When it comes to selling a real estate property in Detroit, there are certain factors that need to be taken into consideration. These factors can rarely be changed and will often affect how quickly the property is sold!
Many people who want to sell their property will often ask how long it will take. While it is impossible to predict a specific timeframe, factors such as location, the overall quality and state of the property, and the asking price are only some of the factors that may affect the speed of the sale.
Typically, it may take up to 68 days for a property to be sold—and naturally, it may take even longer than that. It is understandable that sellers may want to hasten the process. Although there is little that a seller can do to alter the factors involved in house sales, there are a few things you can do that may quicken the sale process.
How to Sell Your Real Estate Property Fast in Detroit
1 – Hire a Real Estate Agent in Your Area
Hiring a reliable real estate agent will help in the sale of your home. They will usually have access to databases that contain information about buyers who may be interested and will help you widen your search for the right buyers to come and look at your home. They will also help you with the fees and legal documents that need to be accomplished.
2 – Lower Your Price
Another surefire way to sell your property fairly quickly is to lower your asking price for it. You will find that you will increase your chances of attracting buyers if you lower the price. However, take note that sometimes you need to drastically lower the price for this to happen!
3 – Ask the Bank to Make a Short Sale
There would be instances when your home will have no equity left because of certain circumstances, such as the death of a family member or if you had just gone through a divorce. In these cases, you may want to approach a bank and ask them to make a short sale.
4 – Sell Your Home to a Cash Buyer
When it comes to selling a house quickly, cash buyers know how to get it done. People do not realize that as much as 40% of real estate transactions happen on a cash basis. This is where real estate cash buyers come in. These companies are willing to buy properties in cash. You probably won’t be able to get top dollar for your property, but you will be assured of a fair price for it, no closing costs/commissions, and generally a 2-week close (or less).
Conclusion
When it comes to selling a property, the nitty-gritty may be enough to make a first-time real estate seller dizzy! If you want to get better chances of liquidating your property, you can try the tips that have been mentioned above. Hopefully, these will help you sell your house quickly—or at least in a shorter amount of time than it would have been. However, if all else fails, it is a good idea to work with a real estate solutions firm to sell your property.
If you’re looking for how to sell your house fast in Detroit, come to Money Team Properties! We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are investors and problem solvers who can buy your house fast with a fair all-cash offer. Come in for a consultation today!