Here are home sellers can do to ensure a fast closing, closing is the last phase in the process of selling your property in Massachusetts or Connecticut. The time at which you may relax knowing that the deal is complete. However, the procedure leading up to closing usually causes a lot of tension and concern because there are so many things that may go wrong and cause the closing to be delayed. Even so, there are several things you can do to make the process go more smoothly and the closing go more quickly. So, let’s look at four things that Massachusetts or Connecticut home sellers can do to assure a quick sale.
1. Price It Strategically
Getting a quick closing for Massachusetts or Connecticut house sellers usually starts with selling their Massachusetts or Connecticut home correctly, that is, strategically. Even if it is currently a seller’s market, you must “maintain a cool head when it comes to pricing your Massachusetts or Connecticut home.”
You obviously want to take advantage of the current market conditions and sell for top money, but you can’t go too low. Here’s what usually happens: “Sellers are being tempted by a general market message that everything will sell, sell quickly, and for top dollar, but they must recognize that not every home or listing will sell for top dollar. It’s still necessary to set up your home, stage it, clean it, and hire a professional photographer. Every extra buyer for your Massachusetts or Connecticut house might mean more money in your pocket, so make the most of it with a real-time approach.”
Working with your Massachusetts or Connecticut “agent to come up with a solid opening price and letting market forces (low inventory, great demand) handle the rest,” industry experts advise. Call 413-455-0008 to learn more about strategic pricing for a quick closing.
2. Avoid High-Risk Buyers
Another approach to boost your chances of a quick sale (or at least a quick sale) while selling your house in Massachusetts or Connecticut is to avoid high-risk purchasers. Although vetting and phoning purchasers may appear to be a ploy to push the closing date back, you’ll still be in good shape due to the current limited housing inventory.
Some of the buyers to avoid or be wary of are:
- Those who have the ability to “back out of the transaction if specific issues with the property arise”
- Those who do not “have sufficient cash to cover the difference between the mortgage amount and the home price if the appraisal falls short”
- Those who must “sell their home before purchasing another”
“Sellers may lose out in today’s hot real estate market when buyers make high bids but build in contingencies to get out of the transaction later,” industry experts say. Also, keep in mind that many buyers are making numerous offers in order to increase their chances of receiving a good price in this ultra-competitive market. This can be risky if the buyer you choose is also chosen by another seller.”
As a result, most Massachusetts or Connecticut house sellers should entrust their agent with vetting buyers and “sussing out the best offers.”
3. Make Repairs and Stage It
If you make the necessary repairs to your home and then stage it, you can enhance the chances of a quick closing even more. “Even desperate purchasers are prone to walk away if the residence does not live up to, or even come close to, the asking price.” So, if you want to close quickly, you need to present your home in the finest, most enticing light possible.
While you don’t have to go all-out and execute a big kitchen makeover, you should address the apparent repairs and even update your home. For “When comparing possibilities in this market, buyers will pay a premium for houses that provide peace of mind by being move-in ready.” And the prospects of the closing being postponed are little to none.
Then make sure your home is staged. According to numerous studies, staged homes not only sell for 1% to 5% more money, but they also sell faster. And a speedier sale results in a quicker close.
4. Prepare for the Final Walk-Through
It’s also a good idea to consider what could go wrong at the conclusion of the procedure if you want to postpone closing. The last walk-through is one of them.
Within 24 hours of the settlement, most sales contracts enable the buyer to walk inside and view your home one last time. This is the buyer’s last chance to see your home and ensure that all agreed-upon repairs have been completed. Normally, this goes done without a hitch, but issues might develop that cause delays in closing.
Here are some things you can do to ensure your quick closure continues on track by preparing for the final walk-through.:
- Clean your home thoroughly – again.
- All of the appliances and house systems should come with owner’s manuals and warranties.
- Provide a vendor list that includes contact information for all “previous home contractors and/or maintenance firms.”
- Check to make sure you haven’t forgotten anything.
- “Turn off your house’s main shutoff valve 24 hours before closing with the buyer’s approval.”
Use a Massachusetts or Connecticut Agent for a Fast Closing
Enlisting the assistance of a market city agent is one last step that will assist most purchasers in achieving a quick closing. Listings that are handled by an agent typically sell for more money and close faster. Mass Property Buyers Every local market has its own quirks, and your Massachusetts or Connecticut will be well-versed in what it takes to close quickly in that market. So, if you’re looking to sell your house in Massachusetts or Connecticut quickly, give us a call at 413-455-0008.