5 Tips to Sell a House Fast

You have been trying to sell your house from a very long time, but no one’s really coming forward to purchase it. Have you thought it through as to why this is happening?

Here are some tips that might help you answer the question “why.”

Focus on curb appeal

First impressions are very crucial. This will make or break a deal. So be sure that your house doesn’t look like it’s an old ancestral house which crumble and fall on your head any moment. Fix the chipping paint, the overgrown bushes, lamination of the door if its chipped from the sides etc.

Don’t take these things lightly, when prospective buyers come to check your house these little things can cancel the deal. Yes, you might have to spend some money to make the exterior of your house more appealing, but its money well spent if it gets potential buyers in the door. Plus, if your house is in good shape on the outside, buyers will see it as one less thing they have to spend money on once they move in.

Make all necessary repairs:

Now time to make sure that the interiors are in order. Repair the leaky faucets, squeaky doors or broken tiles. Hire an electrician to check the wires and the connections, fix any problems, replace several light fixtures and add outlets to several rooms.

Stage the house.
Tidy up the room. Bring out the Monica (from FRIENDS) in you and the clean your house. Staging involves deeply cleaning, de-cluttering, depersonalizing and arranging furnishings to make your house as appealing as possible

Set the price right.

It's important to know what your competition looks like when you're selling a home and setting a price. View listings in your area. If most of the homes that are comparable in size, age and location to yours have hardwood floors and granite countertops and yours has carpet, you'll need to set your price lower (or make updates to fetch a higher price). If the reverse is true, you might be able to set your price a little higher and point out to potential buyers that your house has more features than comparable properties. Most importantly, though, you need to be willing to negotiate.

Spread the word.

Post about this on Facebook, Twitter wherever possible to create awareness. Put a “For Sale” board in your building or wherever it will grab people’s attention. Tell your friends and as many people and ask them to spread the word. Even if you hire a real estate agent, you should let as many people as possible know that your house is for sale. Someone who isn't even in the market for a new house (and not checking real estate listings) may have secretly been longing for your home and might jump at the chance to buy it.

REITs for common man

The real estate market is yet again the prime focus for investors diverging from various other conventional markets. The signs of revival in realty market are prominent with increasing inquiries of available residential/commercial assets and new launches by developer groups. Along with the increasing traction on ground, the realty market has yet another reason to cheer in the present day.

As reported by The Economic Times, REITs will enable the common buyers to invest in currently available office space and hence pump in considerable amount of funds in the cash starved realty domain. Most importantly, REITS are the platform for common man to embark on the journey of monetization in the real estate sector which has so far been way beyond the reach for them.

REITs and the Common Man:

No more barrier of a massive down payment to invest in real estate sector. With REITs, mid-income individuals will also be able to invest as SEBI guidelines have brought the minimum investment threshold to a bare INR 2 lac 

For common man, now real estate will be an opportunity for investment and hence the diversification of their investment portfolio will be easier and prudent. REITs will enable the trade participation of a larger base of investors belonging to various categories of fortune 

Being a regulated mechanism for investments, REITs will no longer let the common man be dependent on whims of builder groups and rather reassure them with bargaining power against the developers 

By far, the ROI in real estate was solely dependent on the level of value appreciation for one or two assets owned by single owners/investors. However, REITs will let the investors hedge their investments while it is invested in multiple projects of various segments/asset classes  

As performed in the developed markets, REITs will bring in a venue of regular income for investors as the asset value/rentals increase in tandem with inflation. This would do away the perception of a long gestation period required for monetization in the realty sector

As witnessed, market experts envision the future of realty sector to be a win-win arena for both the developer and buyer segments. The developers are expected to be relived with enhanced cash flow as a subsequent of more investors diverging towards real estate sector. On the other hand, the buyer segment also gets their share of profits with easy and regulated investments in the real estate sector which remained out of bounds for common man till date.