10 Tips For Buying Or Selling Real Estate
October 25, 2009
Whether you are a buyer or seller, here are some helpful tips to enable you to make the best out of a real estate transaction.
(there is a free ebook: 101 Tips For Selling Your House,for you to download, from a link at the bottom of this page).
Buyers
Pick a developing area. You can scientifically predict which areas are boom towns or not by reading the business pages.
Learn the real estate market in the area you picked. You need to develop a thorough knowledge of what properties are available and the going rates for houses. Be ready to make an offer in the shortest time possible.
Make your offer to buy conditional on a thorough inspection of the property. If you discover some problems, try to negotiate for a lower price to offset the inherent property flaws.
Be patient and prepared to keep looking until you find the right house that will give you a good return on your investment.
Sellers
Make sure that you let natural light inside the home during a buyer’s inspection. Open curtains, draw the blinds and turn on all lights in all rooms of the house.
Repair and/or renovate door and window hinges, door handles, broken shutters, leaky faucets, broken bulbs etcetera. Make sure that there are no squeaking doors, windows close and open smoothly and faucets are leak-free!
Deodorize the house to neutralize pet or tobacco odors. Better yet, bake bread or chocolate chip cookies before a buyer makes a visit to your home!
Make sure the house is cleaned from top to bottom, inside and outside including all those hidden corners, under the sinks, bath tubs and baseboards. Mow the lawn and trim the hedges!
Get rid of all unnecessary clutter and personal souvenir! Buyers want to see the home as they would live in it and not as you live in it!
Give your home a fresh coat of paint inside and out. Painting your home is one of the most important and inexpensive investment you can make to maximize your sale price.
Real estate is slowly becoming a rewarding investment, more rewarding in fact than stocks and bonds because they have not been performing as in the past.
On the other hand, real estate investment is performing beyond expectations because of its appreciation and due to demographic factors.
Analysts have been claiming that the real estate boom will fizzle out but that was 4 years ago and the market continues to improve due to demographic factors, lower loan interest rates and easier mortgage requirements!
Gerald Mason
http://www.articlesbase.com/real-estate-articles/10-tips-for-buying-or-selling-real-estate-103212.html
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5 Responses to “10 Tips For Buying Or Selling Real Estate”
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Real Estate Marketing Tips – Beyond MLS..? Youtube?
Hi. I’m looking for ideas to get people INTO the house I am trying to sell. It has only been on two weeks, but with three kids and having already bought another house, I would like – no, LOVE – for it to sell quickly. It seems to be priced about right, is beautifully staged and landscaped, yet there has been very little traffic (7 couples in 2 weeks). I live in Bergen County, NJ and the house is listed at about 1.5M in a town where there are 86 homes on the market over 1 M.
I have done all I can do with the house but I am wondering what kind of marketing tips might be relevant in this market beyond the usual ( I have an agent who has listed it MLS, local newspapers, broker’s open house). My agent really has not come up with any other marketing ideas. I have not done a public open house as I have heard that those rarely result in sales, particularly in my area. Have thought about Youtube and Craigslist – what do you think? Any other ideas?
Youtube is excellent for marketing your home. You can tape a short tour of your home or community so that prospective investors have a more rounded idea of just what benefits your home offers, before investing time to see it in person.
It also weeds out "rubberneckers" who may waste valuable time.
Also there is wellcomemat.com. Which is "youtube" for realestate sales
You can use them in conjunction with your agent’s marketing plan.
I use them both for the marketing of my properties and have had "astounding" results. Not to say that each person calling wants to dump $$ in your pockets, however it is great for receiving feedback so that you know that you are on course
P.S.
craigslist can also be used in conjunction with "post it" adds
References :
86 homes on the market in your area in your price range and you already bought another house!!! OMG Hope you have a contingency clause in the purchase contract about the sale of your house.Maybe you should try burying that statue of the catholic saint that some people use, read/watch the secret. Do you really want to post pics of your home on the internet? Hopefully you hired a good broker to sell your home, let the broker handle the posting of pics and dealing with buyers. If you do post anything on Craigslist or you tube you won’t be stupid enough to list the address of the property. Good Luck
References :
As a real estate agent in another state, when you’re not seeing the results you want, I always suggest lowering the price. Did you have your home appraised before you listed it, or did the agent tell you what to set the price at?
Also, in my area, open houses sometimes are helpful. It might be worth your while to do one, plus it would be extra advertising about your house at no extra cost.
References :
Interesting post i totally agree with the comments above. Keep us posting