As hard as it is to sell a real estate property, it could be even harder to sell an investment one. It is still not impossible to prepare and do everything by yourself. All you need is some time and the desire to learn more about the specifics of the real estate market in your country and region. Dedicating some of your time to the idea of researching and understanding better the rules of this market will give you the confidence you need to turn the real estate property you have into a dream home. Investing your money in the renovation of the design of the house or apartment is an important step which, however, when done right can bring you a big profit.
If you don’t want to spend a lot of money in order to sell your investment real estate property for a good price, you can take care of all the details yourself. A consultation with a specialist can be really helpful but it will certainly cost you a lot. There is a way to limit the expenses by educating yourself about the important rules of the market. Some people need years to collect the necessary knowledge and to feel confident to operate in this sphere. For you, however, it will be enough to learn at least the basics, so that you don’t make any fatal mistakes. Once you have all the information you need you will be able to sell your investment real estate property not just for a great price but also in any market you like. Here are some of the steps for which it is good to be prepared:
• Study the markets – Like we’ve already told you, there is nothing more important than studying the markets. There are a lot of pitfalls and things that can go wrong along the way. It will be for your own good, if you make the efforts to learn everything you can about the requirements and other details of the real estate market in your area. The more you expand your horizons, the better for you. If you also learn something about the other markets, you will be able to compare them and to understand better the idea of selling an investment property.
• Compare real estate properties – After you know at least the basics about the different market and their specifics, you can move on to comparing the real estate properties. There are many people who have done this before you and, therefore, they will be the perfect sources of valuable information to you. Think about friends or some other people you know about, who managed to sell recently a house or an apartment similar to yours. If you ask them for advice, this will be very beneficial to you.
• Look for any flaws – In order to sell an investment real estate property for a high price, there is one rule which applies to all markets and that’s the perfect look. If you want someone to buy your place, you need to make sure that it is clean and organised. The cleaning is very easy. You can call any professional company like PerfectCleaning London and pay the cleaners to disinfect everything in the property. For a flawless look, you also have to fix damaged furniture, appliances and other things in the house, as well as invest in a renovation of certain parts of the place, if it seems necessary.
• Be flexible – Don’t forget to be flexible when the time comes to speak with the people who want to buy your investment property. Here is when the knowledge of the real estate market will come in handy and when you will be able to show your personal skills.
Buying a new home is a huge step. Finding the best property is difficult. To make things easier for both sellers and buyers, there is the Open House event, hosted by a realtor, which usually takes place at weekends. The reason why this activity is done at the end of the week is simply that both homeowners and home buyers are busy people who have to go to work.
Additionally, a house looks much better and cleaner during daylight hours. More often than not, it will be clean and sparkling, interior lights will be on to show the real beauty of the premises, a nice smell coming from an air freshener somewhere out of sight will be released every now and then. Music may be heard. It is very unlikely that the house is messy and unclean. After all, sellers do their best to present their properties’ best face.
But what do you know about Open House rules? What is the proper etiquette? Here are some of the most common things buyers should know when visiting an open house kindly presented by SW12 City Cleaners. Read on.
A common problem for visitors to an open house is, “Do I ring the bell or do I walk in straight away?” Well, here is the thing. It depends on the situation, but unless you’re instructed to knock or ring the door bell, you don’t need to. Normally, there is a sign at the door, saying you should knock. If there isn’t any, you’re allowed to walk in unannounced. And when you do, a quick “hello” will be enough to let the other person/people know you’re there.
Broadly speaking, there are two types of agents: the engaging one and the non-engaging one. The engaging one will be standing at the door, waiting for you. Upon greeting you, he or she will introduce himself/herself. This kind of agent will tell you everything you want to know about the property and will let you examine the house at your own pace.
The non-engaging one is likely to be hanging out in a corner with a cup of tea in one hand and a good book in the other. He or she will not provide any information to you unless asked. Additionally, they will probably ask you to help yourself to the flyers provided on the counter and will get angry if you disturb them. This kind of agent is one who wasn’t really willing to engage in this.
Who you should be interested in meeting is the listing agent. This is the person who has been assigned by the seller to assist in selling the property. Sometimes, there may be two agents and it’s hard to tell who’s the listing one at first sight. What you need to do is to simply ask. Note that listing agents may not have a name badge or be mentioned on the For Sale sign.
What do you do if you meet an associate agent and he/she wants to represent you to buy this house or another one but you’re already working with another agent? The best and quickest thing to do is to hand them over your agent’s card so that they know you’re not available. Normally, agents must ask you if you’re already committed to another agency, but sometimes they don’t. Be sure to inform them what’s going on in a polite manner.
“Can I join if I live down the street?” The answer is: yes, of course! Many people think that agents don’t really want to show the property to neighbours but that’s a fallacy. In fact they will be very happy to show you around if you’re a neighbour. Your feedback is important to them. Not to mention, you may know a person who would love to buy the house. Everyone is allowed to attend an Open House, so don’t be afraid to check your neighbour’s house if you’re tempted to.
Whether you’re considering buying or renting a new property, there are a few things to keep in mind. Before you buy a house or an apartment, you’ll have to do a walk-through of the premises. What are the things to watch out for and how can you determine whether the place is good enough for you? Follow our tips and advice we’ve pointed out in this article.
Is the place you’re viewing clean and disinfected? Make a thorough inspection of every room to ensure that it is hygienic and liveable. Sometimes a place may seem free of dirt and soil, but a closer look at it reveals loads of problem areas to deal with. Inspect well the property you’re planning to buy or rent and demand that W6 professional cleaning be done on the premises.
Today mobile phones are widely used and it’s a bit silly not to check your phone’s signal while viewing a property. If you’re going to live in that place, you’re going to need a good signal, spanning across the entire residence. You wouldn’t want to hang out on your balcony to have your phone conversations.
How noisy is the place on a scale of 1 to 10? Consider buying/renting another property if it is a 5 or higher. Unless you have a really good sleep, no matter what, you wouldn’t be able to stand the noise every single day!
How to check if the place is noisy? Well, sit still for a moment or two and keep quiet. Now listen. Can you hear barking dogs, noisy neighbours, generators and fans or loud vehicles? How noisy are they? Also, can you hear your neighbours? We’re talking about normal everyday activities and not loud talking. From personal experience, we know that if you are able to recognise the movie they are watching right now, then the walls are incredibly thin. And that’s something to take into account.
Are there any faults? Is everything in good working order. Have a good walk-through of the rooms and check sinks, taps, kitchen appliances, fixtures and fittings. Check for cracks, damage or other problems.
Is there an elevator? Is it fast? Does it work properly? Is it reliable? How about heating? If you rent or buy a property during the summer, you’re likely to forget to check the heating situation. Is there a heating system in the property?
Furthermore, what is the view? If you’re buying the property, you’re going to see the same scenery every day. Do you like it? Is there enough natural light into the property? Are the windows big enough? You need to consider all these things before buying the property. Also, is the air fresh in the house or apartment?
It’s wise to ask a friend of yours to accompany you when viewing a property. Another person’s judgement – especially a friendly one! – will help you weigh the pros and cons of the given property much more easily. Besides, another set of eyes may be able to notice things you can’t see yourself, such as faulty taps, hot water not running properly, cracks on the walls or others. A friend will always tell you when they spot a problem. Normally. Additionally, if you know people who are familiar with home construction, they may be very helpful when you’re having a walk-through of the property. Different people see different things.