In 2020, the average time to sell a house in Washington, DC will be approximately 70 days. This is 5 days later than last year. Obviously, one factor affecting this is the coronavirus pandemic.
At this point, your thinking may be, “So how can I quickly sell my house in Washington, DC?” This may be difficult, but it is actually possible. At the right time and the right marketing method, you can immediately conclude a transaction with the buyer. This is a long process. But for your convenience, you will see 8 simple steps that we break down for you.
Finding A Real Estate Agent in Washington, DC
First, you need to find a reliable and experienced real estate agent in Washington, DC. In most cases, they will help you complete complex processes that you just want to skip. Agents can reduce your stress and save you time, so they must be reliable.
Another thing they need to know, is your home sales target. Why do you need to sell your house as soon as possible? How can you sell high prices? Real estate agents should also pay attention to these aspects.
List Items That Need Repair
Buyers tend to look for second-hand houses that look new. After all, if they also move, they are ready to start a new beginning. In this step, you need to consider the major and minor repairs to be carried out. In addition, list the items you may carry with you when you move out. If your houses are old-fashioned, they should at least be clean. If a potential buyer may request repairs to some of the interior and exterior of the house, be prepared.
Determine When to Sell
Finding the right time to sell your home is important. Collect and view data showing the best time to list your house. In terms of historical scale, according to market trends, May to July is the best month to sell houses in DC. Therefore, if you need to sell your home as soon as possible, now is the best time. In some cases, random dates may have an upward trend. If this happens, take the opportunity to list your home.
Determine The Price of Your home
The next step is to set the correct price for your property. The faster you sell, the lower the cost. The more competitive the price, the more profit you get. Of course, a house is an investment. Therefore, you should not be satisfied with less. However, you should not overestimate it. Check the price of nearby houses based on the data in your area. This can take the form of competitive market analysis (CMA). This is a list of houses that have been sold and are currently on the market. Please ask 8 Day Home Sale to help you.
List Your Home
If you finally decide when to sell your home at a certain price, you can now put it on the market. Your advertising description should be eye-catching. It doesn’t have to be fancy. However, you should emphasize its best features and advantages to buyers.
Market and Show Your House
List descriptions are not enough. You should be able to advertise and market your house correctly. Convince your potential buyers. Show them why there is no other home like yours. You can list your home in the local MLS, or you can use the Internet. You can also print physical ads. By this time, repairing and setting up your home to show off to customers is over. Remember, the first impression is important to the buyer of your home in Washington. You can open it to all potential buyers or make one separately.
Acceptance of Offer And Negotiation
After the announcement is made, you will now receive a written offer from the buyer. In fact, having multiple potential buyers increases the chances of getting the best deal. This is a great opportunity, but you must seize it first. You must first weigh several factors:
- Do you want the buyer to pay with cash or mortgage?
- What is the buyer and its contingencies?
- When is the closing time?
- What is the value of your home?
At this step, negotiations will also occur. If you are not satisfied, you still cannot complete the transaction. Talk about the demands and demands of others. If everything is resolved, please continue to sign the purchase agreement.
Checking, Signing and Completing The Transaction
It is also standard to check before completing the transaction. If it happens, there will be no problem. On the other hand, if you find any problems, you need to solve them first. Selling a house in Washington, DC requires a seller disclosure agreement before signing. After requesting a copy, you can now go to your lawyer’s office. Then sign all important documents, pay transaction fees, and voila! Is to sell your house.
