How Fast Can You Sell a House After Buying It?
Purchasing a home is one of the biggest investments a person can make in their lifetime, and it is a process that should be taken very seriously. When it is time to sell, many people have many questions. How fast can you sell a home after buying it? The answer to this depends on several factors.
The typical seller lives in their home for 15 years before putting it up for sale, according to the Zillow Group Consumer Housing Trends Report. A home is most people's largest financial investment, so homeowners tend to stay long enough to gain significant equity. But life can change unexpectedly, and you may need to move sooner than you had planned(1). Below are the factors that could affect how quickly you can sell a house after buying it.
Unforeseen Financial Difficulties
One of the primary reasons why an individual may decide to sell a house to we buy houses in Kansas City after buying it is due to unforeseen financial difficulties. This could be due to a medical emergency or any other type of financial hardship. When this happens, an individual may find it necessary to liquidate some of their assets, including their home, to pay for their expenses.
Unexpected Increase in Expenses
This could be due to a significant home repair or renovation that is needed or an increase in property taxes or other housing costs. When these expenses become too much to handle, an individual may decide to sell the house to free up the money needed to pay for them.
Moving to a Different Location
One of the usual reasons why someone might sell a house to we buy houses Kansas City MO, after buying it is because they are moving to a different location. This could be due to a job opportunity, a desire to live closer to family, or any other personal reason. When this happens, an individual may find it necessary to sell their home to finance their move.
Life Changes
This could be due to a divorce, the death of a loved one, or any other type of life transition. When this happens, an individual may find it necessary to sell the house to move on with their life.
Need for a Different Style Home
A person's tastes and needs can change over time, and if their current home does not suit their needs, they may need to sell it to buy one that better fits their lifestyle. This could be due to a change in hobbies or a desire for a different home style. If the person's needs have changed and they can no longer find the features they need in their current home, selling their home may be necessary and looking for one that better suits their needs.
Need for a Different Location
Sometimes a person may need to move to a different part of town to be closer to work or family. If this is the case, it may be necessary to sell their current home to purchase one in the desired location.
Need for a Different Size Home
A person's family size can change over time, and if their current home is not the right size for their needs, they may need to sell it to buy a larger one. This could be due to starting a family or having children move out. If the family needs more space, it could be necessary to sell their existing home and buy one that is better suited for their needs.
Job Loss
A job loss can significantly impact a person's financial situation. If the person has lost their job and does not have another one lined up soon, it can be wise to sell the house to get out from under the financial burden. This will free up money to pay for other expenses and allow the person to start fresh in a new location.
Change in Financial Circumstances
If a person receives an increase in salary, an inheritance, or their family size changes, it might make sense to sell their existing home and buy a different one that better suits their new financial situation. This could mean buying a larger, more expensive home in a different location.
Strategies To Sell The House Fast.
Selling a house can seem intimidating, especially if time is of the essence. With the right strategies, however, you can have your home off the market and a successful sale sooner rather than later. Below are strategies you should use when selling a house after you've bought it.
Pricing Your House Competitively
One of the most important factors when selling your house quickly is the price you set. One of the best strategies is to price your house competitively to stand out in a crowded market. Research similar homes in your area and compare what they are selling for. You want to place your house in the median price range to attract potential buyers.
Localize Your Listing
When crafting your listing, make sure to include some local information. People who want to live in that area might be drawn to your listing. List the neighborhood, local schools, and other features about the place that might attract potential buyers.
Extensive Digital Marketing Campaign
Ensure your listing is posted on popular real estate websites and apps like Zillow and Trulia. You can also post to social media platforms and reach a wider audience. This will help drive potential buyers to your listing and offer you more.
Offer an Incentive
Offering potential buyers an incentive is another way to attract more offers and make your sale go quickly. For example, you can submit a cash rebate or closing costs assistance to show you are serious about selling your house. This will help show buyers that you are motivated to sell and can help increase their interest in making an offer.
Partner With a Professional Real Estate Agent
An experienced agent can help sell your house quickly by utilizing their contacts and resources. They can also provide valuable advice regarding pricing and staging your home, among other things. This type of assistance is well worth the cost of selling your house quickly.
About the author
Benjamin Allgeyer
Benjamin Allgeyer is a real estate investor and the owner of Crown City Home Buyers, a cash home buying company based in Kansas City, MO. Benjamin has a passion for helping homeowners who are facing difficult situations, such as foreclosure or financial distress, by providing them with a quick and hassle-free solution to sell their homes. He is committed to providing his clients with exceptional service and helping them achieve their real estate goals.
We here at Crown City Home Buyers are dedicated to getting the most cash possible into your pockets for your home as-is, so that you can get the most out of this situation and prepare to move on. We will buy houses in any condition without you needing to fix your home before sale.