Wednesday, February 12, 2014

Top tips for property sellers

Selling your home can be difficult in the current real estate market, more especially because you’re competing with brand new developments and cutting-edge communities. 

Easily detected property damages can be off-putting factors for potential buyers. If these damages are easy and inexpensive to fix, it’s better to get them repaired before you show the property to prospective buyers.

Consider these dos and don’ts for an easier sale without compromising your needs. 

Secure a new home before selling

Putting your home on the market may elicit quick responses from interested buyers. Avoid advertising your property before you’re sure you have a place to move into when it gets sold, as this may get you in quite a tight spot. 

Consider closing costs

A property seller typically shoulders some of the closing costs in a property sale. 

According to common practice, the capital gains tax and unpaid real property taxes are taken care of by the seller, unless agreed otherwise. If you’ve hired a real estate agent to sell the property for you, you’ll also have to pay commission fees as well. Consider these expenses while you’re deciding on the selling price and planning your finances. 

Repairs on your property

Easily detected property damages can be off-putting factors for potential buyers. If these damages are easy and inexpensive to fix, it’s better to get them repaired before you show the property to prospective buyers. This can give you better leverage on your selling price and make your property more attractive for buyers as well. 

Set a fair selling price

Check out property prices of similar homes in your surrounding neighborhood. Your selling price should not be too high or low compared to these. 

Establish a fair market value for your home and consider the property condition as well. Setting your price too high will discourage buyers, whereas setting it too low may be short-selling your property.


Previous Next

Share
Email

Top Articles

Small spaces: Decor t...
Need a little more leg space in your living room? Use scaled-down sofas, arrang...
Home decor: Tips to c...
Even if you’re on a tight budget, it’s possible to completely transform a room ...
Buying Lots in Valenz...
Our partner is buying several properties in areas in Valenzuela, Quezon City, B...
Tips for designing th...
With imagination and clever design, you can encourage your family to spend more...
Buying Lots in QC, Va...
Our partner is buying several properties in Quezon City, as well as the cities ...
More property news...