Thursday 22 December 2011

How to sell your house?


Selling your house can be a good deal only if you sell it the right way. Most people end up losing because they do not know how to go about. Chalking out an elaborate plan before you put your house on sale can help you get a lot more than what your house is worth. .  

What do you need to do before you put up the sale notice?

First try to find out the value of your property in the open market. Enter your zip code in a value estimator site or a real estate site to get a clear idea. Always hold the value of your house higher than what a site says as property appraisers always value a house below its actual market value.  An idea of the value can let you know how much to expect.

Look out for an opportune moment. As market dynamics keep changing the demand for a house will keep rising or falling. Wait for the demand to rise. And for this you need to bide your time. When the demand rises you can command a higher price than you can even expect.

Do not take the help of brokers. They will invariably push the price down for some non existent reasons.  Most brokers have a tacit understanding with real estate developers. So inviting brokers is like shooting yourself in the foot.

Last but not the least spruce up your house before putting it to sale: Presentation matters a lot in real estate sales. Real estate agents make a fortune out of selling a spruced up decrepit house.

Selling your house to a plan can spare you many a pangs later

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