Being a homeowner, selling property’s process may sound like a hassle and overwhelming that could cause concern. It has been notoriously known as a long and complicated process, especially with the current competitive environment. As a result, many feel discouraged when their house stays in the market longer than they expected, for example, you have a house in Cheras to put up for sale.
In this situation, it can be fixed with a few adjustments. Besides, according to real estate agents, getting your property off the market is not a daunting task at all if you have these tricks up to your sleeves. Here are some of the tips and tricks to expedite the process and enhance the chances of selling your home fast and effectively.
1. Level up your property
Nothing is more important than a good first impression when it comes to marketing your house. In fact, there are more than 80% of purchasers will judge a house by what they see the first time they set foot in it. Thus, ensuring the house condition is sellable by fixing the defects and beautifying both internal and external of the house is crucial.
The chances for purchasers to choose your house over your neighbors is higher if your property is in better-looking condition. They probably might even be more willing to pay for the price you have asked. A simple step you could take is to provide more value in terms of furnishing, furniture or presentation of the house.
2. Approach professional real estate agent
It’s always a good idea to hire a professional agent to help you market your house. Whether they are experienced or not, you can consider getting help from real estate agents that will be beneficial as they have committed to you and are willing to spend their effort and time in promoting your property.
However, you have to follow up closely with your agent and strategize their move with one goal in mind which is to sell the house quickly. One thing to take note is that when you engage an agent, make sure your agent is not unlicensed as it is to protect purchasers as well as owners from getting involved in any possible legal cases.
3. Open for negotiation
Homeowners must have an open mind and be ready to negotiate for the price offered. This is a challenging process, during this time you might need to take a slight cut from the profit that is better than losing the opportunity to close a deal together. Make sure your property is sold at a reasonable price according to the market.
These days buyers are more tech-savvy where they can access PropertyGuru that can show them which property is best buy. If your selling price is higher than others, it will definitely take longer to get your property off the market.
It is important to ensure that your property is sold at a competitive price as buyers definitely won’t choose to buy overpriced property. Therefore, as real estate negotiators, it is also our responsibility to advise the seller on the most accurate market price or market asking price, along with the valuation figure as a supporting document.
This also ensures that the property is competitive in the market and the key to selling quickly is positioning where you must first identify your competitor and then set your selling price reasonably.
4. Multiple marketing channels
All homeowners are encouraged their engaged agent to market their property using multiple marketing channels whether it is online or offline. This is done to increase the chances of finding the right buyer. Thus, it is crucial to select the right agent who is well-versed in the variety of marketing channels so the property gets all the exposure that is needed to find the right buyer. Most agents should have the expertise to market face-to-face, on the website, over a phone call and more.
5. Property market understanding
Although this might sound trivial, but owners must understand the advantages of their property over their competitors’. Agents should be well-versed with the property market situation like the demand of the market so they can price their property effectively. The overpriced property will always turn off the steam of potential buyers to even visit the property and making an offer. This causes property owners to lose their leads an opportunity to sell the house.