New York is a unique state because of its diverse locations and population disbursement. You might find an average house price around $300,000 in the state of New York, but median prices in New York City remain around $2 million. Regardless of your NY location, there are certain tricks to sell a home in record time. Follow these steps toward a lucrative sale that doesn’t take years at a time.
Homes in New York will typically stay on the market for about 80 to 120 days. This average is based on the 2016 to 2017 market environment. In fact, sales are moving very quickly now that the presidential election is over. Many consumers waited until the election was decided to bid on homes. There was a tidal wave of buyers and sellers at the beginning of 2017.
With talk of interest rates rising in the near future, the buying pace has remained steady. New York’s inventory grows low, which forces buyers to wait out the time until another property goes up for sale. These conditions make prices rise as multiple bids remain common.
Although the marketplace is primed for quick sales, that fact doesn’t guarantee a perfect scenario for every seller. You may want to “sell my house fast,” but it must get noticed first. Your real-estate agent should have the property on the MLS listings and the agency’s website. Social media also plays a role as you and the agent post information about the listing. Blogs, email blasts and other Internet-based correspondence also make a difference.
During the advertising, organize the home’s interior. Remove the clutter, and clean every visible surface. Photos, videos and open houses show off the property for all of its beauty. Basic dusting, fresh paint and polished fixtures give buyers an excuse to bid on the property.
In most cases, you’ll have several bids to look over. Their amounts are certainly important, but also look at the candidates. A person who can put more down on the home or pay for it outright doesn’t have to worry about financing. The escrow process will move along at record speed. In contrast, people who must finance most of the home may not be approved for the loan. Don’t forget that negotiations are still possible. If you don’t want to haul away your laundry system, for example, offer it to a bidder so that their price can be adjusted upward. Home sales are truly unique, depending on your needs and negotiation talents.
“How to sell my house fast?” is a common question in today’s real-estate market. Work with your agent in order to create a buzz around your property. There will be a buyer at some point. Effort and attention to detail will get you where you want to go.