Transitioning to Assisted Living: The Seamless Guide to Selling Your Home Quickly
As our parents age, it can be difficult for them to enjoy their golden years if they don’t have the right living assistance. In some situations, you might need to help your mother with assisted living transition.
While moving mom to assisted living against her will can be stressful, the good news is the average house in California is worth just under $786,000. This provides plenty of opportunity to make a beneficial change.
Selling your home quickly in the current real estate market can be difficult, so we’ve written a guide that details the key information you should know. Let’s explore how to sell your home fast and get the money you need.
Research Similar Home Values
Pricing your home appropriately is crucial for selling it quickly. To do so, you’ll need to research similar properties in your area. Consider attributes like size, amenities, and location.
To clarify, you might find that a smaller home with fewer amenities is priced higher because it’s closer to a top school. Pricing your home too high can make it difficult to find a buyer. However, pricing your home too low could lead to financial issues.
Don’t make the mistake of listing your home at a rock-bottom price simply because you want to move out quickly. Waiting a bit longer will likely save you tens of thousands of dollars.
Consider a Real Estate Agent
Real estate agents have one job: finding a buyer for your home. They have tools and resources they can leverage to market your property and vet potential buyers.
However, remember that agents take a percentage of the sale price as their compensation. This is typically around 5%, but this ends up being a substantial amount of money for high-value homes.
Imagine your home is worth $900,000. Your real estate agent charges 5% of the sale price as a commission.
That’s $45,000 immediately taken from your pocket. While agents can help you sell your home quickly, you indirectly pay for their service through their commission. Keep this in mind when moving forward.
Consider Renovating
Home improvement projects can make your house more attractive to potential buyers. Some provide a greater return on investment than others.
The most notable to focus on include:
- Entry door replacement
- Garage door replacement
- House siding improvement
- Kitchen remodels
This isn’t an option for everyone, though. Some people don’t have the money to upgrade their property before putting it on the market. Others don’t have time to wait for work to complete before selling the home.
If you have the time and opportunity, take advantage of renovating. This will make it easier to find a buyer once your home hits the market, and you’ll sell for a higher price.
Curb appeal is also important to focus on. If people don’t enjoy looking at the home from the street or driveway, they likely won’t be interested in buying it.
Declutter
When your home is cluttered, potential buyers have difficulty imagining themselves living there. Clutter can also make it unpleasant for them to walk through your home during showings.
It’s best to thoroughly clean your house to make it as visually appealing as possible. You should also remove personal items, as this could distract people from the home’s main features.
Set a Deadline
To sell your home quickly, you’ll need to set a hard deadline. This will help keep you accountable and ensure you’re always working toward the sale.
Don’t be unrealistic with your expectations, though. It’s likely not possible to sell a house within a few days if it needs renovations and decluttering. Instead, give yourself at least a month to work with.
Agree to All Inspections
Buyers generally want to conduct inspections on a home they’re interested in. This provides insight into underlying issues that could later arise.
If the seller doesn’t agree to certain inspections, it could delay the transaction. It could also cause the buyer to walk away from the sale.
To keep things simple, agree to all inspections the buyer requests. There’s a silver lining here, though. Let’s assume a buyer organized multiple inspections before deciding they were no longer interested.
When a new buyer comes along, you can provide them with information from the inspections the other buyer organized. This can save a notable amount of time during the process.
Work with a Cash Buyer
One of the best ways to sell your home as soon as possible is to work with a cash buyer. They often prioritize quick sales, meaning they aren’t concerned with the same details as other buyers.
To clarify, they likely won’t care if your home needs repairs or decluttering. It’s also not uncommon for them to pay closing costs. When looking for a cash buyer, ensure you research their reputation.
This plays a large role in getting the best results. Spending a few minutes on Google can likely tell you everything you need to know.
Gauge how comfortable you are communicating with them, as you’ll need to contact them throughout the process. Since you won’t use a real estate agent, it’s required to communicate with them directly.
If they seem conflicted about purchasing your home or aren’t responsive, consider your search elsewhere. The last thing you want is to drag out the sale for weeks or months by focusing on a cash buyer who isn’t serious about the transaction. Put simply, you should walk away and find a different cash buyer if they aren’t meeting your needs.
Moving Mom to Assisted Living Against Her Will Can Be Stressful
One of the most difficult parts of moving mom to assisted living against her will is selling a home. The tips in this guide will ensure you can do so quickly and use the money to improve your family’s quality of life.
Premier Property Buyers is always looking for homes in Southern California to purchase with cash. We also purchase homes as-is, regardless of whether they need repairs. Reach out to us today to learn more about the offer we can make for your home.
