Selling a House ... How do I do that? Read these 4 tips for a better sale!
Published on 27 june 2022Selling a House ... How do I do that? Read these 4 tips for a better sale!
Selling a house can be very tiring and time-consuming thing to do. What price should I ask? What documents do I need for sale? Who can I contact? These are the questions you are probably asking when you type into Google the phrase: »How to sell a house.« Because browsing for the accurate information can be quite difficult, we have prepared for you a brief article with 4 tips that will aid you to speed up the entire process.
1. How to establish the price?
A very common dilemma. If the price is too high, you will drive all customers away, if the price of the place is too low and we will be disappointed with the financial outcome. So, how do you determine the right price of your property?
The answer is multifaceted, as the price of the property is affected by many factors. The first factor is the market. If the demand is high and the supply is low, then your property will have a higher price. In the reverse case, the property price will fall. From this, we can conclude we have to choose the right time to enter the market. With the right timing, we ensure the selling of the property for a higher price.
Another crucial factor is the location of the property. Distance to public transport, institutions (school, hospital, post office, etc.), shops, etc. are very important. The closer they are, the higher your property will be valued. This means that the house in the middle of the forest, despite the idyllic nature, does not bring a large return.
Other factors include landscaping and interior design of the house. The idyllic surroundings with a beautiful meadow and fruit trees will significantly raise the price of the property.
But most of all, make sure that the house and the surroundings are clean. Trash and rotten branches will have a bad effect on your price. Despite all of this sounds logical, people are still forgetting about it and making big mistakes which at the end results in a bad sale.
So nice bathroom, spacious kitchen, luxurious living room and above all, a clean and tidy overall look will be a tremendous help for good sales, while a lack of the equipment and a mess inside will kill your price of the property.
2. Boost the value with small adjustments
Now that you know what you need to be careful when setting a price, we can go on by looking into small improvements which can add value to your house.
The first piece of advice is very simple. The surrounding are key to a good sale. We talked about this already in the previous paragraph, but instead of fruit trees, there's attention to cleanliness. Before you put all the extra work into improvements, sweep up the leaves and tidy up the garden. The Interior should be freshly painted, and every room must be clean as a whistle. This will make a good first impression and real estate will sell faster and for a significantly better price.
Show your creativity with small accessories. Place the flowers on the table, put lovely curtains on the windows. Such details will give the property an impression of familiarity and pleasantness. It's not going to raise rates, but it will be a nice atmosphere and the sale will happen faster if the owner to be, can relate to the house. And besides, nobody wants to live in a dull home.
Of course, you can also put some more money and reorganize and improve the property and thereby raise the final price. This segment involves renovation of windows, changing the floor of the house, upgrading the kitchen and bathroom items, and other things that will bring extra value to the property. Just be careful you don't fall in the financial hole without a bottom.
3. Good advertising is key!
We live in an era where digital advertising is King. And if you want to sell your property, this is the channel that you must resort to. It is not enough to just put an ad in the newspaper. If you only use this channel, you property won't sell fast. So use the digital channels.
Start with Facebook. Share real estate on your profile. Find all the associated groups with real estate and share it there. Record a video and give the potential buyers a tour of your house. In short, be innovative and customers will find you.
Or you can assign this task to the agency. This way is simpler because it takes the burden off your shoulders. Detach any inconvenience with the legal contracts and house tours and leave it to your real-estate agent. Real-estate agents will also be able to advise you on the topic of price setting and sale. They know the market and above all have a lot more experience than you. For a modest commission, you preserve time, nerves and especially money.
4. What documents do I need?
Although many people presume that when selling a property, you must fill out all sorts of paperwork, this is not so. When selling a house, you must know two things. The first is the accuracy of the information on the property. If you do not know them or do not have them, you should get it in the municipality.
Once you obtain all the information and when you agree on all the details with the future owners, you sign a sales contract. Ask your lawyer to assist in the creation of a contract, because he will be able to advise you and together, you will cover all the legal aspects.
As a seller of real estate, keep an eye on one thing. Payment of the tax. Check out the tax on personal income and tax on property and avoid unnecessary problems and sell your real estate without any problems.