Are you considering selling your home in 2022? Here are some tips to help you through the process, including some ways to sell your house fast.
Tip 1: Be aware of the competition.
Keep an eye on what’s available for sale in your area. This can help you with timing. We know that the number of available homes is slowly increasing—though demand still heavily outweighs supply—and you want to list your house before you have too much competition. If supply is increasing faster in your area than it is nationally, it’s important to consider all the potential ways to sell your house fast.
Seeing other homes for sale can also help you understand local pricing and what updates are required to be competitive in your local market. Do avoid the trap of over-upgrading, though, as many updates do not have a good return on investment.
Tip 2: Price your home carefully.
When it’s time to list, think about what price you’d like to set. Too high of a listing price could cause your home to sit on the market. If you then have to reduce the price after it’s been on the market a while, people may assume there’s something wrong with your home.
If you price your home competitively—but not too low, as leaving money on the table isn’t ideal—there should be plenty of interest in your home. Make sure you decide upon a minimum price you’ll accept in case issues are found during an inspection and buyers want to bargain. Pricing your home correctly isn’t easy, but it’s essential.
Tip 3: Don’t wait for rates to go up.
Mortgage rates are higher now than they were last year, but they’re still at relatively manageable levels. As the year goes on, rates will likely continue to rise. Once rates go too high, fewer people will be able to afford your home and you may have a harder time selling. If you’d like to sell this year, there’s really no reason to wait.
Tip 4: Pick the method of selling that suits you best.
Think carefully about whether you’d like to use a real estate agent, list your home for sale by owner (FSBO), or sell your home off-market for cash. Using an agent can be a great choice, but you do need to factor in commission and other fees. Listing FSBO cuts out some commission, but not all. Out of all the ways to sell your house fast, selling off-market for cash is the fastest—and the only truly no-commission method.
If you’re listing your home in 2022, make sure you watch the competition, price your home appropriately, and sell using your preferred method before rates go up. If you follow these tips, your chances are good for a smooth and profitable sale.
Work with MarketPro.
If you’re looking for ways to sell your house fast, working with MarketPro Homebuyers is the single easiest option. We buy houses in Maryland, Virginia, Pennsylvania, Washington,D.C., or Florida , and we’ll give you a fast and fair cash offer for the home just as it is now; no repairs, no inspection, no commissions or fees. Our team will walk you through your quote, including a review of what the home would likely bring on the open market.
If you’re in our service areas, we’d love to show you how easy and stress-free the sales process can be. Contact us today for a no-pressure quote.