We previously shared that it takes an average of 71 days for a home to go from listing to closing. But did you know there are things you can do that may speed up the process? You don’t want to miss our in-depth discussion on how to sell your house fast in Rhode Island!
Get a Comparative Market Analysis
The first step to selling your house quickly in Rhode Island is getting a Comparative Market Analysis (CMA). A Comparative Market Analysis is a resource that your real estate agent uses to estimate the value of your property. An experienced REALTOR® like Liz Kettelle at RE/MAX can assist you in completing your home’s CMA.
So, how is the estimation calculated?
Agents create a CMA by examining recently sold properties – comparables or comps – that are similar to yours. Comparable homes are typically in similar neighborhoods with similar features. The idea is to compare “apples to apples” and “oranges to oranges.” Doing so creates an accurate, fair market value estimate, helping you get the most money for your property.
A second option is having your agent create a Homebot report. This alternative provides homeowners with a more informal home valuation. This information often shares what has sold in the neighborhood, estimates the homeowner’s equity and more.
Don’t hesitate to contact Liz if you have questions about getting a CMA or Homebot report!
Sign a Listing Agreement
If you want to know how to sell your house fast in Rhode Island, a crucial step is signing a listing agreement with your real estate agent. This document is an agreement between an agent and property owner authorizing the listing agent to represent the seller during the transaction.
This step shouldn’t be skipped, as trying to sell your home without the help of an expert REALTOR® can have enormous consequences. You risk inaccurately pricing your home, leaving money on the table, having negotiation problems, and more.
As soon as you sign the agreement with your agent, they will work quickly on the next steps of selling your Rhode Island home fast.
Your Agent Strategically Prices Your Home
After signing your listing agreement, your real estate agent will carefully price your home. They will set the price as competitively as possible – not too high, so it lingers on the market too long, but not too low, causing you to lose money.
They will use the findings from the previously mentioned CMA to help price your property. They may also consider other factors like past appraisals, homeowner insights, and nearby amenities to set the home’s price. With years of selling experience, you can be sure your agent has your back, and your listing price will be “on point”!
Your Agent Markets Your House to Prospective Buyers
As you research how to sell your house fast in Rhode Island, you’ll find that a strategically marketed home is crucial to the selling process. Your REALTOR® won’t throw pictures together and slap your home online, hoping for the best.
On the contrary… They have home marketing down to a science. First, they schedule a professional photographer to take stunning photos of your home. Then, they showcase your home on the Multiple Listing Service (MLS), helping get the house in front of prospective buyers. They also typically post your home on social media, provide staging advice, schedule private showings, host open houses, and more. A real estate agent makes a world of difference when marketing your home!
Negotiations and Finalizing the Home Sale
Not only does your agent know how to price and market your home, but they also are experts at negotiating with buyers and their agents on your behalf and finalizing your home sale. They have an arsenal of negotiating strategies that can be used when selling your home, including the following (and more):
· They know how to keep a cool head if tensions arise.
· They refer back to years of negotiating experiences.
· They have unmatched business skills.
· They know how to recognize value-creating moves.
· They have access to essential data.
· Ultimately, they are pros at maximizing value.
Once your agent negotiates on your behalf and you accept an offer, they will help you with the rest of the home-selling process. You never have to worry about being left out of the loop, unsure of what’s next. Your agent will be there to answer your questions, prepare paperwork, coordinate with other professionals associated with the transaction, and more. You’ll be at the closing table in no time!
Close on Your New Home
You made it – it’s the closing day! It’s almost time to move into your new home.
As you prepare for closing, your agent will remind you of important upcoming dates and advise you on what to bring to the closing table. They will go on the final walkthrough with you, ensuring the property is in the agreed-upon condition.
They will be present at the closing, ensuring all contract conditions have been met and keeping your interests above their own. They are your expert “closing coach” to help you win in the home selling game!
The Next Steps…
We hope you’ve enjoyed learning how to sell your house fast in Rhode Island. If you are ready to explore working with a full-time, full-service REALTOR®, please reach out to Liz Kettelle at RE/MAX today!
We also offer many resources to help guide you in buying or selling a home – we invite you to check out our free downloads and helpful blogs, bookmarking the resources that may help you most.