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What factors influence the home-selling timeline?
When it comes to selling a house, several factors can impact how quickly it sells. These range from the home’s specific attributes to broader market trends and the pricing strategy you employ.
If your home has some of these less desirable attributes, consider how you can mitigate their impact, such as staging the house creatively or highlighting other appealing aspects of the property.
“The more updated and move-in ready the home is, the quicker it will sell,” says Loman.
What will help my Spokane house sell faster?
To maximize the chances of a fast home sale, you’ll want to emphasize the most desirable aspects of your property and to entice Spokane-area buyers. Here’s a list of tips to help your Spokane house sell faster:
- Emphasize desirable features: If your home has desirable features that Spokane buyers often seek, such as an office, a large yard, an open kitchen, or proximity to highly-rated schools, make sure these are highlighted in your listing.
- Minimize the downsides: If your home has small bedrooms or sits next to a busy street, consider strategies to mitigate these less desirable features. For instance, you could use creative staging to make smaller rooms appear larger or invest in window upgrades to minimize traffic noise.
- Use home staging: A well-staged home can help potential buyers visualize living in the space and can often lead to quicker sales and higher selling prices.
- Price it right: An overpriced home can sit on the market longer, so ensure your home is priced competitively based on recent sales of comparable homes in your area. Your agent can provide you with a comparative market analysis (CMA), a report that informs your pricing strategy as it takes into account factors like property location, size, condition, and current market trends.
Loman points out the importance of pricing and preparing the home, recounting a recent success story, and the difference between a turn-key property and one that needs a bit more TLC.
“I just sold two ranchers. One was a 1970 rancher, 1,400 square feet, three bedrooms, two bathrooms, on a large corner lot that was very original — like they hadn’t really done any updates on it. I sold a similar rancher about a mile away, also 1,400 square feet, four bedrooms, three bathrooms, that was built in 2000,” she says.
“They were the same price, and the newer one sold quicker simply because it was newer and more updated. Condition is absolutely paramount — it’s like selling a used car. You get it detailed, you get it all cleaned up, and looking pretty. Selling a home is no different,” she adds.
Remember, what works best for your home sale will depend on your particular property and circumstances. Working with a knowledgeable real estate agent can be a big help in formulating an effective selling strategy.
How should I prepare my Spokane house to sell?
Preparing your house for sale is important for attracting buyers and achieving a fast and profitable sale. Here’s a list of preparation tips when selling your Spokane home:
- Deep clean: A clean house gives buyers a positive first impression and signals that the home has been well-maintained.
- Declutter: Free up space to make your home appear larger and allow buyers to envision their own belongings in the house.
- Apply fresh paint: A fresh coat of paint can make a home feel new and inviting. Choose neutral colors that appeal to a wide range of buyers.
- Address repairs: Fix any minor issues, like leaky faucets or chipped paint, to keep buyers from using them as an excuse to negotiate the price down.
- Enhance curb appeal: To attract more buyers, improve the home’s exterior with well-maintained landscaping, freshly painted doors, or new outdoor lighting.
- Stage the home: Home staging can help buyers visualize living in the house. This can include arranging furniture or adding decor to enhance the home’s appeal. From staging only the key rooms to renting a few statement pieces, there are many ways to reduce home staging costs.
- Tidy up outdoor living spaces: In the Spokane area, outdoor living spaces like patios and pools are highly desirable. Make sure these areas are clean, inviting, and well-lit for evening viewings.
- Service the cooling and heating systems: Ensure your AC unit and heating units are serviced and working optimally, as buyers will likely consider this important due to Spokane’s weather conditions.
Remember, each house will have unique preparation needs. A local real estate agent can provide tailored advice for your property.
