Without knowing the state of the real estate market, it might be a lot more challenging for you to sell your property for the desired price. Moreover, it may take longer for your property to be sold. If you do not know the optimal price for your property, then your home sale may play out like a bad joke because you may end up asking for too little for what your property is actually worth.
When you price your home right, you increase your chances of getting your property sold in less time. Hence, you come out as a winner and not a loser.
2. Consider the Market and Your Home
Considering the market will help you determine the average price that homes for sale in Shawnee KS are being listed for. If there are lots of foreclosures in your area, you might need to lower the price of your home to keep up.
It is also imperative that you emphasize the strengths of your home during the selling process so you will be able to attract more potential buyers.
Here is how you proficiently do market research in real estate:
Investment Property Analysis
Whether you are selling or buying a home, it is imperative that you conduct a property analysis first. You do this by analyzing properties based on their age, square footage, location, and facilities because these are the aspects that mostly influence the value of real estate properties.
You also need to calculate real estate metrics if you want to have a vivid picture of the profitability of properties. You can do this by collecting the info, calculating real estate metrics, and so on and so forth.
Real Estate Competition Analysis
After assessing your property, find out more about your real estate competitors. It is better if you choose at least three to five investment properties. If you choose more, the better, because you will have more precise results.
When analyzing your competition, it is best to look for the real estate competition in different property listings.
Investment Properties Comparison
At step three, you need to compare the data of your competitors with yours. As you begin to compare your property with its real estate comparables, you will be able to identify the market value of your home.
3. Price your home right
Your home price plays the most significant factor in the success or failure of your home selling process.
If you price it too high, you risk losing time, especially when you want to sell your property fast. The internet has made many things available for home sellers, including the sale history of the house. Buyers will know right away that your property is overpriced, causing them to lose interest, resulting in your property staying long in the market.
Also, you have to consider that when you overprice and no one’s buying, you’ll have to drop the price, and sometimes drop it several times. When this happens, buyers become skeptical of the property. This weakens your negotiating power, and you’ll likely end up with less than the price you really want.
On the other hand, selling the home for a low price is losing money on the table. Also, when you price it too low, you’ll definitely receive multiple offers which will then drive the price up.
Giving your property the right price is favorable to you as the seller and to the buyer.
How do you set the right price?
There are different ways you can determine the price of your home.
- You can use online home value estimators. You’ll find plenty of free online valuation tools. These tools use public records like property transfers, deeds of ownership, and tax assessments based on recent sales in your area.
The advantages of using online value estimators are they are free and easily accessible. The disadvantage is they are not really the best home price determiner because they can be inaccurate. Any current updates or upgrades made to the property won’t reflect on online value estimators.
- Another way you can determine your home’s price is by hiring a professional appraiser. This is a step lenders do to ensure that they have the accurate value of the home. This step, though accurate, is a little costly.
- The best way you can know of your home’s market value is by requesting a comparative market analysis from a real estate agent like me, Lea Deo. A comparative market analysis is a document that details the value of your home based on the prices of similar homes in your area. To create a CMA, Realtors consider the average price of recent sales, active listings, pending listings, and expired listings that are comparable to your property.
4. Update your home
Renovating and updating your home increase the chances of selling your home quickly. Consider doing minor repairs and renovations at a minimal cost. That way, your house becomes move-in ready, something that many buyers are looking for.
Let’s face it. Buyers prefer homes where all they need to do is move-in. Not doing any major repairs is appealing because it saves the buyers time and money.
What are some minor renovations that won’t cost much?
Change light fixtures. Light fixtures add charm and appeal to a house. Have you noticed how it’s easy to fall in love with a bright show home? It’s because a well-lighted house radiates a feeling of warmth and welcome, and that’s something you want your buyers to feel when they come to your house.
Pay attention to walls and ceilings. Paint is one of the cheapest and most efficient facelift you can give your home. The right paint will make your home interior look bright, airy, and inviting. Neutral toned paint is the best way to go. There are a plethora of neutral-toned colors to choose from, and these colors are really appealing for many buyers.
Additional storage. One of the top features most buyers want is home storage, whether that be garage storage or kitchen storage. Storage place is essential in a house, and if you can increase the storage areas in the house, the better.
Minor kitchen updates. You don’t need to buy new appliances nor completely remodel your kitchen. A kitchen update can be as simple are refacing your kitchen cabinets and updating the kitchen hardware such as knobs can modernize your kitchen and make it look more appealing.
5. Stage your home.
Staging can help sell a home faster. According to several studies, staged homes sell faster and for a higher price compared to homes that aren’t staged. Staged homes are more attractive and can really help buyers create the right opinion about your home in seconds they’ve seen it.
What are some benefits of home staging?
- Staged home improve the look and feel of the house. Homes that have been staged look better and more appealing in photos. For a seller, this means more offers and a better chance of selling the listing.
- Staging helps buyers visualize the home as theirs. When a home is staged, it allows buyers to imagine the different living spaces they can enjoy and the life they will live in the house.
- Staging gives the home the “wow” factor. A beautifully staged home leaves a lasting impression on a buyer. It creates the warm and inviting appeal buyers to look for, significantly increasing the chance of selling your home.
- Staging can help you ask for a higher listing price. When you present the home in its best condition, you can justify requesting the highest selling price for your property.
6. Advertise through Social Media
Gone are the days when home sellers would solely depend on fliers to advertise their homes. Today, you reach a wider market when you use social media to advertise. That means if you want more people to see what you are selling in a shorter span of time, you walk them through your home through photos and videos and post them online. Turning to social media to advertise is not only effective but is also cost-efficient.
7. Have Your Home in Shawnee KS Listed
Once you have already advertised your home, the last thing to do is to put it somewhere where real estate agents will be able to find it easily. Nowadays, there are brokers who post homes in real estate property listings for a low fee or no fee at all.
Selling a home in Shawnee KS may not be an easy task, but it does not have to be very complicated. If you need an expert to help you sell your home fast, feel free to contact me at 913-233-9547 and let’s see how I can be of help! I am one of Shawnee’s most trusted real estate agents and I will tell you what to do to sell your house fast and for top dollar!
In case you cannot view this video here, please click the link below to view Guide to Selling Your Home Quickly in Shawnee KS on my YouTube channel: https://youtu.be/1xx5qVuFQQ8