Hamilton is an important industrial and educational region, plus a port city of Canada due to which it has seen a significant surge in the housing market as of late.
With the average home prices soaring up by 32% year-over-year, the Hamilton real estate has just been able to cross the $1 million mark in Feb 2022, creating plenty of opportunities if you want to sell your house in Hamilton.
In fact, the demand of homes for sale in Hamilton is so high that the average days on market (DOM) has also reduced to an all-time low of just 9.1 days compared to 2-3 months of average DOM in general, making it quite easy for people who are in a hurry to sell their homes and flee.
(DOM is the period for which a property stays listed before it is either sold or taken off the market)
Nevertheless, selling your house at the last minute could be nerve-racking. Especially when you’re dealing with a financial crisis and don’t have the time to look for the right buyer.
There are several reasons that could prompt you to sell your house quickly. Job change, relocation, marriage/ divorce, or property that you might have inherited but don’t have the right means to take care of are all good reasons for selling your property fast.
Whatever the case be, here are some tips for selling houses quickly that you can use to sell your house fast in Hamilton:
1. Find a real estate agent
Selling and buying a property is a complicated affair in itself which becomes even more tiring if you don’t have the time to observe the market.
A real estate agent or firm could help you sell your home fast due to the expertise and tools they have to expedite and close the sale.
Although they might charge you a hefty commission, they’re still the best option if you don’t want to sell your home for anything less than what it’s worth, especially when you’re running out of time.
Speaking of which, you might want to consider reducing the price to attract potential buyers.
2. Price the house competitively
Pricing the house isn’t the same when you’re in haste since you’d want to attract as many prospects as shortly as you can.
The best way to do that is by pricing your home marginally low to equivalent properties in your neighbourhood so as to make it stand out and get the attention it needs to be sold.
But pricing it too low could also end up causing you a financial loss, which shouldn’t be the case either.
Therefore, the best way to price your house accurately is by analysing the market comparatively, or by getting a property evaluation by a professional realtor.
Remember, the cost of the property is the biggest factor that a buyer considers before finalising the deal.
3. Market it on the internet
After finalising the cost, you can start advertising and marketing your home in all the right places including the internet and traditional methods. Use Facebook, Marketplace, Zillow, or Trulia to spread the word online and local dailies such as newspapers, flyers, and magazines for offline coverage.
Make sure to add some high-resolution images and a proper description of your property on every profile so as to give interested parties a fair idea of your space.
And don’t forget to put up a for-sale sign on your porch.
4. Get it listed on MLS
Listing your house on multiple listing services is of paramount importance whether you hire a real estate agent or not.
You can do that by paying a small flat fee to a property dealer without having to pay for the whole commission on the sale.
The point of listing your house on the MLS system is to gain access into the database of your local real estate market and draw the right buyer.
5. Sell it as-is
Since you won’t have the time to indulge in repairs and touch-ups yourself, selling it as-is to a cash house buyer is a great option.
Most of these professional buyers waste no time in inspecting the property and making an all-cash offer within 24 hours to close the deal and relieve you off the property.
Plus there are no real estate commissions involved when selling a house to these investors.
As you can see, the path to selling your house fast begins with accurate pricing, smart marketing, and making good use of all the tools available at your disposal. And that includes a little help or guidance from a realtor here and there.
In case you don’t want to get into the hassle of valuation, marketing and paperwork yourself, there’s always the option of selling it as-is to a professional home buyer against cash payment.
I hope you find this info useful in your quest to find the right buyer and sell your property fast in Hamilton.
Thanks to all the companies linked above.