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| Seller's Guide | ||
You've decided you want to sell your property, but you are not sure what to do so that you make the most lucrative deal possible. Here are some tips for first-time sellers:* Appropriate price. Most real estate agents think that an appropriate asking price is one of the best strategies in a competitive market. However, this is the hardest part for sellers that remember the price levels from the recent past. Because things on the market change virtually every month, it may be hard to predict the appropriate price levels for the near future. That means that sellers are largely dependant upon the expertise of their agent. * Remember: That was then, now it’s different. You need to get it out of your mind that your neighbor sold his awful-conditioned- apartment in just three hours back in 2007. Current situation may include price reduction, small repairs of the property and so on. * Be ready to find your own faults. Ask a friend you trust to take a good look at your apartment and show you the things that might push potential buyers away. An objective eye may notice things you've grown accustomed to and just don’t see any more. * Get rid of the chaos The presence of too many items may be visually distracting and create a bad first impression. Get rid of the things you don't need, and you'll see that with just a little time and expenses you will transform your property in a way that will be appreciated by your potential buyers. * Create a neutral territory. You don't have to white-paint everything, but it helps if you spare the buyer the unusual colors and put aside all your personal belongings. After all what you need is for the buyer to associate themselves with your home, and not just witness your personal tastes, right? * Take care of the little things. Repaint the walls, replace old light fittings, clean up a little bit, put some flowers here and there - in short, do whatever you can to make your home look as attractive as possible to the potential buyer. Given that there is a large supply on the market, buyers may afford almost any whim. * Keep yourselves informed. Sellers must be alert at all times. A new home is put up for sale in your neighborhood? Check the price, and see in what condition is that home as opposed to yours. You are getting a lower offer? Before you turn it down, check latest data on the area and make sure prices haven't changed. People are viewing your apartment, but nobody is buying? Try to get some feedback from your potential buyers or their agents and find out the reasons why. Keeping the selling process under control is crucial to getting a good and on-time deal. Even though today sellers need to be more flexible as opposed to recent years, there is no reason to panic. People are still buying - just not as crazily as before. |
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| Monday, Nov 16, 2009 | ||
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