There’s nothing that says you’ve become a success more than becoming a homeowner. All your hard work and financial prowess paid off and you’re the proud owner of your own living space in Chicago. As much as you like to spend the rest of your life in your current home, there are situations that make you realize that it’s time to sell your home and move on to another.
Some of these situations are more pressing than others, like relocating for a job or growing your family. In these cases, you might be wondering, “how do I sell my house fast in Chicago?” Read on to learn how to speed up the process!
Invest in Upgrades
If you’ve been in your home for a long time, then it’s probable that you’ll need to invest in upgrades in order to get it to sell fast and at a decent price. That doesn’t mean you have to totally gut your home and start over. The truth is, there are upgrades that add a tremendous amount of value to your home, and others that won’t get you much traction.
Which ones should you invest in?
Any upgrade you make that adds square footage to your home can help you bring in more money. The best way to do this is by finishing a basement. It’ll cost you money upfront but can add tens of thousands to your home’s value.
Other worthwhile upgrades include anything that adds curb appeal or opens up your home’s floor plan. Replacing carpet with hardwood floors will also boost your home’s appeal.
If you’re still not sure about which upgrades in which to invest, talk it over with your realtor. They have their fingers on the pulse of the real estate market and they know what buyers are looking for, particularly in your neighborhood.
Hire an Experienced Realtor
If you want your home to sell as soon as possible, then you’re going to want to enlist the help of an experienced realtor. Realtors can give you a realistic timeframe for selling your home, and well-connected realtors will have a list of potential buyers in their minds as soon as they walk in the door.
Take some time to scroll through local listings to see which agents you come across the most, they are likely a popular choice for a reason. You can also ask trusted friends and family for recommendations and check online reviews to fully vet your candidates.
Strike When the Market Is Hot
Did you know that the real estate market fluctuates from season to season?
The time of year can dictate whether your home is in a buyer’s market or a seller’s market. Ideally, you’d want to sell your home during a time in which housing is in demand. In Chicago, the most popular times to sell are in late spring and early summer because it’s the easiest time of year for people to move.
Of course, there can be market variations that can impact your ability to sell your home, even if it is a popular time of year to sell. If you have the discretion to pick the time in which you sell, then you should speak with your realtor to help you determine the best time to put your home on the market.
Price Your Home Competitively
Everyone hopes to get top dollar for their home when they put it on the market. For many people, however, asking for too much for your home can lead to a long time on the market.
When homes are appraised, the asking price boils down to a dollar amount per square foot. That price is then compared to other homes in your neighborhood. Of course, that doesn’t mean that the price per square foot is all that matters.
If your home is significantly larger than other homes or has more upgrades, then it might be worthwhile for buyers to pay out for it. This is particularly true if you live in a popular neighborhood. On the other hand, many buyers get nervous about buying the most expensive house in the neighborhood, even if it is fully loaded.
The bottom line is that you should look around at the options in your area and try to price your home in a way that will attract attention from buyers.
Set Money Aside
You have to spend money to make money. The same is true when you’re selling your home.
Buyers will come at you with a lot of asks when they make an offer on your home. Maybe they’ll want you to make necessary repairs to the roof or replace the air conditioning unit. You could spend a ton of time negotiating back and forth in order to sweeten the deal on your end, or you can pay out and get the deal done.
Setting money aside for the sales process will give you the ability to close in on offers and unload your home in a much shorter amount of time.
Entertain Cash Offers
If you’re in a serious time crunch, you might not be willing to go through the traditional route of selling your home.
That’s where cash buyers come in. Cash buyers will check out your home and make you an all-cash offer for the sale of your home on the spot. You won’t have to clean out your home or make any repairs, and many buyers can close on your desired date.
The only downside? You probably won’t make as much for your home, but you won’t have to stress out about finding a buyer.
Still Wondering How to Sell My House Fast in Chicago?
There are a lot of different approaches you can take when you’re contemplating “how to sell my home fast in Chicago.” The answer to this question is not going to be the same for everyone. The best thing you can do is spend some time exploring all of these options to determine which one works best for your personal and financial needs.
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