Real Estate Information | Let us create a 3d Digital eBook for you! DigyCat.com |
|
Selling Your Property Without An Estate Agent
It is possible to save £1,000s 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: |
RELATED ARTICLES
How to Use Design Psychology to Stage Your Home for a Top-Dollar Sale A new business venture to help home sellers, home staging, assists property owners in preparing their home for the best possible sale. Home stagers visit your home and either tell you how to redesign it or actually do the work for you. What Does It Take To Be A Donald Trump in Real Estate? Since you are a business oriented person, you might be thinking: "oh, great, here it comes another fad that sounds to good to be true and I don't have time for this now." Well, the fact is, like gravity you do not have to believe in Feng Shui for it to work. Sellers, Are You Having A Hard Time Selling Your Home? Sue and Chuck DeFiore have the perfect solution for you - Lease Purchasing your home!What is Lease Purchasing?A Lease Purchase is a process that combines a basic rental lease with an agreement to purchase, or with an option to purchase the property. The Buyer (or Lease-Purchaser) pays to the seller a monthly payment that usually approximates a rental amount or a typical mortgage payment on the home. The Echo Boomers - The Next Big Consumers The Echo Boomers or Generation Y currently make up about one third of the US Population. Many of the Echo Boomers are starting to reach an age where they want and need things like, Houses, Cars, Insurance. Alicante to Mar Menor - You can Still Find Cheap Property in Spain The Murcia region in Spain benefits from some of the most beautiful coastlines of Europe. Nowhere else will you find so many fascinating contrasts - with Spanish Mediterranean architecture, magnificent mountain ranges and beautiful long sandy beaches. Does Staging Work? Staging can involve minimal effort on the part of a seller. Merely rearranging furniture can show a house off to advantage. If You Cant Afford to Retire...Move According to Warren Bland, PhD, an award-winning author and geographer at Cal State, people have a great option. It's called "equity-take" that is, the difference in cost of comparable housing between your present community and the more affordable one to which you could move. Is 100% Annual Return On Investments Possible With Low Risk Land Investments? In last week's article, we discussed how substantial profits could be made by investing where baby boomers may want to relocate or buy a second home. This seemed to confuse readers since they were thinking that our web site is about preconstruction and preconstruction to them means buying condos?? In this article, I hope to broaden your horizons considerably. Boston Real Estate - You Still Have Considerable Control Over the Sale of Your Boston Home Boston real estate is a hot topic. Daily newspaper articles comment on whether or not a bubble exists in the Boston real estate market, when and if it will pop, how interest rates affect the market, why Boston residents are snapping up interest-only loans, and how foreign investors in our treasuries keep interest rates low. Internet Battleground for Future of Residential Real Estate Real estate agents are gearing up to face the biggest shift in their industry since it's beginning. No longer the first in the path of homebuyers and sellers, agents have gone from top feeders to the bottom feeders with real estate consumers in just a few years. How to Sell Your House by Lease Options Many people buy a house then have to move within a few years, due to divorce, relocation or financial difficulties. Without any equity though, it can be nearly impossible to find buyers and you still have realtor fees to contend with. Curb Appeal First, lets start with what it is. Curb appeal is quite simply the rate of attractiveness your home projects to viewers from the street. Real Estate Internet Marketing Is The Way To Go Real estate Internet marketing is a booming business, along with all other forms of Internet businesses. Now, it seems that very little can't be sold over the Internet. How To Get The Best Rental Accommodation In The Area By Using Your Capital My report is for you to use your power to negotiate, not only a reduced weekly cost of accommodation, but also to get the best accommodation available in the area in which you wish to live.Hello Colm Dillon here . Getting Started in Real Estate Foreclosure Investing Decide to Invest in Real Estate Foreclosure InvestingWith the increase in Real Estate property appreciation rates across America, a prospective foreclosure buyer may want to fix up a property to improve its value to live in, to rent out or to resell. The strategy a buyer pursues will determine which foreclosure property to buy and the location. To Buy or Not to Buy Purchasing a home is a major emotional and financial decision. Often times, people want to buy a home; however, emotionally cannot afford to commit to the home-buying process. Master Builders Ask, Do You Know What Design/Build or Design/Construct Means? You Should These real questions are answered by me and US Master Builders after receiving them from readers of my e-book, "Residential Development Made Easy."Question 1. Landlording And Other Aggravations Here's the gripping story.. Escalation Clauses - A Home Buyers Secret Weapon Today we discuss escalation clauses because much of the country is experiencing an extreme "sellers' market." By that, I mean there are more buyers than there are sellers, and that results in sellers' getting more than one offer to buy their property. How Much Home Can You Afford In Todays Market? If you haven't figured your credit worthiness and borrowing power lately, you might be surprised at how much home you can afford to buy in today's market! Mortgage Lenders are very optimistic about the future of the real estate market and as a result they are willing to loan more on properties than you might expect! And, lenders are making loans at rates not seen since the late 1960s.We,as your Realtor, will be most willing to align you with one of our favored lenders for a private and complete analysis of your borrowing power. |
List4Sale Domain Is For Sale - $10,000 For Enquiries eMail Us © www.List4Sale.biz 2012 |