If you need extra cash or want to simplify your life, you may consider selling a vacation home or rental property. The process of selling a second home is similar to selling an owner-occupied residence. The process is simple, but it can take months.
Instructions
Decide whether to use a real estate agent. If you need to sell a second home quickly, it’s best to use a real estate agent. She’ll find potential buyers, show the home and handle the paperwork. If you decide to sell the home yourself, you’ll be responsible for the open houses and marketing the home.
Choose a realistic sale price. The key to quickly selling a second home is choosing the best price. Real estate agents typically run a comparative analysis, in which they research current prices in the area.
Have a home appraisal. If you’ve completed several home improvement projects and upgrades, you may consider an appraisal--especially if you choose to sell a second home without the help of an agent. You'll know the home’s worth, and you can decide a sale price.
Make repairs and improvements. If the home is old or outdated, consider a few upgrades or improvements. You don’t have to spend a lot of money. A fresh coat of paint, new floors and new light fixtures can make a difference.
Prepare the home. You want potential buyers to walk into the home and feel comfortable. Create a warm and cozy atmosphere. Stage the home yourself or hire a professional stager. He’ll remove bulky items, re-arrange furniture or bring in a few home accents to beautify the space.
Assist the home buyer. The best way to quickly sell a second home is to offer a few incentives. You may offer to pay the buyer’s settlement fees, agree to a quick close or reduce the sale price.
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