House Flipping Hacks: The Top 5 Tips to Sell a Home Quickly
The thought of selling a home can be overwhelming, especially if you’re looking to sell quickly. You have to find an agent, prepare the house, list it, show it, and wait for offers. It’s often a time-consuming process. Luckily, there are house flipping hacks that can help.
Fortunately, in today’s market, sellers have the advantage. Increasing home values, buyer demand, a shortage of properties for sale, and historic lows for mortgage loans have all contributed to rising home prices and the increased pace of sales. In fact, the average home price has increased more than 32% since early 2020. In large metropolitan areas, prices have increased even more. And with interest rates at or below 3%, financing a home is easier than ever.
In other words, if you’re looking to sell your home quickly, you’re in luck — the market is in your favor and there are house flipping hacks that can help.
Top Reasons to Sell a Home Quickly
There are many reasons that a homeowner might wish to sell quickly. Here are some of the top ones:
- Risk of foreclosure
- A new job offer in another city or state
- The house was inherited and unneeded or unwanted
- Expensive damage that a homeowner can’t afford to fix (foundation, fire, water, etc.)
Benefits of Selling a Home Quickly
Selling a house in as little time as possible does come with a few advantages. For one, it can be less stressful. You don’t have to spend as much time worrying about showings, offer comparisons, or life disruptions.
Another significant advantage of selling fast is that you won’t have to worry about two mortgage payments if you’ve already picked out a new home. You can sell your home, close on the new one, and then only have to pay the mortgage on your new house.
Top House Flippinf Hacks to Sell a Home Quickly
We’re currently in a seller’s market. In other words, there are more potential home buyers than there are available homes. This makes it a lot easier to sell your home quickly than it would be in a buyers market. However, there are still a few house flipping hacks that you can do to ensure that you sell in as little time as possible:
1. Work with an Experienced Agent
While you can try to sell your home yourself (for sale by owner), an experienced real estate agent is an invaluable asset. They have a much greater understanding of the market and where trends are headed. They’ll be able to help you determine the best price so that you get the most out of your sale. They can also provide you with additional tips and house flipping hacks so that you can sell quickly without having to put in unnecessary work or cost.
2. Declutter and Clean
When showing your home to potential home buyers, you want them to see how spacious it is. That’s impossible to do if you have cluttered rooms and closets. To make your home appear as large as possible (even if it’s small), you’ll want to start by decluttering. You can leave some of the essentials, especially if you plan on living there while you’re in the process of selling, but you’ll want to get rid of everything unnecessary. Go through each room and separate items into throw-away, donate, and keep piles. Consider getting a storage unit to house what you want to keep but don’t need during the sale.
After decluttering, it’s time for a deep clean. Some key areas to focus on include your countertops, inside cabinets and drawers, sinks, showers, toilets, shelves, baseboards, walls, and closets. Don’t forget about your basement, attic, and garage (if you have them). You might consider hiring a professional cleaning service to make the process easier and less stressful.
A person interested in buying a home wants to imagine themselves living there. While you can leave the essentials (such as your furniture, area rugs, cookware, dishes, and utensils), one popular house flipping hack is that you’ll want to depersonalize as much as possible. That means taking down family photos, religious symbols, and personal collectibles.
4. Spruce Up the Outside
So many homeowners focus on the interior of the home when they want to sell. While the inside matters, you don’t want to forget about the outside. After all, the exterior of your home is what will give potential buyers their first impression of the property.
Take some time to boost curb appeal. Mow the grass, trim bushes and trees, and clean up the gardens. If you have a porch or patio, give it a good power-washing and ensure all outdoor furniture is neat and clean.
5. Look Into a Sale-Leaseback
A sale-leaseback is one of the fastest ways to sell your home. You don’t need to get a realtor or list your home. Instead, you sell your home, and instead of having to vacate right away, you lease it back. That gives you the ability to remain in the house. If you don’t want to move, you can continue to stay as a tenant. If you are thinking about moving, this option gives you time to find your next perfect home. That way, you won’t have to rush into something you don’t completely love. Then, when you’re ready to move, you put your current home up for sale, and that aspect is taken care of for you. It’s a much easier, less stressful way to sell your house quickly.
It Doesn’t Have to Take a Long Time to Sell Your Home
Selling your house doesn’t have to be a long, drawn-out, stressful process. There are plenty of things you can do to sell it as quickly as possible. No matter what your reason for deciding to sell the property, working with an experienced agent, cleaning up, depersonalizing, and sprucing up the exterior can all help you attract a buyer in very little time.
If you don’t want to go the traditional route, a sale-leaseback may offer one of the easiest and fastest ways to sell your house.
The thought of selling a home can be overwhelming, especially if you’re looking to sell quickly. You have to find an agent, prepare the house, list it, show it, and wait for offers. It’s often a time-consuming process. Fortunately, in today’s market, sellers have the advantage and there are plenty of house flipping hacks you can use to help sell fast. If you are still unsure of alternative options selling your home after reading this article, consult a financial advisor to discuss your options.