Top 3 tips for selling property locally.
Selling a property can be a complex process for many homeowners. If not handled effectively a house can stay on the market for years on end. Costing the seller more money and time.
There are a few key components to making a quick and good sale of your home.
Here are 3 tips for selling property in Trinidad and Tobago:
• Find a Good Real Estate Agent
Many homeowners start their selling journey thinking that they can handle the process.
However, it requires a lot of time and expertise to ensure that the sale is handled efficiently. Homeowners must do extensive research to ensure that they find a real estate agent that they trust and have confidence in to carry out the job.
This requires some research and in some cases referrals from friends and family. When researching real estate companies, visit their website and social media pages and assess their engagement and how they present houses and properties online.
It is best to contact the companies you want to work with and have a discussion about the possible partnership via email or on the phone. Through these conversations, you will be able to better gauge whether they are the right fit for you.
• Assess Whether Repairs and Renovations are Necessary
When you find the agent that works for you, they will do an assessment of the property. This is separate from a property evaluation. This analysis looks at what renovations and repairs are necessary to increase the chances of a sale.
In many cases the renovations recommended can increase the home’s value. However, an agent will tell you what renovations and repairs are necessary for the sale and the ones that are not essential.
This factor also includes staging the house for the photoshoot and visitors. This requires a deep cleaning, decluttering and the removal of certain decorations. The house has to be stripped down and have a simple layout to get the photography right and to prepare it for viewing.
• Find the Right Pricing
Too often sellers choose the figure that sounds right without a careful assessment of the variety of factors that affect the selling price/list price. Some of which include:
• The evaluation report’s estimate of the value of the house
• The state of the market at the time of selling
• The condition of the property and the number of renovations and repairs required
The figure you decide on cannot be made by one singular person. Consult your agent on the price and ask them for analysis. They will give you an assessment of the market and other homes with similar qualities to yours to come up with the best figure. Your real estate agent will find the best price that is fair to both you and any potential buyers.
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