Dec 12, 2022 - 11m read
Selling A House In 5 Days: Is It Possible?
You may be wondering if it’s possible to sell your home in as little as five days. If you can list your home at the beginning of the week and sell it by the end of the same week, you’d be able to begin the closing process without needing to wade through numerous open houses and scheduled tours.
Anthony Reinoehl
Co-Founder
Putting your home on the market can be a difficult decision. It’s important that you list the home at a price that will be appealing to potential buyers while also allowing you to make a sizable profit. You may be wondering if it’s possible to sell your home in as little as five days. If you can list your home at the beginning of the week and sell it by the end of the same week, you’d be able to begin the closing process without needing to wade through numerous open houses and scheduled tours.
Selling a home in just five days is about the fastest that this process can be completed in. Modern tools like instant online offers and iBuyers allow homes to be sold quicker than ever. However, transactions have also been shortened because of the effects of the COVID-19 pandemic.
Once the Federal Reserve lowered interest rates, buyer demand spiked and has yet to fully diminish. When demand is far higher than housing supply, it’s common for homeowners to quickly receive multiple offers. Keep in mind that the market has been changing as of late. Interest rates are no longer at historic lows, which has resulted in buyer demand easing somewhat.
Selling a home in five days has numerous benefits, the primary of which is that you’ll be able to get out of your home quickly, which might be advantageous if you have found another home you’d like to purchase or are relocating because of a new job offer. In this article, you’ll find out how you can sell a home in five days.
Is Selling a House in 5 Days Possible?
Yes, it’s possible to sell a home in five days or less since inventory is still low. While interest rates have risen, buyer demand is still far higher than housing supply. When the market is a seller’s market, it doesn’t take long for homes to be sold.
However, your ability to sell a home in a short period of time depends on how you define “sell”. Even though you can feasibly sell a property in just five days, the closing process can add another 30-50 days to the timeline, which somewhat mitigates the benefit of selling quickly. There are techniques you can use to sell a home fast and close it without delay, which are detailed in the following.
9 Ways to Sell a House in 5 Days
Here at CC Capital, we offer nine distinct methods that can be used to sell homes quickly, which include everything from selling to us for a clear cash offer to hiring an agent who’s able to move homes fast.
1. Sell to CC Capital for a Clear Cash Offer
Your first option is to sell to CC Capital for a clear cash offer, which is definitely your best option if you want to move as quickly as possible. If you need to sell your home in around five days, this method allows you to do so without the assistance of a realtor. You also won’t need to contend with:
- Pre-listing repairs or preparations
- Showings
- Home appraisals
- Open houses
- Financing delays or contingencies
Back in December 2021, the average time it took to close a home after the sale was initiated was 50 days, which makes for a substantial waiting period regardless of when an offer is made on your property. If you don’t want to wait this long, call CC Capital today.
When you do, we’ll begin evaluating your home immediately so that you can receive a clear cash offer in just a couple of days. If you accept this offer, the closing process itself can be wrapped up in less than a week, which allows you to leave your home quickly.
2. Hire an Agent Who Moves Homes Fast
The next step is to hire an agent who knows how to move homes fast. If you aren’t interested in a cash offer, hiring a reputable agent is your next best option. When you’re searching for the right agent to represent you during this transaction, you should narrow your list to three potential hires, after which you can conduct a phone interview to determine who the best hire is.
3. What’s Your Average Days on Market Compared to the Market Average?
Ask what the average days on market is for the properties the agent represents. Compare their answer to the average days on market for homes in your area, which you can find on a local multiple listing service. The only way to sell your home in five days is by partnering with an agent who’s capable of completing transactions quicker than the average days on market.
4. How Many Properties Similar to Mine Have You Sold Recently?
Ask the agent you’d like to hire about how many properties they’ve recently sold that are similar to your own. Real estate agents who have experience selling properties like yours may have the marketing strategies and pricing expertise needed to complete a sale quickly. Ask the agent what steps they’ll take to sell your home faster.
5. How Much Web Traffic Does Your Average Listing Receive?
Inquire about how much web traffic the real estate agent’s average listing receives. The digital presence your home has can be the difference between a quick sale and one that takes much longer than you anticipated. Keep in mind that over 75% of buyers find their home on a smartphone or other mobile device.
6. How Many Impressions Do Your Social Media Posts Get?
The agent you hire should also build your digital presence with some social media marketing, which is why you should ask potential hires how many impressions their social media posts routinely get. If you want potential buyers to see your home, you should hire an agent who has a strong presence on social media platforms like Facebook and Instagram.
7. Price Your Home a Little Under Competitors
If you have a strict deadline you need to meet when selling your home, it’s highly recommended that you price your property slightly under the competition. While your home may be able to sell at a higher price, the goal is to sell quickly, which means that you don’t have time to wait for the perfect offer.
The agent you hire will perform a comparative market analysis (CMA) that allows them to identify what your home should be priced at based on recent sales of comparable homes in the surrounding area. With this information in hand, you should be able to find a price that’s highly appealing to buyers. Since the market is currently shifted towards sellers, you shouldn’t need to lower the price too much.
Once you’ve listed your property, you may receive multiple offers in just a few days, which can be leveraged as a means of creating a bidding war. During a bidding war, the sale price will likely be driven higher and may end up matching your preferred price. This strategy is best employed in markets where buyer demand is high and housing inventory is relatively low.
8. Account for Recent Market Changes
The real estate market tends to fluctuate on a regular basis. Eventually, old trends begin to wind down as new ones come in. It’s essential that you take recent trends and market changes into account if you want to sell your home in less than a week. The real estate agent you hire for this process can help you identify market conditions that might impact the sale of your home.
For instance, you may be living in an area where buyers are showing more hesitancy about purchasing homes that require a considerable amount of work. Since home prices have increased at a sharp rate throughout most of the U.S., many buyers are unwilling to spend additional costs on repairs soon after they make the initial transaction.
Current supply chain issues are also creating problems with buyers being able to obtain the appliances they require when living in a home, which is why selling a home that’s in move-in condition would be better than the alternative.
9. Declutter Using Your Garage as Storage
The ninth and final step involves decluttering your home and using your garage for storage purposes. While this task takes time, decluttering a home can significantly expedite the sale of the property and may add to your home’s value. Keep in mind that buyers are looking to envision themselves in the home when they first tour it, which means that you shouldn’t have personal belongings in there. Here are some suggestions on how to prepare your home for buyers:
- Hide any furniture pieces or items that clutter your space
- Remove personal items from countertops and desks
- Clean furniture and counters to make sure that there’s no dust or debris in your home
- Keep all walking areas and hallways clear
These steps can be done without needing to spend ample sums of money. Instead of spending hundreds of dollars on a storage unit, you can use your own garage as storage. If your home is spotless and doesn’t contain numerous moving boxes, this indicates to buyers that you can move quickly.
Without the right amount of preparation and research, selling a home can take weeks or months. There are, however, things you can do to sell your home in one week or less. If you partner with a reputable agent who knows how to capture buyer interest, you might be able to sell your property on your preferred timeline. The most effective solution is to have CC Capital purchase your home, which is a process that allows you to get cash in your hand in a matter of days.
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