We have compiled some great tips to sell your Albuquerque home fast. However, please keep in mind that every transaction is different. Every home is unique and some of these strategies may not be appropriate. In addition every seller has a unique set of goals they are trying to accomplish when selling their home. The first three strategies are by far the most important. If you follow the first three strategies you will sell your home fast. The first two strategies are so important that if you don’t do them right, you may never sell your home. Even if you are perfect on all the other strategies. Let’s get started.
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Check out our great tips to sell my house in Albuquerque.
Tip #1 To Sell Your Albuquerque Home Fast
One of the most important decisions you will make in selling your home is to pick the right real estate agent.
1) You need to find an agent that understands the current Albuquerque housing market. Understanding the market will help you choose the right price and strategy to sell my house in Albuquerque NM.
2) You want a real estate agent that is motivated. Your agent needs to be motivated to follow up on all showings, return phone calls, keep you informed throughout the process.
3) You need to trust your real estate agent and be someone you can work with.
4) You need a real estate agent with a strategy to meet your goals and objectives.
5) You also need a real estate agent with relevant experience. Experience is not measure by years as a real estate agent, it is measured by the number of transactions completed each year. You need a real estate agent that completes several transactions per month. Approximately 85% of Albuquerque real estate agents sell less than 10 homes per year. A real estate agent that sells less than 10 homes per year does not have the same experience of a real estate agent that sells 20 or more homes per year. More transactions equals more experience.
Tip #2 To Sell Your Albuquerque Home Fast
Selecting the right prices is the most important decision you will make in selling your home. You need a pricing strategy to meet your goals. You will choose a different pricing strategy if you need to sell your home today versus a home owner that has more time. Another consideration is the condition of your home and whether your are willing to make any necessary improvements. You should ask yourself these questions,
1) Do I want to sell the home with the existing paint?
2)Do I want to sell the home with the existing flooring?
3) Do I want to sell this home with the existing appliances? You get the idea.
Obviously your home will sell for more with new paint, flooring, appliances, etc, you need to decide the increased sales price justifies the additional expenses.
Regardless of your situation, it is a mistake to over price your home and think some fool will pay over market for your home. The most viewings a home will receive will be in the first 30 days. Price your home too high and you miss out on all the activity of the first 30 days. Most buyers will think there is something wrong with your home if it sits on the market too long.
Take an objective look at your home and the condition of your home. Carefully evaluate the sales price of similar homes in similar condition with your real estate agent. Then select the appropriate price for your home. Be ready to make price reductions in the first two weeks if your home is not being viewed by potential buyers. Many home owners will wait 30, 60, or 90 days before reducing the sale price, this is a huge mistake.
Buyers are much more informed on market value than sellers. Buyers may look at over 100 homes on the internet. They will then visit anywhere from 5 to 20 homes or more before purchasing their home. After that much research, buyers know the market and how much homes are worth. Sellers are typically not viewing homes in their market and evaluating other homes and their prices.
Every Albuquerque home in any condition will sell if priced right.
Tip #3 To Sell Your Albuquerque Home Fast
Get all of your home inspections completed before you put your home on the market. Then make the repairs you intend to make on the home. Make the inspections reports available to potential buyers. In the Albuquerque market, sellers usually pay for inspections. Most home owners want to wait until they get an offer on the home before they schedule inspections. The most important reason to get the inspections completed up front is it gives the potential buyers confidence their are no major problems with the home. Another important reason to obtain inspections up front is sellers should know the problems with their home. If your home has a major problem, like the roof needs to be replaced, you want to know this before you go through all of the work to sell your home. Only to find out the roof needs to be replaced. You may not have the money to replace the roof, or you might price the home higher if it has a new roof.
Tip #4 To Sell Your Albuquerque Home Fast
Choosing the time of year to sell your home is very important step in the process. It is always best to put your home on the market in March or April. Spring and summer are by far the best time to sell your home fast and for the highest dollar. This is a very clear cycle year over year. It is very difficult to sell a home in November, December, and January. This is a great strategy if you have the luxury to wait till spring.
Tip #5 To Sell Your Albuquerque Home Fast
You need to make it easy to show your home. The easier it is to show the easier it is to sell. You never know when someone will want to view your home. Make sure the home is ready to be viewed at all times and make it easy for potential buyers to view your home.
Tip #6 To Sell Your Albuquerque Home Fast
Buyers have already judged your home before they walk through the door. You never have a second chance to make a first impression. It’s important to make people feel warm, welcome and safe as they approach the house. Stand in the street and take a critical look at your home. Get rid of the weeds, rake the rock, trim the bushes, and get rid of anything that does not need to be there. How about the paint on the front door, garage door, and trim? Feel free to do the painting yourself only if you are a very good painter. I recommend you hire an experienced painter. I have seen many home owner jobs where the home looks worse after the paint in complete.
Tip #7 To Sell Your Albuquerque Home Fast
The biggest return on investment is clean. Clean the entire home including windows and every corner of the home. Clean your home and keep it clean at all times. I know this sounds simple, however it is the greatest return on investment.
Tip #8 Your Albuquerque Home Fast
The next biggest return on investment is paint. Painting a room or the house is relatively inexpensive and makes a huge difference in a home. I recommend home owners hire a professional painter unless they are very good painters. You better know how to “cut” all lines perfectly or your home may look worse than when you started.
Tip #9 To Sell Your Albuquerque Home Fast
De-clutter your home. You are selling your home and you need to start getting ready to move. Have a yard sale if you need to get rid of stuff. It cost money to move your stuff. Is your stuff worth the cost to move it? Remove all your family pictures from your home. Go through each room and remove as much as you can and still live in the home. Your home will feel much larger with minimal furniture in each room. Pack your clothes that you are not using. This makes your closets seem larger.
Tip #10 To Sell Your Albuquerque Home Fast
Location, floor plan, and kitchens sell homes. Take a look at your kitchen and see if you want to make any upgrades. Move forward with caution when making upgrades in your kitchen. You want to make sure there is a positive return investment. In most cases, the return on investment is negative. You need to make sure not to over improve your home. If you choose to make improvements, only make improvements to make your home similar to other comparable homes.
Tip #11 To Sell Your Albuquerque Home Fast
If you have pets, you will need a plan for them. The best plan is to remove your pets from the home while potential buyers are view your home. You might think your loving pet would warm the hearts of potential buyers, you would be wrong. Not everyone is a dog or cat lover. You may need someone to remove the pets from your home if you work or are not available yourself. The important thing to remember is you need a plan!