With endless entertainment, natural landscapes, and sunny weather, Las Vegas is drawing more permanent residents to it every year. Las Vegas is considered a business-friendly place for many sectors, which also affects the housing market. The low amount of homes sold in Las Vegas makes it very easy to sell your house quickly due to the lack of competition. It’s worth mentioning that buyers will still want their properties to be shiny and interesting, which is where you’ll have to chime in. We’ll be mentioning a few of the easiest ways that can get you to sell your property in Vegas easily.
PHOTO CREDIT | Unsplash/Jason Leung
Picking the Right Time
The time that you put your house or property on sale is very important in cities bustling with growth like Vegas. According to market trends, July seems to be the most profitable month to sell a house in. The appreciation rate of properties picks up starting from April until August. This is when families flock to the city to look for homes, especially those who have children that go to school. Naturally, holidays are known to be quite slow in sales as most people stay at home or go on vacation. It’s worth mentioning that Vegas’s weather is conveniently dry for most of the year, so the activity of property sales isn’t as high as other locations.
Hire a Real Estate Agent
The lack of competition in a hot housing market like Vegas may tempt a lot of people to forgo the services of real estate agents and sell the property on their own, especially those who are selling a fixer-upper property, but that can sometimes be a gamble. A good local real estate agent will anticipate problems before they happen, leaving enough time to come up with a plan that can tackle them. The legal paperwork involved is sensitive when it comes to mistakes. The wrong handling of the legal paperwork can leave you vulnerable to litigation and delays in sales.
Real estate agencies are now using a combination of online and conventional marketing strategies to maximize the presence of the property in the market. It’s worth adding that online listings are often done wrong by new sellers, where they don’t truly understand the value of the pictures presented. Seasoned real estate agents use professional property photographs to present the property at its best to online buyers. As seen with some properties sold by Las Vegas Homes By Leslie, some pictures are taken by drones to ensure the proper display of the property. Even though there is no shortage of real estate agents in Vegas, you need to look for one you can trust if you want it sold as quickly and profitably as possible.
Finding the Right Price
Fortunately, the housing market of Las Vegas sees a lot of action recently. The home prices are increasing at a pretty good rate, while the number of local home sales is dipping below the average. The increase in buyer demand can be credited to the ever-growing population boom and the tech sector’s interest in the area. The health of the housing market has been on a rapidly increasing curve after the housing bubble impact was reduced. If you’re new to this industry, you should know that pricing is one of the most important aspects you must get right if you want to sell your home easily. Using the wrong price is one of the most common problems that make the sale extremely difficult.
A price too high will only make the process longer, not to mention that you will probably never sell the property if the price is ridiculously high. Creating a cycle of confidence where buyers are interested in your property is very important if you want to get the momentum going. Putting a high price tag will make it harder to gain traction in the market, which will be a hard mistake to fix. If you push the price too low, you are losing money that you could’ve easily asked for.
Presenting a Move-in Ready Property
Luxury-oriented interests direct the majority of the housing projects in Las Vegas. People are looking for developments that are huge, with many local amenities and businesses, in addition to schools. These high-end locations haven’t seen a lot of positive buyer action in the recession, but they made a recent comeback, which is helping in switching things up in the city. Design trends are very impactful when it comes to creating homes move-in ready. The aesthetic fads of the past are very impractical for those trying to present their homes as a move-in ready property. If you want to create the right aesthetic for a quick sale, look for modern designs with recent upgrades. Even though some dated designs may have cost a pretty penny back then, they will do the property more harm than good when it comes to setting a price.
PHOTO CREDIT | Unsplash/Jean-Philippe Delberghe
Selling the Property As-Is
Selling the property as-is means not investing money in repairs, upgrades, renovations, makeovers, or cleaning. While this route isn’t always perfect when you’re not using a real estate agency, it can make the process a lot faster than you think. Spending time and money on your property before selling it in Las Vegas can end up not very fruitful in terms of sales speed.
Since you’ll probably ramp up the price after this process, it is bound to take more time to be done. In a city like Vegas, investors have no problem closing on your house without you needing to do anything to it, but it all boils down to finding the right buyers. It’s recommended to use the help of a real estate agent to avoid being low-balled or pushed into a corner during price negotiations.
Whether you’re trying to sell a property in Las Vegas to make a profit after making renovations or if you’re tight on cash and would like an easy way out, you should know that it’s possible to get it done easily and quickly. Unlike many common misconceptions, tourists and wild gamblers aren’t the only people who populate Las Vegas; it is home to many people and potential buyers.
