Do you need to sell a house in Raleigh NC sooner than later? If yes, we will offer you some tips in this post to help you sell no matter what is going on in the world.
As of March 2020, the North Carolina Department of Commerce reported that 339,885 unemployment claims were made, with 282,947 of those claims being related to the Coronavirus. This is definitely not the climate that one would want to sell a home in.
Selling a house in Raleigh NC can be overwhelming, even in a good market. Hiring a real estate agent, listing, cleaning, marketing, showing, and waiting can all take a toll on a homeowner. That said, there are other ways to sell aside from the traditional route which includes hiring a Raleigh NC real estate agent.
Sell Direct To A Local Cash Buyer
A local cash buyer will be able to buy your house on your schedule in the easiest manner possible. You will have the opportunity to sell your house as-is (you make no repairs), no cleaning, and you can close when it is convenient for you.
However, it is important to keep in mind that not all buyers are the same. At Mike Buys Houses, we will work with you, always working on your timeline and schedule. We never ask our sellers to make repairs or clean. We even allow our sellers to discard whatever personal property they no longer want and leave it in the house. We will pay the attorney fees and other closing costs with the exception of real estate taxes. Our process is completely transparent, so you will always be in the loop, knowing exactly what to expect.
Regardless of market conditions, pricing your property correctly is always necessary. Any buyer will always look at comparable sales in the area to see what is a fair price for any given house for sale. There are plenty of great sources of information online on how to properly determine the value of a single-family home. If you do not want to do this yourself you can always hire a professional appraiser. This will give you a professional opinion of value, based on current market data and the current condition of the home you are trying to sell. Remember to leave a little bit of room in the pricing for negotiation and concessions. For example, if a buyer offers you your asking price but asked you to pay for a home warranty, this would be a very solid offer.
Many consumers begin their path-to-purchase online. Meaning they start researching products and services online before they go out and walk into a store. This is especially true with the rise of e-commerce. Many of today’s products and services can be ordered online with the click of a button. Advertising your home for sale online is not a suggestion, but a requirement. In addition to the big sites such as Zillow, and Trulia, there are even some websites that cater directly to For Sale By Owners.
Many people are harnessing the power of the internet to help them virtually market, and even show their homes. Virtual tours are becoming more relevant with the stay at home orders that are in place in North Carolina and other parts of the country.
Rent To Own
If the home you are trying to sell has a large mortgage on it, selling via rent to own can be a creative solution. This is especially true if you are not in immediate need of cash. You do need to select the appropriate tenants for such a transaction buy analyzing credit and rental history, proof of income, and having solid written agreements in place. The advantage of selling a home with a rent to own agreement is that the equity in the home will increase as time goes on. This gives the owner a greater profit potential down the road. This solution usually works best with newer homes that do not have a lot of deferred maintenance on them.
It’s amazing what a fresh coat of paint will do to the appearance of a home! It’s best to pick one uniform color to use throughout the home. The popular color palette as of this writing is the light greys. A light grey color contrasted with white trim works best and appeals to the current buyer pool.
Some new flooring is also a great way to get a home feeling “new.” New carpeting in the bedrooms, hardwoods, luxury vinyl plank, or even vinyl can make a house look great. It is advised to stay with uniform color throughout the home. Something that will compliment the new paint.
Be sure to avoid laminate flooring. This type of flooring gained popularity in the mid-2000s but has since fallen out of favor. This product, while somewhat durable, was unable to stand up against moisture.
You should also remove any clutter or personal belongings. The more personalized your home is, the more difficult it is for a buyer to visualize it as their own. Take into consideration that the less furniture that is in the home the larger it will appear.
Take an example from our own experience. We were selling a 5 bedroom 3 bath house in North Raleigh in 27616. It was a 1.5 story home with an additional 2 bedrooms and a full bath upstairs. Before we bought the home we noticed another home in the same neighborhood that had an identical floor plan. It had been sitting on the market for a couple of weeks. This was relevant to what we were doing because we were trying to establish a target list price after we completed our renovation. The comparable home was lagging on the market for $245,000. My agent explained to me that the home wasn’t showing well due to some clutter. We decided to list our property at $235,000 after our renovation. Within 5 days we had dozens of showings and over 10 offers, some of which were over the asking price. The difference was that our property was vacant and professionally staged.
While things may be a little crazy with the economy right now, there is no reason why you won’t be able to sell a house in Raleigh NC . With the right tools and strategy, you can still generate profits. At Mike Buys Houses we buy houses directly from local homeowners. There are never any fees or obligations. There isn’t a catch and you will never feel any pressure to sell your house to us. Get the facts and learn about your options before moving forward with the sale of your house in Raleigh NC!