Wanting to sell a house in 24 hours at full market rate and close in a week to two sounds unrealistic unless you price really well. I would get with a realtor in your market and chat with them. You can find some on BiggerPockets agent finder or search for them online.
For a quick sale at full market value, realistically your best options are pricing competitively, targeting cash or hard money buyers, and lining up all documentation in advance to make the process as smooth as possible. Timing is tight, so having a local network of buyers and professionals ready can make a big difference.
To have it close that quickly is unlikely. Even a cash buyer has to get someone to handle the closing and that takes time. If you are short of cash (guessing that's the urgency), find someone to lend you the money short term at a reasonable interest rate (eg line of credit).
If you need to sell a house in 24 hours at full market rate and close in a week or two, what steps would you take?
If by "sell" you mean accept an offer, and then to close in 14 days or less as you said, then you should price the home well and advertise it with a substantial local campaign on Facebook. If it's a new listing then advertise it as such. If it's an existing listing and you haven't accepted an offer then you likely have priced it too high for your timeline expectation. Some lenders can close and fund in two weeks. The challenge may be to get an offer with a quick EMD and no contingencies... It's December which doesn't help either.
@Ben Howard need the steps before accepting an offer. Focus of question is in identifying buyers who can close quickly. Investors always want a discount so I am not interested in them
@Ben Howard need the steps before accepting an offer. Focus of question is in identifying buyers who can close quickly. Investors always want a discount so I am not interested in them
OK, well casting a large net will increase your qualified buyer pool and therefore increase the number of buyers who can close quickly. The best way which I have found to do so is a Facebook ad campaign targeting potential buyers within about a 20 mile radius. Other steps before accepting an offer (as you asked) would be to have a good landing page for the home to direct ad traffic to and show much more than the MLS will permit about the property, area, etc. If you are not using professional photography with a Matterport 3D tour, i would suggest that as well.
You can build an investor buyer list and rehab to their specifications. Investor cash buyers will buy fast, but want a 25% discount... So that leaves you with retail.
Retail buyers have to first like the property. They are in the market for 3-6 months and once they have bought one they are obviously done.
Here is how the math works: you have about 0.2% of your population shopping for a real estate across all types and price ranges. Your metro area Hartford, CT has a population of 1.2 million or 2,400 active home shoppers for condos, new construction, luxury mansions, duplexes and - your flip.
Assuming that your flip is in the most popular price range you are looking at 480 buyers across the metro area. If you have 10 neighborhoods, you have 48 people who would be interested in your listing. If they like the style and design and location and everything else. That's a matter of personal taste.
So the job is to find these 48 people out of 1.2 million and ask them if they like your house. By now, it should be obvious that you can't find them - they have to find you. And for them to find you and act fast, you need to have an amazing property for an amazing price. And if they are ready to buy and actually write an offer (past the we-are-just-looking-phase) they will have an agent and will look on MLS.
What "range", that is not reality. Also, stating "full market rate" means nothing. For a brief moment the value of a home is determined by a buyer who will close escrow. This may or may not be based on the value of an appraiser's opinion, plus many other factors such as how good the listing agent is at attracting a qualified pool of buyers.
@James McGovern, the best answer I can give is NOT to sell within 24 hours and to attack the issues restricting your time-frame.
You see "AVERAGE market value" is relative to well "the market" meaning in your market a house might take 90 days on average to go under contract and 45 more days to close and it might be a financed deal in most cases. If you MUST sell quickly your market value is immediately LESS than the "AVERAGE market value" because you have this exigency.
So, if you need to get AVERAGE market value you need to work on your exigent time-frame.
For example, maybe you refinance the property so that you have access to much of the equity for your needs until a sale occurs.
Easy! Price and terms dictates the value of many purchases. You need to compensate on terms if you want a quick sale at market price.
This means owner financed at below rate or super high LTV, subject to/wrap of below market loan likely with seller doing some financing, lease to own, etc.
I am surprised @Ken M did not answer similar to this. He is perhaps current GOAT on this site at using terms to close.
Easy! Price and terms dictates the value of many purchases. You need to compensate on terms if you want a quick sale at market price.
This means owner financed at below rate or super high LTV, subject to/wrap of below market loan likely with seller doing some financing, lease to own, etc.
I am surprised @Ken M did not answer similar to this. He is perhaps current GOAT on this site at using terms to close.
Good luck
It's the day before the day before Christmas. I'm on vacation. :-)