People are often very one-dimensional when it comes to property investment. They think that the only way to invest in property is to buy a new house. However, there is another way, and that is to get someone else to buy your home. Even though you might want to stay, you can make a fortune from selling a property. All you have to do is make it a desirable property to buy. To do that, you should consider the following. Here’s how to sell your home for a large sum of money.
The first thing you have to do is add value to your property. When you add value, you make it more expensive to buy. The realtor will have to consider all of the features that make it such a desirable house. One trick is to think about what the investors will want from the property, not what you want from the property. Architectural Stone Elements fireplaces, for example, are a good option because stonework is in demand at the moment. A conservatory and an extra bedroom are also two valid options. Check out popular home features if you need more inspiration.
Don’t List It – Market It
Every home looks the same in the window of a realtor’s office. Your home isn’t the same, though, because you have gone to great lengths to make it different. As a result, you shouldn’t list it in the same way you would any other property. Instead of waiting for something to happen, get out there and market it like a business would a product. The more you can make people aware of your home, the more it will go for. Think of it like a bidder’s’ auction, and your goal is to whip up interest. When you market instead of listing, you have a bigger range of buyers to pick from. In the end, that will start a war that should end with a big, fat check.
The Price Is Right
Have you heard of the term ‘testing the market?’ To test the market means to set the price lower or higher to gauge the interest in the property. It is quite logical until you understand that it dictates the demand. If you don’t price it right, you will lose money. Obviously, go too low and you can’t just bump up the price because it doesn’t suit your needs. And, go too high and hardly anyone will bid on the house. The key is to get the pricing spot on so that you get every last penny.
Test Your Realtor
It is sneaky, but this tip is necessary. Test your agent by asking them to take a cut in their commission. If they agree, think long and hard about hiring their services. The pertinent thing to take from this test is that they lack negotiation skills. After all, how can they negotiate the best deal for you when they can’t do it for themselves? Any serious realtor won’t even consider taking a cut in their commission because they trust their skills.
Your estate agent will get the best possible price when the investors come knocking. That is, as long as you choose wisely.