What You Should Know About Selling Real Estate

Posted by Lisa Udy | Posted in General Advice | Posted on 25-08-2010

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With the right professional help and advice, selling real estate can be an exhilarating and even enjoyable process. Hiring a good real estate agent is the vital in obtaining a quick and successful sale and is the best way to take the stress out of the situation and get the result you want.

The first step to selling a property is to decide on the asking price. You can determine this by consulting with a registered valuer or by comparing recent sales figures in the local area. Try to make your expectations realistic without underselling yourself. If a home is valued higher than other similar properties it will be much harder to find a buyer, especially if the market is low.

Next, consult with real estate firms and choose an agent to list with. Compare fees and services before making a decision and ask around to see if anyone you know can recommend someone with a good reputation. Agents’ fees are usually about 3% of the final sale price and this covers all the advertising and signage they provide plus organising open homes and contacting potential buyers.

You should not have to pay any costs upfront. The agent will only earn the commission if the property is sold, and works for you rather than the buyer so has a responsibility to get as much as they can.

There are a few different methods of sale. Some homeowners openly state the asking price while others choose no price marketing. Auctions are another popular choice, and can fetch a good return if there are several groups bidding.

Ask your agent for advice on how to approach the sale. Their knowledge of the market and where your property fits within it should ensure that you choose the method which is likely to get the best result.

The last stage before entering the market is to have a thorough clean up of your property, both inside and out and do any jobs which could significantly improve its appeal and which are relatively easy and cheap. At the very least, clean the windows, weed the garden and mow the lawns. First impressions count for a lot, and buyers may be put off if they perceive that the premises is not well cared for.

Having a good agent will save you a lot of work and stress and is a very worthwhile investment if you want the best possible return on your property.

Article written by Lisa Udy, please visit Logan Utah Real Estate to find the best Logan Utah Real Estate information.

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