Cash Buyers, Home Sale, Memphis

3 Surefire Ways to Speed up a Memphis Home Sale

Home staged for real estate sale
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One of the best things about real estate is that it’s an ever-evolving industry, meaning real estate professionals are always on the lookout for new and innovative ways to close deals. Selling a home fast in Memphis is all about learning what your needs are and how you can maximize what you’ve got. 

 One of the most important factors in determining how fast a real estate deal closes is the market condition. In a soft market, buyers have the upper hand and can afford to be selective with their offers. A seller might have to drop their price or make other concessions to close a deal faster. With this in mind, we’ve created a guide that covers common mistakes that can slow down the sale of a home and tips, tools, and techniques real estate agents use to speed up the process of selling homes in Memphis.

Common Mistakes That Can Slow Down the Sale

Selling a home is something that you’ll only do a few times in your life, at least that’s the case for most people who are selling property for non-commercial use. In general, you’re looking to find the home of your dreams and then settle down in that house. 

When it is time to sell your house fast, some things like square feet of townhouses and the balconies of condos can’t be changed, but there are things that you control. 

Here are five common mistakes and tend to slow people down when they’re trying to sell their house in Shelby County, TN.

1 – Neglecting the home’s overall appearance: 

Taking care of the exterior of the home is important to attracting prospective buyers. A well-maintained home will be more likely to receive positive attention and result in an offer. If you’re going to sell the home as-is, be sure that you list the home that way. 

2 – Not listing the property correctly: 

Listing the property accurately on the MLS and in a timely manner can help draw attention to it and make it more visible to potential buyers. Even if you’re selling to a cash buyer in Tennessee, you need to accurately represent what’s going on with the property. 

3 – Not staging the property

Staging the home for sale can help draw attention to its features and make it more appealing.  If you’re selling a house as-is for cash in Memphis, this might mean ensuring that damage is visible so that you can disclose it. Prospective properties consumers want to know what they’re getting into.

4 – Misusing real estate agents: 

Using an agent who isn’t well-versed or experienced with real estate can lead to poor results in terms of closing costs and sales price. In many cases, you don’t even need an agent to get your home sold fast.  Participants of the MLS can help to get real estate listings more attention, especially if they’re in the Memphis Area Association of Realtors.

5 – Selling too early: 

Waiting until a buyer is found before closing on the property can help reduce expenses and increase profits. By following these tips, you can ensure that your home sale goes smoothly and quickly.

Pricing Strategies to Speed Up the Sale in Memphis, TN

Memphis homeowner researching real estate market

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You want to make sure that any listing broker’s offer is in line with comparable homes in the Memphis, Tennessee area. 

Cutting the price low will definitely get you a fast sale, but don’t sell yourself short. Brokerage firms know what the value of a home is, even if the homeowners are unsure. It’s worth it to have someone evaluate your home before you take an offer on it. 

It’s important for homebuyers to research the current housing market and understand the local trends before making a purchase. This will allow you to make an informed decision and save time and money.

Tactics to attract people buying a home in Memphis, TN

If you are planning to sell your home, consider utilizing the power of online marketing. Listing your home on multiple real estate websites will attract potential buyers and increase visibility.  

By engaging real estate agents in Memphis, you can ensure the highest exposure for your property. This will help prospective buyers identify your home quickly and make an informed decision.  Exposure might look like listings, holding open houses, or putting a house in a home showcase. More eyes on your property will always mean a faster sale and a higher price. 

Additionally, you can offer prospective buyers incentives for finding your home quickly. You can reach out to cash buyers and let prospective buyers know about the amount of interest that you’ve had in your property.  

Do you need a real estate agent to speed up the process?

Selling a home can be a stressful thing. 

Real estate agents will slow down the process because they’ll require a lengthy closing. Working with a cash buyer is another possibility, as these individuals or LLC companies can buy your house as-is without having you do an inspection or an appraisal. With a cash buyer, you won’t need to do any repairs to your home, which can take up so much of the time involved in the sale process. 

Negotiation techniques to get a better deal on your Memphis home

If you’re looking to sell your home in the Memphis real estate market, it’s important to use negotiation techniques to get a better deal on your home. This will help you end up with the price and terms that are best for both of you.  

Start by determining the market value of your home. This will help you determine the price range where your house should be listed. Once you have this number, create a realistic asking price and use it as a starting point during negotiations. Make sure your home is in good condition and staged for a quick sale. This will help prospective buyers feel comfortable making an offer quickly, which can lead to a higher final price. 

Finally, use negotiation tactics such as offering incentives or accepting contingencies to gain an advantage. These approaches can help you obtain better terms on closing and make the process go more smoothly. By using negotiation techniques, you can effectively negotiate the price of your home and get a better deal that is fair for both of you and for the potential buyer.

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