3
What You Should Learn about Selling Your Property There are many standards which you must live up to when attempting to sell your property on the real estate market. If you are not meeting these standards fully, your property will not appeal to a broad range of buyers. Follow these tips and learn what you can do to appeal to more buyers in the market. If you have any particularly valuable items or furniture in your home, consider having them endorsed. An endorsement is a statement from an independent party that you owned the valuable item in question and that it actually had that much worth. This ensures that you are insured for the full value of the item and can have its dollar value returned to you in the event of loss. If you are a seller that is about to put your home up on the market you should get your own home inspection done ahead of time. You wouldn't want to have a problem when a buyer has it inspected and they decide to look elsewhere. Save yourself the headache and get it checked beforehand so that you can get repairs made. Selling your home in today's sluggish real estate market can be difficult, but you can make it easier by improving your home's appeal with some quick and easy fixes. Updated kitchens are a main concern of potential buyers. If yours is outdated and a complete overhaul is too costly, consider having your cabinets refaced. This costs substantially less than investing in new cabinets, and the change can be dramatic. Give your bathroom a facelift with a new pedestal sink and toilet seat. A prefabricated tub surround can quickly make those chipped and dingy tiles disappear. Give the walls of any room a fresh coat of paint in a neutral color. Now stand back, and watch the bidding war begin! Make the home more inviting as you show your home to potential buyers. Light a candle or two, set out a plate of cookies and it will be easier for them to feel welcome as they tour http://techcrunch.com/2015/08/16/indias-housing-com-buys-real-estate-sales-software-startup-homeb uy360-for-2m/ your home. If you have vibrant colors on the walls, consider a quick paint job prior to showing it, in order to make it easier for a buyer to picture himself living in the space. Provide buyers with a packet of helpful information when they look at your home. Include any information that you think will help the buyer make the best decision about the home. Make a list of the contractors that have done work on the home and the work that they have done. Giving the buyer access to this information will enable them to learn about the level of care that you put into the house http://www.pearalleyrentals.com/real-estate/danville/mcv ey-house/unit-a while it was yours. Don't be afraid to evict. It can be a hard decision for a landlord to evict their tenant, especially if it is someone you have rented to for years and have a personal relationship with. If you have given them ample amount of time to pay, even worked out special arrangements that still aren't panning out, you need to protect your interests. Offer them opportunity for them to leave on their own terms, but

What You Should Learn about Selling Your Property

Embed Size (px)

Citation preview

Page 1: What You Should Learn about Selling Your Property

What You Should Learn about Selling Your Property

There are many standards which you must live up to when attempting to sell your property on thereal estate market. If you are not meeting these standards fully, your property will not appeal to abroad range of buyers. Follow these tips and learn what you can do to appeal to more buyers in themarket.

If you have any particularly valuable items or furniture in your home, consider having themendorsed. An endorsement is a statement from an independent party that you owned the valuableitem in question and that it actually had that much worth. This ensures that you are insured for thefull value of the item and can have its dollar value returned to you in the event of loss.

If you are a seller that is about to put your home up on the market you should get your own homeinspection done ahead of time. You wouldn't want to have a problem when a buyer has it inspectedand they decide to look elsewhere. Save yourself the headache and get it checked beforehand so thatyou can get repairs made.

Selling your home in today's sluggish real estate market can be difficult, but you can make it easierby improving your home's appeal with some quick and easy fixes. Updated kitchens are a mainconcern of potential buyers. If yours is outdated and a complete overhaul is too costly, considerhaving your cabinets refaced. This costs substantially less than investing in new cabinets, and thechange can be dramatic. Give your bathroom a facelift with a new pedestal sink and toilet seat. Aprefabricated tub surround can quickly make those chipped and dingy tiles disappear. Give the wallsof any room a fresh coat of paint in a neutral color. Now stand back, and watch the bidding warbegin!

Make the home more inviting as you show your home to potential buyers. Light a candle or two, setout a plate of cookies and it will be easier for them to feel welcome as they tourhttp://techcrunch.com/2015/08/16/indias-housing-com-buys-real-estate-sales-software-startup-homebuy360-for-2m/ your home. If you have vibrant colors on the walls, consider a quick paint job prior toshowing it, in order to make it easier for a buyer to picture himself living in the space.

