How to sell your property privately
With the current financial climate and a clear lack of property buyers, today’s homeowner has to consider all possibilities if they want to sell their property quickly. This is a global problem, whether you are in the US, UK or Spain, property prices are falling and buyers are few and far between, even with interest rates at an all-time low. .
So how can you get ahead of the field?
Make sure your property is ready for sale, it must be clean, neat and well presented at all times. If possible, give it a fresh coat of paint!
Price of the property for the market. Check local real estate or For Sale by Owner websites to find out how much similar properties are selling for; You can also use nethouseprice, which allows you to enter your UK postal code and get a list of properties sold and the price at which they are sold. where it is sold in the same area.
Find out what local real estate agents have to offer. Ask them how they will market their property and where they advertise. Negotiate the best commission agreement and be sure to read any sales contract (ask your legal representative to review it if possible). Some agents will have a declaration clause if the seller sells the property privately, they are still required to pay a commission. Make sure this is removed or you are willing to pay them too!
Advertise your property privately using all available means: local newspapers, storefronts, Sell by Owner websites, or all of the above.
If you run ads in the local newspaper, keep the title short and attractive. A “Luxury Property For Sale” title can discourage potential buyers, inferring that the price will be too high, while “4-Bedroom Single Family Home” can do keep reading.
If you advertise in a storefront, be sure to include a color image of the property and, again, keep the title attractive.
If you use FSBO (Sale by Owner), see what offers are offered. Online Property Sale is currently offering to advertise your property until it sells for just ¬52. This includes a full description and up to 6 photos of your property. They also place it on the Global Property Online website and a minimum of 10 other websites. The price includes an SMS alert system that informs the seller when an inquiry has been made on his property.
When posting ads on an FSBO site, ensure confidentiality is maintained by not displaying your name, phone number, or email address. Some FSBO sites display them, and before you know it, you’ll be receiving hundreds of spam emails.
If you really want to sell your property, there are buyers out there (even in today’s climate) and you just have to work to find them using some or all of the methods outlined here; These could help you get ahead of your neighbor. If selling your property is paramount, exploit all forms of advertising, manipulate available resources to your advantage, and make them work for you.