3 Ways to Sell Your Home Faster

With a simple case of supply and demand, thousands of homeowners around the country are struggling to sell their homes. With a shortage of buyers and a flooded market, there is no doubt that it's a buyer's market. So how can you attract the buyers to buy your home instead of the multitude of other homes available in your area?

There are ways you can make your deal more attractive. Take one or all three of these steps to make your house more attractive to buyers and sell your home faster.

1. Pay some or all of the buyer's closing costs. Many of the buyers in the market have enough money for a down payment but may be struggling to cover the other costs involved in buying a home. Since closing costs can mean thousands of dollars in extra expense, offer to pick up the closing costs for the buyer. This widens your pool of buyers because those who could not afford to buy your house now may be able to easily afford it.

2. Offer something for nothing. If you have furniture, fixtures or window dressings you want to leave behind, throw them in the deal for free. It adds value to the purchase price without adding any extra cost. For example, my parents recently bought a home with a fully equipped gym. The sellers did not want deal with the hassle of moving the gym equipment to their new home, so they asked my parents if they were interested in it. Thousands of dollars of gym equipment sweetened the deal--all for free!

3. Buy a home warranty. Home warranties cost approximately $400, depending on the coverage options. This gives the buyer some peace of mind because it covers replacing or repairing major appliances, plumbing, electrical or heating and air systems within the first year the new owner is in the property.

In a buyer's market, you may have to come up with some creative ways to sell your home faster and easier than your competition. The more attractive you can make your sale look, the better off you'll be in the long run.