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SELLING BEFORE
A DEADLINE
Selling quickly to meet a
deadline is a common concern for home
sellers. A recent National Association of
Realtors survey found that 55% of home
sellers were in a hurry when they put
their home for sale. Some of the most
important items to keep in mind when
selling with a deadline are:
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Preparing your home for the sale
In most neighborhoods, if
you must close on your home sale within 8
to 10 weeks, then you should put your home
on the market quickly and not delay for
home preparation. Remember, most closings
occur 4 to 6 weeks after you have found a
buyer and agreed on price. Consider hiring
a cleaning service to thoroughly clean
your house if you don't have time. Follow
the advice contained in
Preparing Your Home, but
remember that any delay in preparing your
home may be costly.
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Pricing your home for sale
Pricing appropriately is even more
important for sellers with a deadline.
Consider hiring an appraiser that can
quickly suggest a value for your property.
Calculate the financial and dollar cost of
missing your deadline. If you are
relocating to another city, don't forget
to calculate:
- the cost, time, or
financial risk of buying another home
without your current home sold;
- the cost and time
required to get temporary housing if you
need your current home to sell before
you buy another home in your new city;
- the cost and time
required to maintain and secure your
home when you are out of town,
- the cost and time
required to visit your family members
who stay with the home until it sells,
- the cost and time of
keeping pets in a kennel,
- the reduced purchase
price you will receive because your home
is vacant when it is shown,
- travel expenses
returning to your town to move your
personal belongings or attend closing,
and
- any other costs or
time your missed deadline may require.
See our recommendations
for
Pricing your Home
for further advice.
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