I’m not trying to cause a panic. Trust me… I’m not. However, if you are one of those people who need to sell your home fast during uncertain times, then this post can be helpful! In today’s post, I will share with you six specific ways to sell your house fast during the Covid-19 (CoronaVirus) scare that has gripped the United States.
In today’s post, I will share with you the “hard won lessons” that I have learned over 23 years as a real estate Broker, saving my clients and customers thousands of dollars and countless hours of heartache.
🔊🔊 Listen to this Post on the KarlBuysHouses Podcast! 🔊🔊
I recommend you watch the video or listen to the podcast, as I will share more detailed items there than I will on the outline here on the blogpost!
“Demand Shock”
If your home is currently on the Tucson MLS or For Sale By Owner right now; you might be watching the news and stock market with some concern. According to some headlines, the COVID-19 (Coronavirus) potentially could be affecting the housing market in a negative way.
One of those ways is by what is called a “Demand Shock.” Demand Shock is a state where a buyer’s demand for a particular product or service is stopped temporarily for a variety of reasons. In this particular circumstance, we are talking about the demand shock placed on home buyers.
When you are trying to sell your home fast in Tucson, demand shock for your homebuyer is the last thing you want or need! As infection rates rise, or schoools get shut down, a potential home buyer is less inclined to make a major purchase.
Additionally, with the Federal Reserve cutting interest rates by 50 basis points is a move that is unheard of in recent history. Their hope is to stimulate growth and purchasing power. Since the Federal Reserve is incapable of repairing the supply chains, they are hoping to make it easier for the American public to spend money.
👀 See Related Post! The Arizona Real Estate Bubble of the 2020s
With most forecasts predicting another 25 basis point drop in the Federal Reserve meeting in March, you can be sure that many people will be waiting in the wings to see what the infection rates, as well as lower interest rates hold.
Meanwhile, if you need to sell your house fast in Tucson, you may not want to wait for things to calm down in the market. Or, perhaps you are watching this video and reading this post long after a vaccine for the CoronaVirus (Covid-19) has been developed, and you are on the cusp of some new, and terrifying disease. The tips I am about to share with you will help you sell your home fast in Tucson (or any other city for that matter) regardless of time!
Take New Photographs
As hard as it may be to believe, I have seen some crazy photographs on the Tucson MLS! Well over 95% of all people’s home searches begin on the Internet. If your home looks terrible online and the photographs reflect that, don’t be surprised if you have trouble selling!
“A Picture Is Worth a Thousand… DOLLARS!”
Floyd Wickman
If you want to sell your home fast in Tucson, you would do well to remember one of my earliest mentors by the name of Floyd Wickman. He used to say to me “A picture is worth a thousand… dollars!” Since people today look at a great deal of homes online before selecting a very few to actually see, you want to make sure your property photos are in the best possible light!
Clean Everything
Although when people are selling their home fast to a professional home buyer like KarlBuysHouses, they don’t need to worry about cleaning, or throwing away any debris. As a matter of fact, when selling your property as-is, fast to me, the dirtier the better!
However, when you are trying to sell your house fast for the most money possible to a retail buyer, then it just makes sense to go ahead and make your home as clean as possible. You would be surprised to see just how many homes that are currently on the Tucson MLS that look terrible!
As a professional home buyer myself, I am continually shocked by the lack of attention to detail when people put their home on the market. When you are trying to sell your home, people make judgements on your property based on it’s appearance. If your home is dirty and unkempt, many homebuyers will think you probably also have problems elsewhere.
DePersonalize Your Home
I know you like your personal doll collection. I get that you like ceremonial beer steins. I understand that you love deer hunting! However, all these personal items need to be stored away when selling your home.
You would be shocked to see how many homes I have seen on the market with all sorts of personal items. While you like those things, or they might be a cool hobby, they detract from the sale of your house.
Believe it or not, I have seen people say “No.” To a home based on a stuffed deer head.
Something that would be taken away at closing.
Trust me, remove whatever could potentially be a “stumbling block” to someone else and maximize your chances to sell your home fast!
Let The Light In!
Light, bright, and white. That was what we used to say many years ago. That was to mean that when you are trying to spruce up a house, you want to make the room as light as possible, with as many bright lights as possible, and as close to white as possible.
By eliminating strong colors like purple, red, and black on walls and ceilings, you can help increase the value of your home. Using a increased wattage light bulb brings extra light to a dim room and will help expose your property in the best possible way.
Instead of 60W bulbs, use a higher wattage to get maximum effect!
🔉🔊 Listen To KarlBuysHouses Podcast: “How To Price Your Home To Attact The Highest Offers During A Pandemic!”
Use A Lockbox
If your property is on the Tucson MLS, it is a statistically proven fact that homes that use a lockbox sell faster, and for more money. The reason is clear. Easier access makes showings easier and faster. Faster and easier showings results in more showings which inevitably results in higher net offers.
I know that many people refuse to have their home on the market with a lockbox due to security reasons. They feel that they are home all the time anyway, so why do they need a lockbox? Two things need to be considered by those who take this position.
- It is easier to break through the front window to gain access than to break in the Lockbox
- Agents are human. They look for the path of least resistance.
When selling your home fast in Tucson, you want to do everything you can to make it easier for you as well as those trying to help you!
Drop The Price!
This is perhaps the most important point of all! Accurate pricing is the paramount portion of selling your house fast in Tucson. The best way to know if your price is correct is to determine the level offers your have received. Don’t get caught in the trap of thinking that your home is worth a particular amount because of any perceived thing. Your home is only worth what a willing buyer is willing to pay for it, and you are willing to take.
Just as important as the price, is the way you price your home initially. Be sure to accurately price your property to get as many offers as quickly as possible. The longer your home stays on the market, the more likely you are to lose money!
Be sure to watch the entire video for context, as well as bonus tips!
See NEW Related KarlBuysHouses Post and Podcast! “10 Tips To Sell Your Home Fast During Coronavirus”
Sell Your House Fast In Tucson!
Do you have an unwanted home in the Tucson area? Regardless if you have acquired it through inheritance, divorce, a nonperforming rental, or any other means, I buy houses in the Tucson Area fast for cash! Contact me today at (520) 403-6227 or fill out the form below to tell me more about your home and get a fast, fair offer today!
“Karl is a great guy! Will do business again!”