Pushing through a real estate transaction can be tricky, but you will want to close the deal as quickly as possible so that all parties can move on. The best realtors will know how they can close a home sale quickly and get all of the paperwork pushed through so that the buyers can move into their dream home. There are a few tips and tricks which can be used to speed the process along and make sure that everyone is happy and ready for the transaction to take place. Read on for advice on how you can close the deal quickly and efficiently while keeping all parties happy:
Get Any Minor Repairs Carried Out
Nobody wants to move into a property which needs work carried out and this is grounds for negotiating a lower price. It can slow down the entire selling process,and there is a good chance that the buyer will back out if they cannot afford to get the work done themselves, they do not want to complete the work themselves, or agree on a fair price. Therefore, it is in everyone’s best interest to get the work carried out as soon as possible. In some cases, this may be something that you can easily repair yourself, but if not, call out a professional tradesperson who will be able to carry out the work quickly and efficiently so that you can put the house on the market in its best possible condition and find a willing buyer.
Following on from this, the property itself should look welcoming so that the buyer can move in and start enjoying the house straight away. It will mean removing clutter/litter, repainting the walls and giving it a thorough clean before any viewings. The prospective buyer will need to be able to see how they would use the space, so it is also a good idea to remove personal items while still making the property feel like a welcoming home. One of the major areas to address is the smell, and this is particularly true if you have pets. Your sense of smell is a powerful sense and one which can have a huge impact on how someone feels about a property. It can be hard to tell if the house has a particular smell or not if you live there, but there are always ways to improve the smell including cleaning, air fresheners, flowers, and candles.
Improving The Curb Appeal
Improving the curb appeal is also a great way to speed up the sale as it creates a strong first impression and makes the house seem more enticing to a prospective buyer. There are many different ways that you can improve the curb appeal, including cleaning the windows, painting the front door, replacing the door furniture, tidying the front garden and erecting an arbor.
Getting Paperwork Together
One of the biggest problems which slow down a house sale is the paperwork. This is understandable as it is a complex transaction with a lot of documents, which is why it is important that you, as the realtor, make it clear to the client exactly what they need well in advance. It will allow them to get everyone that they need together so that there will be no surprises along the way.
You can also protect your clients with a real estate home warranty because this protects against the breakdown costs of any home appliances and system components, such as a water leak or the washing machine breaking down. It helps to entice buyers and will protect their new homes from the moment that they move in. Appliances and system components can break down at any moment,and these systems are often used every day, so knowing that they are protected is hugely important.
Encourage all buyers to get pre-approval from a lender as this can quickly push through the sale by showing that the buyer is reliable. Get this pre-approval letter early in the transaction so that it does not cause any delays down the line.
Closing a real estate transaction can be tricky and everyone will want the process to be fast, smooth and efficient. Due to the complexity and importance of the transaction, this is often not the case, and you hear many stories of transactions that drag on and on which is in nobody’s best interest. The above advice should help to speed up any property sale so that all the parties can move on quickly and start enjoying their new homes.