| |
| |
|
Real Estate Information |
|
|
Selling Your Property Without An Estate Agent
It is possible to save Ł1,000s selling your home privately and cutting out the estate agent, but what are the issues that you need to consider? Pricing the property Price your property too low and you could short-change yourself from the true market value, price your property too high and you will simply put off potential buyers. Before you put your property on the market, you need to do some market research. Are there any similar homes for sale in your neighbourhood? If so approximately how much are they going for? Look through the local papers and property sales websites to compare your home against others. Once you have identified a market value for your home, you may want to consider pricing it slightly lower than those sold through agents, so that prospective buyers feel that they are getting a bargain. Preparing the property for sale Any estate agent worth their salt will help the seller to prepare their property for sale and point out places where improvements need to be made, helping the home to sell quicker and for more money. Generally, vendors should be prepared to neutralise and de-personalise their homes prior to sale. This means clearing away clutter, plenty of white paint, a good spring clean and fixing all those little DIY jobs that never seem to get done. Marketing your property In the past, people who have opted to sell their homes without estate agents have used home-made 'For Sale' signs and local classified adverts. These can still be very effective and are definitely worth considering. In addition to this, a number of websites have sprung up, specifically for private sellers to advertise their homes. A quick search on Google or Yahoo will help you find the most appropriate site for your needs. Negotiating the deal One of the core advantages of using an estate agent to sell your home is their ability to negotiate the best deal without any financial or emotional involvement. Many people find negotiation an unpleasant experience and prefer to leave it to the experts. If you do decide to negotiate with the buyer, remember these core tips: Set a minimum price at which you are prepared to sell your home. Allow yourself room for manoeuvre - most people will try to negotiate, so make sure your asking price is higher than your minimum selling price. If the buyer is making a serious offer, try to meet them at a half-way point, slow the pace down and only surrender small chunks of money at a time - by making the buyer work harder for a discount they will feel they have got a better deal. Separate the real buyers from the time wasters, make sure they actually have the money to buy your property and are prepared to make a purchase - there is little point in negotiating with a general browser. Ask lots of questions -- 'When would you like to move in?', 'Do you have finance arranged?', 'Have you sold your current house yet?' -- This will help separate buyers from browsers and you could even identify information about your buyer that will give you a negotiating edge Close the deal Once you have agreed on a price with the buyer, you need to ensure the deal does not fall apart. Agree on deadlines for the survey, conveyancing and date of the final exchange. Until the exchange takes place, keep in touch with the buyer on a regular basis to ensure everything is progressing smoothly at their end and keep them updated on your progress. That way, there should not be any nasty surprises on the day of exchange. Hedge your bets The deal is never done until the money changes hands and even the best deals can fall through. Keeping your property on the market until exchange, will make it easier to bounce back if it all goes sour. Don Suter is Managing Editor of the UK Property Portal (http://www.ukpropertyportal.co.uk)), an online directory and magazine for UK property sales, rental, surveyors, mortgages, conveyancing, property insurance, removals, news, investment and development
MORE RESOURCES: This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Google News |
|
|
|
RELATED ARTICLES
Conversation & The Real Estate Investor One key that makes investors is conversation or should I say "The Art Of Conversation".All successful investors are skilled in conversation and I'm not talking about the investors that does 10, 20 or even 30 deal a year! I'm talking about the "BTO" Big Time Operator; The Big Dog's slamming down 100 or more deals every year. Things To Consider Before Buying a Condo Hotel or Resort Residence Resort home ownership, such as condo hotels and fractional shares is different from typical home ownership. So it is important to ask certain questions before signing the purchase agreement on a resort property. The Ultimate Short Sale Secret Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt. Purchasing Property With No Money Down: My Personal Experience Have you ever seen those infomercials about buying houses with "No Money Down?" They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. Santa Visits a Just-Moved Newcomer in South Florida Twas the night before Christmas and all through the houseNot a creature was stirring, just the Mac and the mouse,When all of a sudden a wail filled the airAs the burglar alarm detected a hair.I ran to the keypad, pushed down on the codeHoping neighborly tempers would not explode. Kings Bay Georgia Real Estate - Be Picky When You Choose your Realtor! I have been a mortgage lender for many years and have seen a few transactions go sour. When problems arise after a contract is signed, it can be stressful for everyone involved. Buying Country Acreage and Rural Properties, To Buy or Not To Buy Almost anyone can become a rural property owner; if you are willing to set goals, establish what your purposes are, plan ahead and set targets that are all aligned toward the same result. And, if you can be patient instead of requiring instant gratification. Selling Investment Houses: Props & Profits New Marketing and Design Psychology ideas help you stage homes for sale to motivate buyers and generate top dollar. Instead of leaving investment houses vacant, my husband and I add a few props to increase our profits. Let the Broker Show the House Of course you're curious, and you'd like to see what goes on when potential buyers come into your home.But real estate brokers are just about unanimous in asking that you be absent when they bring people in. Finding Structural Problems During Escrow - Upscale Home Example When buying and selling homes, the property purchase is often subject to a satisfactory home inspection being done. Now and then, a home inspection uncovers severe structural problems. You Wanna Get High With Me? Being a home inspector is great. It's fun, it's interesting, and I get to meet wonderful people. Subdividing - But NOT Land! Many people are familiar with the concept of sub-dividing a large piece of property into smaller lots. The same concept can be very profitable in other areas. Investing In Commercial Property Investing in commercial property is well beyond the financial means of most people. Few can afford the large sums of money involved in buying commercial real estate. Selling Your Home: 5 Deal Killers That Are Lurking In Older Homes You've listed your home for sale, you have a Buyer and now their Inspector is performing an inspection. You think you have a pretty good home, but do you really know for sure? What is he finding? Why is it taking so long? Here are 5 deal killers to watch out for when selling your home. Lease Purchasing Is The Perfect Home-Based Business Some call it the 30 second commute. We call it wonderful. Transforming Doghouses into Dollhouses Successful real estate investing depends largely on a correct assessment of a property's profit potential, but it also depends on your ability to transform a doghouse into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits, but if you make wise choices in your choice of colors, textures, and building materials, you'll assure yourself a fast and cost-effective sale. Real Estate Investing: America Rents Most people in America rent a personal dwelling!Just think how many families rent a house or an apartment, a duplex or a condo.Yet, nobody prefers renting. Listing Real Estate Online - Top Tactics for Boosting Sales Listing real estate online can be a great way to let buyers know what is out there and it gives sellers a chance to show their home to people all over the world. However, the problem lies in the fact that most people still want to tour the home, inside and out, before buying it. Prepare Your Property Like A Pro And Boost Profits The housing market is hot, and you've decided to list your home. But what, if any, improvements should you tackle before selling? Should you just leave it all to the new homeowner?There are two ways to look at pre-sale home improvements. How to Choose Your Real Estate Lender Because you need quick action when applying for a real estate purchase loan, find a lender you can access easily. A lender's quick response signifies good service to follow.
|
| home | site map |
| © 2006 TIGER MEDIA |