Selling your house fast doesn’t have to mean selling for cash. Here are some tips to help you sell your house fast in any market.
“I Need To Sell My House Fast In Orange County”
If you’re thinking you need a quick home sale in Orange County then the good news is, it’s easy to sell your home fast. Orange County real estate is extremely valuable so you will always be able to find an interested buyer. Generally speaking, there are two different ways to sell your house fast. One, accept a fair cash offer from an investor and close within days. Two, sell your house on the open market with an experienced real estate agent who has a proven track record of success selling homes quickly on the market.
Property owners can decide on the best way to get a home sold quickly by determining their number one priority. If selling on the shortest timeframe possible is the most important goal, then a cash offer is the best way to go. If selling for as much money as possible is your number one goal, then selling on the open market with an experienced agent is the best way to go because you can still have a quick turnaround.
Selling your home on the open market will nearly always capture you more money than selling to an investor for cash so it’s important to be honest about what it is that you want most out of your home sale. However, in a hot seller’s market, it’s possible that you will receive multiple cash offers at or above your listing price on the open market.
What is the fastest way to sell your house?
The absolute fastest way to sell your house is with cash home buyers through First Team Instant Offers. Offering homeowners a fair no-obligation cash offer is what we do to help you close on your home and get you cash in hand in days, not months. We promise.
Selling your home for cash provides the quickest timeline because there is no mortgage loan paperwork to complete for the sale. Once you accept an offer, all paperwork can be signed in a matter of days with all money transferred to you.
Common reasons to sell your home for a fair cash price includes:
- Messy divorce
- Hoarder’s house
- Vacant house, not in use
- Avoid foreclosure
- Death of a family member
- Burdensome rental property or bad rental tenants
- Unwanted property
- Other kinds of situations where you need the profits of your sale immediately
How long does it take to buy a house once an offer is accepted?
The traditional way to sell a house takes longer because most homebuyers need to secure financing for the home with a mortgage loan, which takes time. According to Ellie Mae’s March 2021 Origination Report, the average time to get from application to closing is 51 days.
Loan funding takes time because lenders have to document and verify a homeowner’s ability to repay the loan, an inspection and appraisal have to be completed for the lender, the title must be cleared, and the underwriting process can be intense.
In today’s fast-paced market, however, most lenders working with traditional bank financing can close deals in as quickly as 30 days. So depending on your specific timeline, accepting a cash offer isn’t the only way to ensure your house sells quickly. With the right strategy, presentation, and connections, it is easy to sell you home fast as well and for an even better price.
How can I sell my house fast for a good price?
According to recent homeowner data from the National Association of Realtors, sellers typically sold their homes for 99% of the listing price, typically on the market for 3 weeks.
In order to help your home sell for the full listing price, or over asking, in a timely manner, here’s what you need to do:
- Build buyer emotion
- Research the best possible sales prices
- Attract as many buyers as possible
- Exhaust all marketing opportunities
3 Ways to Build Buyer Emotion
Repairs and Renovations – Preparing your home before listing it for sale is a great way to maximize your sales prices because a beautiful, stress-free house makes buyers excited to put in a strong offer. Buyers feel an emotional connection to homes that are freshly painted, nicely decorated, and move-in ready. A house in terrible shape that needs lots of fixes will make homebuyers feel overwhelmed, stressed, and unhappy.
Not all homeowners are up for the challenge of a DIY renovation, and sometimes it’s simply not in the budget. That’s why we offer our First Impressions Concierge where we pay for all renovations and repairs up front to help you sell your house for more money. With First Impressions Concierge, you can sell your home faster for top dollar with services like flooring, painting, full-scale remodels, and more. We handle it all with the help of trusted local professionals, and you get to cash out on the value added to your home and repay everything when your sale closes.
Staging – According to NAR, 93% of buyers’ agents say staging affects the buyer’s view of the home, with 82% agreeing that staging a home made it easier for a buyer to visualize the property as a future home. That’s why staged homes sell 88% faster and for 20% more according to realtor.com. That’s because staging is another way to build buyer emotion and create an instant connection.
Capturing It With Photography – Now that your home is prepped for the market and staged to impress, you need to capture that beauty and show it off to your buyers. House hunters shop with their eyes, and poor pictures taken from a smartphone will get your home eliminated from consideration immediately.
Buyers will have an emotional response to your home’s photos – good or bad – so use that to your advantage with high-quality photography, video, and 3D tours that will attract, not repel home shoppers. In fact, homes with drone photography as a part of the marketing plan sell, on average, 68% faster than those without.
What adds most value to a house?
The exact renovations and upgrades that will add the most value to your house are dependant upon your specific neighborhood and the surrounding areas. If you are looking for the best ROI in the short term, staging is a no-brainer. The ROI for staged vacant homes is 586% — and all sellers see an average return of 5-15% when they stage.
Small fixes and updates tend to add the most value as well including new interior paint, new hardware in the kitchen and bathrooms, and new light fixtures. If you plan to sell in the short term, it’s often best not to take on any big remodeling projects. Time consuming, large-scale remodeling projects are good if you just bought a house, not if you plan to sell it soon.
According to the 2021 Cost Vs. Value Report, these home upgrades see the greatest return on investment for homeowners across Southern California. If you plan to sell your home soon, always talk with an expert in your area first so you don’t overspend on projects that don’t translate into a higher sales price.
