Money Is Speed When Selling Your Home
Have you ever heard the saying ‘Money is Speed’? Well, that saying certainly applies when selling your home. As we all know, selling your home can be a complex and sometimes stressful process but there is one thing that is absolutely critical for success and that is Money is Speed. So, what does that mean exactly?
It means that the faster you can sell your home, the more likely you are to receive the highest price, avoid unnecessary expenses and hopefully make a significant profit. Now, keep in mind, this doesn't mean selling your home too quickly in a market where you are seeing bidding wars and multiple offers. If you sell your home in a day in a market climate like this, you are typically leaving money on the table. I’m referring to having your home stay on the market in a more normalized market.
In a normalized market, the longer your home stays on the market, the more you will pay for the “holding costs” such as property taxes, utilities, possible repairs, and maintenance. Also, the longer buyers and their agent see the home has been on the market longer, they feel they can get it for a cheaper price. Obviously, these costs can cut into your bottom-line profit and make it more difficult to achieve your financial goals. Of course, there are strategies to be sure this doesn’t happen.
Pricing your home competitively is key. Staying competitive in a real estate market means buyers are more likely to make offers on homes that are priced competitively and possibly increase your chances of receiving multiple offers.
Also, making any necessary repairs upfront will avoid added expenses during negotiations, and finally making sure you are working with an experienced and reputable agent are all critical factors to be sure you can sell your home quickly.
With the experience that comes with helping over 2,200 San Diego homeowners to sell their home, we know exactly what it takes to sell your home for top dollar and have the expertise to reduce your costs and save you money every step of the way! Contact my team and I so we can show you our complete marketing plan and digital strategy on how we can sell your home quickly and effectively to make the most return on your investment.
Whether you want to sell your existing home, buy your first home, upsize, downsize, purchase a vacation home, or just talk about options, a real estate professional is your best source for information based on current trends in our area. If you're interested in learning more about the 2023 real estate forecast, don't hesitate to reach out - we're happy to help!