Provide buyers with a packet of helpful information whenthey look at your home. Include any information that youthink will help the buyer make the best decision aboutthe home. Make a list of the contractors that have donework on the home and the work that they have done.Giving the buyer access to this information will enablethem to learn about the level of care that you put into thehousehttp://www.pearalleyrentals.com/real-estate/danville/mcv

ey-house/unit-a while it was yours.

Don't be afraid to evict. It can be a hard decision for a landlord to evict their tenant, especially if it issomeone you have rented to for years and have a personal relationship with. If you have given themample amount of time to pay, even worked out special arrangements that still aren't panning out,you need to protect your interests. Offer them opportunity for them to leave on their own terms, but

Page 2: What You Should Learn about Selling Your Property

if that isn't accepted, then you need to protect your investment.

Choosing the right real estate agency can be a key factor in how quickly your home sells. Keep aneye on the "for sale" signs in your area, and take note of which agency seems the most popular or,more importantly, which company puts up "sold" signs the fastest. Visit open houses in theneighborhood to watch the realtors in action and to see how they interact with potential buyers.Choose an agency that seems to sell homes within a reasonable amount of time and has friendly andinformative agents.

When trying to decide whether you should lower your price or renovate your property, keep in mindthat the buyers are out to get the lowest price possible. So even if your property is priced to adjustfor renovations the future buyer will have to make, the potential buyer will still try to negotiate thatinto the price. By keeping this in mind, it will help you through the negotiation process.

Before you decide to sell your house without the help of an agent, ask yourself whether you will beable to achieve levels of exposure comparable to those offered by agents. Agents will list a homewith the local Multiple Listing Service, or MLS, which is seen by the entire network of real estateagents in the area. Instead of having only one agent working for you, you are harnessing the sellingpower of many different agents.

If you are selling your home you need to be particularly careful about the way that you price thehome. You want to find out the price of the most expensive and least expensive homes in your areaand stay somewhere in the middle. If you price the house too high and need to keep reducing theprice it will give a warning sign to potential buyers.

Late winter and early spring is the time to get your house ready to sell if you want to take advantageof the most active market season. Most family buyers are looking to avoid taking their kids out ofschool during the school year and they will start looking around this time. By preparing your houseearly, you will extend your selling season.

If you're selling property, remember that going the extra mile to find reliable people will always betime well spent. While you may have a trustworthy agent, you might want to second-guess referrals.This is a huge purchase and many real estate agencies are out to get every cent they can. Do yourresearch so you can keep more of the money you've earned through your sale.

It is very important to find a good Realtor when putting your home on the market. An experiencedand skilled Realtor will help you get the most value for your home and give you tips. You can find a

Page 3: What You Should Learn about Selling Your Property

good Realtor by asking family and friends if the know of one, or looking at reviews on the internet.

Spruce up your entryway. Repaint the front door, and polish any door fixtures, and make sure thatthe windows are sparkling. Get a new door mat, and be sure to sweep the walkway. Check that thelock works properly, and the key turns easily. Make sure the porch light works. Remember that aprospective buyer starts to form an impression before they even enter the house, so the entrywayshould look immaculate.

Allow potential buyers to experience the house alone. Potential buyers could see something in yourhome that even you don't see, so don't try too hard to influence their opinion. When you leave abuyer on their own, they form an unbiased opinion.

When you put your house on the real estate market, resist the temptation to inflate your askingprice. Always put a fair and reasonable price on your home. Setting an unreasonable price - even ifyou intend to let it fall in negotiations - establishes an unfriendly and antagonistic attitude that willmake any sale an ordeal.

Different properties call for real estate agents with different areas of specialty. Some agentsspecialize in properties that generally serve as a second home, vacation retreat, or "home away fromhome" for people with seasonally influenced jobs. If you plan to sell a lakeside cabin, beachfrontcondo, or mountain retreat, look for an agent who is experienced with this type of recreational realestate.

Your goal is to sell your home, and sell it fast. Today's market makes that challenging, but it doesn'thave to be impossible, if you apply some sensible advice. In this article we have discussed someproven tips that can help you get the sale you want, for the price you deserve. Follow them and youjust might see that sold sign go up quicker than you would have believed possible.