If you’re planning to sell your house fast in Seattle, the sheer number of home buyers willing to purchase your property may overwhelm you. This is a sizzling hot market. And with so many publications reporting that this city is one of the best places to live in the U.S., it’s no wonder that people in the U.S. and worldwide want to be there. So what should you do to sell your house fast in Seattle? Keep reading and discover a few tips that can ensure quick home sales.
Find a Top Agent in Seattle
When selling your home in Seattle, the competition will be fierce among buyers. This is especially true if you own a home in Pioneer Square, Columbia City, or Georgetown. Since this is an in-demand market, you may receive multiple offers. In some cases, these offers may be upwards of a million over asking. This fact alone may tempt you to sell your house FSBO (for sale by owner). However, it is a better idea to hire a top-performing agent knowledgeable of the local market to sell your property.
A top agent should also be someone you can build a relationship with and handle your circumstances. For instance, if you are selling a house in a neighborhood that attracts parents with smaller children, your agent should have strong selling experience selling to such prospects. They should know plenty of information about the local area and have at least ten years of experience selling plenty of homes in Seattle. Most top agents in Seattle will have sold over 100 listings.
Make Sure You Price Your House Correctly
Another critical factor in ensuring that you sell your house quickly and for the best price is to price your house strategically. Many home value estimators online can give you a ballpark of how much your house will be worth in the market. However, relying on these estimates alone is not a good idea. Instead, your real estate agent should be able to provide you with comps in a comparative market analysis report. This will allow you to see how much other homes sold recently in the area. This report will also give you an idea of the types of features these homes have and allow you to price your home at around the same prices as these homes.
A recent news story reported by Kiro 7 points out that real estate agents in the area aren’t surprised to see home sellers rake in upwards of $500,000 over the listing price. Occasionally, some homes may sell for upwards of $1,000,000 over asking. While this creates an imbalance in the market due to the shortage of inventory, it also creates a tremendous opportunity for home sellers in Seattle. But such success stems from adequately pricing your home to sell, which a top agent can help you do. Home sellers would do well to take advantage of this current market. As inventory remains low and home sales skyrocket, the fed has recently raised the fixed mortgage rate. As of early May, it hit 5.3 percent, but this could continue to grow throughout the year and beyond to combat inflation. And these changes may start to change how much money home sellers can get for a sell. That’s why now may be the best time to get these optimal offers.
Choose the Best Time To Sell
If you want to sell your house fast in Seattle, it may be a good idea to wait until one of the best months to do so. Currently, one of the best times to sell is in January, while one of the worst times to sell is in November. A few other optimal selling times are March and April. Also, keep in mind that certain times of the week are better than others. For example, Thursday is a great day to sell your house in Seattle because many buyers like to take care of the transaction before the weekend. These times aren’t set in stone, however. You can sell your house anytime you want. However, it is a good idea to keep these times in mind when you’re ready to list.
Focus on Key Home Improvements
Although currently selling your house in Seattle is a cinch, making home improvements could sell your house even faster and can also get you more money than expected. Fresh paint on the interior and exterior, deep cleaning, and freshly mowed lawns may be all you need. But a few more options specific to this region could drive up buyers’ interest and payouts for your property. One critical home improvement to consider is an accessory dwelling unit (ADU). These smaller residences on your property serve as guest houses for additional family members. However, more Seattleites are using these units as rental properties.
Additionally, well-planned garages that do more than house cars are also in high demand. Many people move to Seattle for outdoor adventures. So, the more your garage can provide a space that allows homeowners to get their gear and go, the more your house will be appealing. Outdoor spaces like terraces and balconies are also in high demand. People who aren’t enjoying the many outdoor escapades around Seattle sometimes want to sit outside and enjoy the ambiance. A great outdoor space will help improve the experience. And if you live in an area where boating is a significant outdoor activity, having a nice dock, boating house, or other outdoor expanses could lure considerable interest in your home.
Consider Selling Your House For Cash to Sell it Fast
One more viable option that home sellers are considering instead selling homes the traditional way is getting cash in exchange for their homes. This market started a few decades ago as a way for investors to provide homeowners money for distressed homes. These companies would market themselves as businesses that buy “ugly” houses. Nowadays, you don’t have to have an ugly, dilapidated house to work with such companies.
Many of these companies provide safe transactions offering homeowners cash for their property in any condition. Companies like Homelight, We Buy Ugly Houses, and We Buy Houses provide legitimate cash offers to clients, sometimes within days. This is ideal for those homebuyers who can’t wait on traditional real estate processes because they need to relocate or need cash quickly for other reasons.
Keep These Tips in Mind
Home sellers should still consider these tips despite homes being in high demand in the Seattle area. Relying on a house to sell itself based on a solid market without using these methods could keep it sitting on the market too long. It could even cause a home seller to miss out on hundreds of thousands of dollars. On the other hand, having a plan will allow you to get as many qualified buyers viewing your property and even drive up the selling price.