Sellers have a great deal of information at their fingertips, though a fair amount of it is erroneous or misleading. The piece that follows incorporates nothing but sound advice for those planning to sell real estate and achieve great success.
Commercial Real Estate
If you want to sell business-related real estate, you should get a commercial agent who specializes in that type of property. Examples include eating establishments, retail pads and office buildings. An agent who has worked in the market for years will be more knowledgeable about the area and will make it easier to connect with possible buyers.
For Sale By Owner
Make sure you have ample time to devote to selling your house if you intend to do it on your own. Selling without the benefit of an agent is so rare that it has a special name in the real estate business: “For Sale By Owner.” FSBO is not impossible, but it does require a much greater time investment by the seller.
Instead of defining market value as what buyers are paying for similar homes in your zip code, think of it as what buyers are able and willing to pay. When determining selling price, be sure to make allowances for the availability of short sale and foreclosed homes. A house may be worth it, but only if prospective buyers are willing to pay the price.
Home For Sale
Staging your home for sale, especially if it is vacant, is a great way to get a higher asking price and to generate more interest in your home. Staging is when you have someone come in and arrange furniture, paint walls, and place accents that give your home a broad appeal and make it look nicer than it really is.
When your property is inspected, you should be present. If you have an inspector that tells you that you need not be present, a red flag should go up. The advantages to being present are that you know the inspection is thorough and it is a good time to learn about your investment.
Property For Sale
Never list your home or property for sale, without thoroughly assessing your mortgage options for your next real estate purchase. This step is especially important if you are considering a move to a higher priced property or to an area with a higher cost of living. Carefully evaluate your financial resources and the changes that you may need to make, in order to afford a new, more expensive home.
Real Estate For Sale
While it may be a drain on your electric bill, go ahead and leave lights on during the showing of your personal real estate for sale, even if it is during a day time showing. A residence with the lights on seems more inviting and adds a “like home” feel to the household.
Real Estate Listings
When it comes to posting real estate listings on sites like Craigslist or even eBay, don’t cheat yourself by posting only one or two blurry or generic photos. Very few prospective buyers would be drawn to an online ad that offered only a bland description and included only one or two pictures of the front of the home. Spend the extra money to post additional pictures; it will be well worth the cost.
After you have gained an understanding of the advice provided in this article, you should begin to utilize it. Start formulating a strategy based on the advice you have learned in this article, and do not let the market intimidate you. Keep this article and refer to it frequently to ensure you are employing the advice that has been rendered.…