Saturday, November 4, 2017

How to Save Money When Buying or Selling Property

Selling your house can be very exhausting as it takes up a lot of your time and energy. Some people are so desperate to sell their house that they end up losing money instead of saving it and maximizing their profits. If you are thinking about selling your house, here are some tips that will help you out. Read on. 

Hire an Expert Listing Agent

It is very important to hire the right listing agent, if you want to earn maximum return from selling your property. Some people hire inexperienced listing agents just because they tend to charge a lesser amount for their services, but this approach is not recommended. Experienced listing agents charge you more because they promote your property and offer better services than amateur property dealers or those listing agents who have just started.  

Pricing Your Home Correctly 

You need to be realistic when pricing your house. Remember that the longer your house stays on the market, the lesser worth it will have in the buyer’s eyes and its value will only decrease with time. If you price the house correctly, you will get interested buyers only. Here is how you can price your house correctly:*
Compare the price of similar houses in the same vicinity that have been sold in the past three months. While you are doing so, make sure that you take into account the prevailing market condition and whether the prices are going up and down. It always helps to see things from the buyer’s perspective, so quote an amount that you would have considered, had you been a buyer. 
  • Contact your bank and ask for a beneficiary discount to get an accurate payoff.
  • Get fixed price conveyancing from reliable websites or from Property Solicitors and Licensed Conveyancers.
  • Go to open houses in the neighbourhood and compare your house with other houses available in the market for sale. 
Prepare Your House for Sale 

If you want to get a good price for your property, you need to make sure that your house is ready for market. Here are some things that you can do:
  • Get broken items replaced or repaired. 
  • Make sure that the house is neat and tidy. 
  • Stage your home for the sale, so that you can sell it quickly. 
Have a Look at the Sales Contract

Your paperwork will include a list of legal processes and fees that the buyers and sellers will have to pay. You may get a buyer that will ask for inspection reports, or may negotiate on the closing price. In case that happens, you can always increase the sales price to compensate for the loss. Here are some tips that will help you out:
  • Negotiate on the fees. 
  • Try to close the deal  in the beginning of the month instead of at the end of the month, in order to save money on interest. 

 These are some of the ways in which you can save money when selling your house. How have you saved money selling or buying new property?

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