Garage Door Replacement
- Job Cost: $4,107
- Resale Value: $4,025
- Cost Recouped: 98.0%
Manufactured Stone Veneer
- Job Cost: $11,113
- Resale Value: $10,669
- Cost Recouped: 96.0%
Minor Kitchen Remodel
- Job Cost: $30,551
- Resale Value: $27,388
- Cost Recouped: 89.6%
Determine The Market Value
Nobody wants their house to sit on the market without any offers. In order to sell your house in a timely manner, it’s got to have the right price that matches the current market value. Too high and you’ll be sitting on the market unseen by most buyers. Too low, and house hunters will think something’s wrong with your home. Regardless of the condition of your house, here’s how to determine its market value.
Researching the best possible sales prices
Housing trends and economic shifts in the market can have a big impact on your individual home’s sale, which is why we use our proprietary Market Trends℠ tool to analyze your specific area. Designed to easily reveal trends in supply and demand and more, First Team agents use Market Trends℠ insights to your advantage, calculating a sales price based on where the market is now and where it’s headed.
Combined with a CMA (Comparative Market Analysis), your agent will be able to land on a price the fits the exact market you’re in so that your home attracts the right buyers as soon as it goes live. Crafting a CMA for your home is an art, not a science.
Hand-picking comparable homes that have sold, reviewing your home’s unique features, and cross-referencing sold data with trends takes time and experience. You need more than a quick and dirty Zestimate to find the best sales price and determine the proper market value of your home.
Why Pay Agent Fees?
Because agents statistically get more money for your home. It’s just the facts. Properties sold by real estate agents get an average of 23% more than FSBO sales. An agent’s expensive fees are 100% worth it IF they are truly an expert who will get you more for your home.
A good agent with a strategy for attracting buyers immediately will help your home sell faster. When you attempt to sell your house without an agent, it’s like stepping over a dollar to pick up a dime; it’s simply a doomed strategy from the start.
As we’ve covered in this post, there is a lot of strategy and work that goes into selling a home for a good price, in the shortest timeline possible. So it’s no surprise that 92% of home sellers used a real estate agent, with FSBOs (For Sale By Owner) accounting for just 8% of home sales. FSBO sellers still have to pay 3% in real estate commission and while successful FSBO sellers save themselves a fee for their listing agent, most still have to pay the agent who brings in a willing buyer. There can be lots of pitfalls when selling a house, and a u
How First Team Agents Attract as Many Buyers as Possible
We suggest going the agent route when selling your house because they will remove all roadblocks and handle your biggest issue with ease – finding a buyer!
Our Buyer Pipeline℠ and Buyer Delivery System is filled with all of the very real clients our network of 2,000+ local First Team agents are already working with. We market directly to hundreds of thousands of local clients in our buyer follow-up system to match them up with their dream home.
If your home is listed over $1 million, which is common in Orange County, we help you reach high-net-worth buyers all over the world through our bonus network of luxury affiliates including Christie’s International Real Estate, Luxury Portfolio International®, and LuxuryRealEstate.com. Luxury real estate requires a local and global approach – offline and online – to achieve proper market exposure and buyer reach, so you can sell for top dollar as quickly as possible.
How can I sell my Orange County house fast without a realtor?
It can be very difficult to sell your home fast without a real estate agent as we covered. Even when you’re selling to a cash buyer like through our Instant Offers program, a real estate agent is involved to handle all of the paperwork and aid in the transaction.
When using a site like Opendoor or another iBuyer, you may not be using a realtor, but you’re still paying a service fee of up to approximately 5% of the sale price, as well as your own closing costs. It’s important to keep in mind that you still have to cover all of the costs and expenses associated with your home sale even without a realtor involved.
According to NAR, 74% of sellers would definitely use the same agent again. Because once you find a great agent that you can trust, you’ve got a financial advisor for life.
Marketing opportunities our agents provide
At First Team, our proven marketing plan provides maximum exposure which drives buyer demand and ultimately maximizes your sales price. Maximum advertising and marketing exposure includes print, digital, local, international, and social media reach.
Plus our international marketing reach for million-dollar homes thanks to our luxury partnerships with Christie’s International Real Estate, Luxury Portfolio International®, and LuxuryRealEstate.com gives you even more opportunities to connect with the right buyer. Powerfully setting $1 million homes apart from the competition, we are able to provide unmatched value and access to elite marketing opportunities and the wealthiest homebuyers in the world.
Will housing prices go down in 2022?
Home prices have continued to hit record highs across the Orange County area and beyond. While home price appreciation is expected to continue, the rapid rate of increase is expected to slow. So while we may not see a drop in prices this year or next, we could see a leveling off.
The most recent Home Price Expectations Survey forecasts home prices will continue appreciating over the next five years:
- 2021: 8.66%
- 2022: 5.12%
- 2023: 3.7%
- 2024: 3.56%
- 2025: 3.33%
Consider Selling To A Cash Buyer
If you’re considering selling to a cash buyer, reach out to First Team Instant Offers. Our team can provide a fair no-obligation cash offer for you to review. There’s never any pressure, just an honest price for you to consider if it’s right for you. For validation purposes, when requesting a no hassle offer, you will need to include your full property address and contact information.
The best part about our Instant Offers is that your favorite First Team agent can help answer all of your questions and walk you through the process. And if you decide that the cash offer isn’t for you, they can help you place your home on the market and even renovate it for you if that’s what you decide!
