When you think about the ability to sell your home extremely quickly — perhaps even within 24 hours of listing it — this may seem too good to be true. However, many sellers can successfully reach a conditional agreement with a buyer just a short time after the house hits the market. There are lots of ways to sell your home quickly, but when it comes to completing a sale in a matter of hours, perhaps the best thing that you can do is to price the property below market value. At first, you might shun this idea, as you'll end up with less money in your pocket. But if you're a motivated seller for any reason, this can be a good idea. Beyond simply the fact that you'll sell quickly, here are some other advantages of pricing the residence in this manner.
No Hassle Of Open Houses
While there are lots of good things about holding open houses, their drawback is that they can be a bit of a hassle. You and your real estate agent will work hard to publicize these events, and you'll need to not only prepare the house for visitors, but also go find something else to do for a few hours while the open house takes place. When you price the residence below market value, you probably won't need an open house to sell it.
Fewer Emotional Ups And Downs
There can be lots of emotional ups and downs when your house is for sale. You'll face the elation of getting an offer, the stress of negotiating, and sometimes even the dismay when someone withdraws an offer. There are generally fewer ups and downs to experience when you price your property below market value. In such a scenario, the buyer knows that he or she is getting more than a fair deal, and will be eager to close the sale as quickly as possible, rather than go back and forth in a drawn-out negotiation.
Less Stress On Your Family
The longer your house goes without selling, the more stressful things can be. This is especially true if you're looking to move as soon as possible — maybe your kids are starting at a new school and you want to be settled in before the first day, or maybe you want to get moved before winter arrives. A house priced below market value should sell so quickly that you don't endure much stress.