Selling a house can be stressful, especially for absentee owners. So what are absentee owners? Well, it means that the owner of the home doesn’t actually live at the property. You may have to deal with a long-distance move, property management issues, and the stress of selling a property from afar. The good news is, selling your house doesn’t have to be a headache. With the right tips and guidance, you can sell your house fast and efficiently, even if you’re not physically present in Dallas / Fort Worth. In this article, we’ll provide you with seven tips for absentee owners who need to sell a house in Dallas / Fort Worth.
1. Identify the right time to sell
Timing is crucial when it comes to selling a house. The real estate market can be unpredictable, and the timing of your sale can significantly affect your final sale price. In Dallas / Fort Worth, the best time to sell a house is usually during the spring or summer months when buyer activity is at its peak. Historically, selling a home around the holidays is the least ideal time as people are busy with shopping and parties. However, market conditions can change from year to year, so it’s wise to consult a local real estate expert to determine the optimal time to sell your property.
2. Find a reliable property manager
If you’re an absentee owner, it can certainly be more challenging to manage your property from a distance. You’ll need to find a reliable property manager to help you oversee your property. A property manager can assist with tasks like property maintenance, rent collection, and tenant management which includes running background checks if desired, etc.. Having a dependable property manager helps preserve the value of your property and ensures that your tenants are well-cared-for throughout the selling process. You certainly want to make sure that your property stays in tip top shape while you’re trying to find the right buyer.
3. Price your property correctly
If you want to sell your home quickly, then pricing your property correctly is essential for getting the best possible price. Pricing the property too high can lead to your property sitting on the market for way too long, while pricing too low can cause you to lose out on potential profits. It can really help to utilize a local real estate expert to determine the best price for your property based on the current market conditions and other factors such as location, condition, and amenities.
4. Consider selling directly to a home buying company
If you’re an absentee owner, selling your property directly to a home buying company like Madison Lea Homes can be a convenient and stress-free option. Home buying companies can purchase your property fast and efficiently, without the need for showings, expensive repairs, high commissions, fees and closing costs, or negotiations. This can be especially beneficial if you need to sell your property fast or if you’re not physically present in Dallas / Fort Worth.
Going this route can be such a simple solution because it’s possible to close in as little as seven days, and you won’t have to worry about buyer financing falling through at the last minute, major issues being discovered through home inspections, or a host of other unexpected things that can happen along the way. And if you need more time because of a tenant lease, we can extend the closing to whenever it works best for you. In some cases, we buy houses with the tenant in place, and then we work with them as their landlord in determining whether or not we’ll extend their lease.
5. Make necessary repairs and upgrades
Absentee owners that are able to make necessary repairs and upgrades to the home can increase the property’s value and appeal to potential buyers. Simple tasks like fixing leaky faucets, updating appliances, and repainting walls can make a huge difference. However, there’s no need for a full-scale renovation—focus on small updates that can significantly enhance the overall look and feel of your home but won’t break the bank. Another inexpensive way to update is with replacing light fixtures. New light fixtures can really make a home feel new.
6. Stage your property for potential buyers
Absentee owners should consider how to get the house staged so that potential buyers envision themselves living in the space. The goal is to make the home as attractive as possible to all potential buyers. This can include tasks such as decluttering, rearranging furniture, and adding decorative touches such as plants or artwork. If you’re not physically present in Dallas / Fort Worth, consider hiring a professional staging company that works with absentee owners to prepare the property for showings.
7. Work with a local real estate expert
Working with a local real estate expert can help you navigate the selling process and ensure that you get the best possible price for your property. Absentee owners can benefit from working with a local real estate expert to provide guidance on pricing, marketing, and negotiations, and can help navigate any legal or logistical issues that may arise during the selling process.
Absentee owners all agree that selling a property from a distance can be challenging, but it doesn’t have to be stressful. By following these seven tips, you can sell your property fast and simply, even if you’re not physically present in Dallas / Fort Worth. And if you’re looking for a stress-free and convenient way to sell your property, consider selling directly to Madison Lea Homes. We specialize in buying homes directly from homeowners, which means you can avoid the hassle of working with a realtor altogether. We can save you time, headaches, and money. Contact us today to learn more about how we can help simplify the home-selling process. 972-945-7299