There’s no shame in getting behind in your bills. Of course, your home may be foreclosed if the mortgage is behind. One way to get out of debt is to downsize to a smaller home. Use the money saved on the mortgage to pay off other bills.
Of course, you’ll have to sell quickly. Here are a few ways to unload the money pit in no time at all.
1. Get Rid of Clutter
Clutter only delays a sale because it makes the rooms look smaller. Further, prospective buyers can’t see the architectural detail of the house looking through a pile of newspapers. Clean out the closets and rent a storage space for a while. Keep extra clothes and linens in storage. Further, make some extra money by hosting a yard sale.
The kitchen is the main catch-all for clutter. However, buyers want a spacious kitchen with lots of storage space. Remove appliances from countertops and store them in drawers. If the appliances aren’t used, send them to the storage space.
2. Staging the House
The best way to sell a house is to remove your personality. Indeed, family pictures should go into storage. Buyers want to visualize their family pictures on the walls. One expert suggests “pretend you’re camping,” when you stage. Leave only the necessities.
The bathroom needs to be stripped of medications and perfume. Indeed, leave the bathroom as bare as possible. The shower curtain should be a nice neutral color. Believe it or not, buyers love cut flowers so leave a vase or two around the house.
3. Repurpose Rooms
It takes very little money and time to repurpose a room no one’s using. Transform the room into a desirable feature for buyers. Take a Queen Ann chair and place it by the window. Drape an afghan across the chair. Throw in a table, lamp, and bouquet of flowers. You have an instant reading room. Likewise, a room could easily be transformed into a home office.
4. Does Time of Year Matter?
Experts say houses sell faster in the spring. The weather is warmer and it’s a good time to get out and shop around. Further, prospective buyers may have their tax refund back just in time for a down-payment. Finally, the house has extra curb appeal in spring when daffodils and tulips are blooming.
5. Sell the House “as is”
Real estate companies, like Wren Realty, Inc. buy houses “as is.” This is one way to sell the house if time is of the essence. Realtors that buy houses “as is” do not charge commission. Additionally, the owner pays no closing costs. Indeed, a closing can be scheduled in two weeks. Moreover, there’s no need to worry about costly repairs or staging the house.
These types of sales are almost always cash sales. The fast cash comes in handy to pay bills and find a new place to live. In addition, homeowners don’t have to worry about a prospective buyer pulling out of the deal. Check online realty services in your area to make sure the offer is a fair one.
Homeowners who need to sell in a hurry must do their research. Are there any negatives to selling “as is?” When you’re weighing the options, remember how much money you’ll put into restaging and making repairs. Consider whether your efforts will pay-off with a higher sale offer.
Are you looking to sell your house?