Selling a house can be challenging, especially if you’re an absentee owner. Managing a property from a distance, coordinating a move, and handling the sale remotely can add extra stress. However, it doesn’t have to be overwhelming. With the right advice and strategies, you can streamline the process and sell your home quickly and efficiently, even if you’re not physically in the St. Louis area. In this article, we’ll share seven valuable tips for absentee owners looking to sell their house.
1. Identify the right time to sell
Timing plays a crucial role in selling a house, as the real estate market can be unpredictable, and the timing of your sale can affect the final price you receive. In the St. Louis Metro area, the optimal time to sell is often during the spring or summer when buyer activity tends to be higher. However, market conditions can change from year to year, so it’s wise to consult with a local real estate professional to pinpoint the ideal time to sell your property.
2. Find a reliable property manager
As an absentee owner, it’s essential to hire a trustworthy property manager to oversee your property. A property manager can assist with various tasks, including rent collection, property maintenance, and managing tenants. By having a dependable property manager, you can preserve your property’s value and ensure your tenants are well cared for throughout the selling process.
3. Price your property correctly
Setting the right price for your property is crucial to achieving a quick sale at the best possible price. If you price it too high, it may linger on the market, while pricing it too low could mean missing out on potential profits. A local real estate expert can guide you in determining the optimal price by considering current market conditions, as well as factors like location, condition, and available amenities.
4. Consider selling directly to a home buying company
As an absentee owner, selling your property directly to a home buying company like MV Property Partners offers a convenient, hassle-free solution. These companies can purchase your property quickly, eliminating the need for showings, repairs, or lengthy negotiations. This option is particularly advantageous if you need to sell your home fast or if you’re unable to be physically present in the St. Louis area.
5. Make necessary repairs and upgrades
Making essential repairs and upgrades can boost your property’s value and appeal to potential buyers. Simple tasks like fixing leaky faucets, updating appliances, and repainting walls can make a difference. However, a full renovation isn’t necessary—focus on small, impactful improvements that enhance the overall appearance and feel of your property.
6. Stage your property for potential buyers
Staging your property allows potential buyers to imagine themselves living in the space, making it more appealing. Simple steps like decluttering, rearranging furniture, and adding decorative touches such as plants or artwork can enhance the property’s look. If you’re unable to be present in the St. Louis area, hiring a professional staging company can help ensure your property is well-prepared for showings.
7. Work with a local real estate expert
Partnering with a local real estate expert can greatly simplify the selling process and help you secure the best possible price for your property. A knowledgeable professional can guide you on pricing, marketing, and negotiations while also addressing any legal or logistical challenges that may arise during the sale.
While selling a property as an absentee owner can be demanding, it doesn’t have to be stressful. By following these seven tips, you can sell your home quickly and efficiently, even if you’re not physically in the St. Louis area. If you’re looking for a hassle-free, convenient way to sell your property, consider selling directly to MV Property Partners. We specialize in purchasing homes directly from homeowners, allowing you to skip the complexities of working with a realtor. Contact us today to learn more about how we can simplify the home-selling process. Call 314-949-7007.