There’s more than one way to sell your home in Arizona.
While most people think of the traditional home selling process involving financing, negotiations, and quite a few middlemen, there are actually other options for selling a house — including selling your home for cash.
Which method of home selling is right for you?
Here, you’ll learn important considerations about selling a home in Arizona. It will help you make a decision about what approach is right for you!
What is the best way to sell your home in Arizona?
To inexperienced sellers, it might seem like the traditional approach is the only way to sell a house — not just in Arizona, but anywhere.
“Traditional” refers to what has historically been the most common method of selling a home — working with a seller’s agent, cleaning up the house, listing and marketing it, dealing with showings, negotiating with potential buyers, and then dealing with contingencies such as home inspections.
It’s a tall order — but it’s not the only approach. To avoid the hassle, some people choose to sell their homes for cash instead. Despite the name, that’s actually just a method of completing the transaction without financing.
No matter what road you choose to take, keep these things in mind:
1. Understand the local market
If you want to sell a house, you’ve got to understand the local market. While there are certain overarching trends that might affect the real estate market in general, you’ve also got to consider more local factors.
For instance, in certain areas of Arizona, your target audience will be retirees. That means that installing features or staging your house to be appealing to that demographic could help your home sell faster. It can also help you play up the most appealing selling points. For example, in certain parts of Arizona where the weather gets hot, a pool is an extremely desirable feature. Making sure to emphasize the great shape your pool can help your listing get noticed.
2. Focusing on timing your sale
Timing matters! When it comes to selling a home in Arizona, some times of the year are traditionally better than others. But it’s not necessarily the same times of year that are hottest for real estate in other parts of the country.
For instance, while spring and summer are the busiest times for real estate in much of the U.S.A, Arizona’s market is at its peak in the fall. Timing your sale to coincide with the busiest times in your local market can help speed up your sale.
3. Focus on setting the right price
It’s difficult to overstate the importance of pricing your home appropriately. If you price it too low, people may get suspicious and wonder what is wrong with it. But if you price it too high, it can be a turn-off and your house may languish on the market for months. The longer it’s on the market, the more likely it becomes that you’ll have to reduce the price anyway.
That’s a long way of saying … It’s really a lot easier to set an appropriate price from the get-go! Browse local listings to get an idea of what prices comparable houses are fetching in your area. For a more accurate assessment, consider consulting with a real estate professional who has a better idea of what’s realistic in the current market. Check out this post for more: “How to Determine the Property Value of a House.”
4. Consider renovations you want to make
A home that’s in great shape will typically sell a lot faster than one that’s outdated or that needs serious work.
If you want to make your house as appealing as it possibly can be, consider renovations or repairs you’d like to make before you list. Getting quotes can help you establish a timeline and budget for how much you’ll need to spend before you list.
5. Skip The Hassle and Sell Your Home For Cash
Believe it or not, those first four considerations are just the beginning of a traditional home sale. From there, you need to do the repairs, have professional photos done, possibly pay for staging, work with a realtor to create a listing, deal with listings, and go back and forth with negotiations.
If it’s all starting to sound like a very big headache, you may want to consider selling your home for cash. This unique type of home sale doesn’t require financing on the buyer’s part and often happens a lot faster than a traditional home sale. Curious to learn more? Check out this post: “What Happens If You Sell Your Home For Cash?”
Conclusion
When most people think about selling a home in Arizona, they think about things like the time of year, local market, and the right price. But there’s another important consideration — is a traditional financed sale or a cash sale the best option for you and your situation?
There’s no right or wrong answer — it’s all about what works for you. By reading through the considerations in this post, you’ve already got a head start in terms of gathering information that can help you make the appropriate decision!
Which method of home selling appeals to sell your home in Arizona: a traditional financed sale, or a cash sale?