When you buy a property as an investment, there will likely come a time when you decide to sell. You may see an opportune moment in the market, need the income to make a new, more lucrative investment decision, or simply feel that this property is no longer providing you with a worthwhile income source. Whatever your reasons are, you’ll need to make sure that your property is in the best possible condition to make a good sale that gets you a solid return on your investment. Use these tips to ensure you make it happen.
Beautify the exterior.
The first impression every buyer will get of your property will be its exterior, but far too many homeowners neglect this aspect of their property. The property has to have positive curb appeal, especially if you’re looking for a high selling price. Using architectural facades to add a stylish, modern twist to the exterior or patio area of the property can do wonders for its value. If the garden hasn’t been maintained in some time, make sure that both the front lawn area and garden are in perfect condition and that the whole exterior looks perfect from a buyer’s perspective.
Get the price right.
Setting an unreasonable and poorly thought-out value on your home can do huge damage to your selling prospects. With the right price, you could have serious buyer ready to take the property off your hands in weeks. With a price tag that’s too high, you’ll put off potential buyers and make all of the other properties in the area that are similar to yours look like a great deal. Get an appraisal specialist to come in and give you a detailed, accurate estimate on pricing, and do your research in the local property listings to make sure you’re setting a price that’s reasonable.
Make the indoor area look wonderful.
When potential buyers come to look around you don’t want them to spot any flaws or problematic features at any point. You can avoid this problem in advance by fixing up any broken stairs or creaky doors left behind by tenants, and by going through the property yourself and looking at it from the perspective of a buyer. The house should, of course, be cleaned thoroughly and presented to look as fresh, and pristine as possible. Add some fresh décor ideas , add some flowers and scented candles around the space to create a welcoming and warm reception for your buyers.
Get your timing right.
Sometimes, the market conditions may not be favourable to making a great sale. It’s crucial to get your timing right if you want to get the best possible return on your investment. Meet with your financial adviser to get objective advice on the current state of the market, and keep up to date with the local economy so you’re aware of what’s going on. If the selling market is especially slow and you’re feeling under pressure, now may not be the right time.
Be ready to negotiate.
Buyers usually present a first offer that’s lower than what they’re truly willing to spend. Unless the offer you get is exactly what you wanted (or higher), don’t be afraid to present a counter-offer. You may get substantially more than you expected.