Getting ready to sell your house for the first time can be scary. This is why many owners refrain from trying a private property sale. Having the right strategy and getting a better understanding of the market can be incredibly beneficial. It can even help you sell your home without a real estate agent.
1. A Guide for First Time
Property Sellers
Selling your house for the first time can
be scary, especially if you are
interested in a private property sale.
Here is everything you need to know.
2. Learn a Bit about the Local Property Market
You don’t have to be an expert, in order to sell property privately. A bit of
understanding about the real estate market, however, can be incredibly
beneficial.
Choosing the right moment for private property sale can help you make
more money than you originally considered possible. The real estate
market is regulated by the basic principles of supply and demand. When
demand is low or the supply is excessive, you will find yourself incapable
of selling quickly and at the price you were originally interested in.
See what houses like your are currently being sold for and how much
time each listing spends online or in real estate publications. Dedicating
some time to research can help you complete the private property sale
quickly and efficiently.
3. Work with a Real Estate Appraiser
Do you have any idea what the most important factor for a property sale
is? Buyers are looking at the price and making sure that it is right for the
kind of property you are trying to sell.
Working with a professional real estate appraiser is a great way to have
the most adequate and attractive price. Professional valuators are taking
in consideration only the factors that matter. Most real estate owners
commit the mistake of overpricing due to their emotional attachment to
the real estate.
Spending some money on professional valuation can help you save a lot
in discounts in the future. It will help you sell the real estate for sale by
owner quickly and at approximately the original asking price.
4. Get a Better Idea about What Buyers Need
Do you have any idea about what buyers are looking for? This chart can
help:
70%
60%
50%
40%
30%
20%
10%
0%
t-in
lac
e
AC
ral
t
nt
se
s
Ce
cl o
top
in
t er
lkun
Wa
Co
s
ite
or
an
flo
Gr
od
wo
rd
Ha
ath
rb
es
d
nc
ste
an
lia
Ma
isl
pp
en
la
tch
t ee
Ki
ss
les
en
ch
kit
ain
St
Ea
ep
Fir
Percentage of
buyers willing to pay
more for:
5. Get Ready to do Some Real Estate Marketing
Internet is great for real estate marketing. Creating the perfect ad is the
key to success. Here is what kinds of information buyers find very useful
and somewhat useful in online real estate listings:
100
90
80
70
60
50
40
30
20
10
0
Somewhat useful
Very useful
c
ra
b
gh
te
In
i
Ne
m
n
fo
in
ap
od
ho
or
o
nf
e
t iv
i
nt
ur
to
io
at
s
rm
eo
e
Ag
d
Vi
fo
In
o
ot
Ph
6. Do Some Home Improvements
Real estate for sale by owner has to look impeccable before you get
started with the process.
The appearance of your house can be determining for how attractive the
buyer finds it. Some renovations can also add a lot to the price of your
house.
When thinking about renovations before a private property sale, take
some time to do research about the cost and the return of investment you
can expect. Get started solely with projects that will add to the price of
your property. There are basic renovations that can be inexpensive and
incredibly beneficial for private property sellers.
7. Think about Your Negotiations Strategy
Many private property sellers worry about having to carry out the
negotiations process. They think that real estate agents are the only
individuals capable of closing the deal successfully.
Working on your communication skills and knowing what kinds of
compromises you are willing to accept will be incredibly helpful. You
should be capable of communicating your ideas in a clear and logical
manner. Knowing when to accept a compromise in terms of price or
property sale conditions is also incedibly important.
8. Still worried about selling privately?
We can help!
Coming up with a private property sale strategy is the key
to being a successful seller. We have the experience and
the marketing channel that will help you succeed. Just
visit this page or contact our team today to get started
with your private property sale.
More information is available at:
www.coasttocoastmagazine.com