4 Things To Consider Before Selling Your Property
Real estate is a complex market where profits and losses go hand in hand. Every deal is not bad and every deal is not as fruitful as you expected. If you want to sell your property, listing your home on the websites and then waiting for the offers to roll in is not enough. Not even just upgrading and repair works can get you a perfect seller who is willing to pay a huge amount. There are some other things too that you need to consider if you want to get the most out of your property. Let’s have a look what they are:
- Choose the Right Agent for Your Property
There are literally hundreds of real estate agents out there who would be willing to sell your property, but every other agent may not be right for you. For a successful sale, you need to choose the agent who is quite knowledgeable about the market your property is located in. To make sure that they are skilled enough to get you the right deal, don’t hesitate to ask them certain questions such as how well they know the area and how they are going to market your property.
As far as the commission is concerned, it’s not the most important factor if you have got someone who is worth it. If your real estate agent has a wide network of buyers and the ability to get the property sold at the highest price, don’t hesitate to pay an extra half a point commission to him. Talk in detail with the agent over the next few weeks to clear your ambiguities if any and make sure that the person you are dealing with is trustworthy and comfortable to work with.
- List your Property at the Right Price
Buyers and investors don’t play blind games. They are as knowledgeable as sellers when it comes to market price. Hence, if you want to procure a quick sale, list your property at the right price. This will not only help you sell your property quickly, but it will also increase your chances of selling the property at a price higher than expected.
If you list your property at a price higher than the market value, agents and buyers will not be interested in making a deal with you. On the other hand, if you will list the property at a much lower price, it will show your desperation and you may end up with a deal much lower than what you expected. Hence, it’s always recommended to list your property at the right price.
- Present Your Property in a Good Condition
The next important thing is to put yourself in the buyer’s shoes. Suppose, if you are a buyer, would you purchase a property that is in its worst shape, smelling extremely bad or seems haunted? Definitely not! Hence, if you want to get more sellers for your property, keep it in a good, acceptable condition. From exteriors to interiors, keep everything neat and clean in order to make a great first impression on the buyer.
- Accept The Offer Carefully
People often get tempted to offers that are just too good to be true. Although the price is definitely a strong consideration, but there is more that you need to confirm before closing the deal. For instance, you should check the buyer’s finances, contingencies and closing date of the deal. If the deal doesn’t close, you have to start the process over and over again. Moreover, the buyer who was interested in buying your property weeks ago may not be interested presently.
Before getting excited, ask your agent for the pre-qualification letter and check for the type of loan they submit and the down payment. Check out the contract line by line. Once you and the buyer agree upon the same pricing, review the documents and make sure that the offer ends up in closing.
It is quite true that selling a property can be puzzling and distressing at times, but with the right knowledge and attitude you can make this task straightforward and hassle free.