Tips to earn top dollar in real estate

Jul 15, 2013 by

Real estate business involves selling of lands, houses and building either by an individual or through real estate agents. Finding an appropriate buyer in a real estate business is a Herculean task when the value of the property is not assessed correctly or the property is not up to the expectation. So, it is necessary to follow few things while you earn top dollar in real estate business.

a) Repair your property before you sell: If the property is a house or building repairs the faults in it increases its value. In fact, most of the people think that repairing is expensive and wish to sell the house/building along with damages. The reality is when the property is repaired properly; you can gain profit of about five times of repair cost in addition to property value. This saves you from losing your property value as well. In case it comes to land, provide proper layout out the land so that the buyer will get a clear picture of location and size. It makes the deal easier to negotiate towards a diplomatic end.

b) Tidy up your property: Your property may be too old or ruined by time or by junk accumulation. But proper presentation is necessary for showcasing your property to the buyer. Before the client visits your property, make sure it is cleaned up and properly painted.

c) Properties should be accessible: Every buyer wishes to buy property in an easily accessible location. Explaining accessibility means available to reach your property is advantageous. Also, the buyers wish to examine the property for repairs and legal issues before buying. So make sure the client can visit the property anytime according to his/her will and free from any legal issues.

d) Research is golden: Research about other properties about their sale value and compare your pricing with others. Refer at least three real estate agents about the current trend of properties in your locality. Don’t make up your mind to take a deal of low sale value or aim more profit than that of actual price.

e) Advertisement brings the best: Most successful real estate business relies on advertisement. It is the traditional way of reaching the products to buyers. Though it costs some money advertise in your local magazines and newspapers. You can make use of online free advertising channels as well. This result in flooding buyer inquiries. From them you can pick the right one who matches your deal.

 

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