Tips on Property for Sale and Property to Rent Maximize Your Property Investment Profits

Investing in property for sale is an emerging trend. Private and commercial land for sale can be a key source of profits. Different types of property for sale include those near a lake, a hotel, rural or houses. Conduct a thorough research of the real estate market before making any investment.

How do you begin acquiring, selling or leasing your property? You can find property for sale or rent on the internet. It would be ideal to contact the local real estate agencies and get their quotes. It can be tough to find good properties for sale in right locations at reasonable prices. Make your investments in properties on after you verify all legal documents of the site.

Ensure that you own, sell or rent properties in right locations. These land sites not only bring your good quality tenants but also bring high returns on your investments. Companies will show interest in your property for rent if it is near busy key areas like schools, offices, restaurants or academic institutions.

Consider your investment strategy before making a property investment. Owning commercial or residential property depends on your budget and affordability. You can initially begin with buying smaller apartments or office spaces. Before putting your property to rent, be clear about your preference of tenants. Decide if you wish to rent the property to singles, families or to businesses.

It is good to be flexible and negotiable for you. Have all legal documents verified and ready for the buyer. If you are buying a property to rent, avoid properties that are far from the city. These may not fetch good rental offers in long term. Be it rent or property for sale, both require good knowledge of real estate market and investment strategies. Planned property investments can get you long-term capital gains.

How To Advertise A Property For Sale

Selling your home without using a real estate agent is not difficult but as many buyers as possible need to know that your property is for sale if the process is to be a success. The key to getting the message out to buyers is an effective advertising campaign.

Homeowners who chose to go down the private sale (FSBO) path should consider the advertising tools that traditional real estate agents use and think which ones would work best for their property. Sellers should also remember how much they are saving in commission and commit to investing part of this in advertising, a rule of thumb is to allow 1% of the property value for promoting the property. Scrimping on advertising is a false economy, if buyers don’t know that the property is for sale the property wont be sold and you may end up having to pay far more in commission to a real estate agent.

The following methods are often used by homeowners looking to sell their homes and by professional real estate agents:

Internet listing

The internet has revolutionised how we buy real estate. Buyers are able to view thousands of potentially suitable properties from the comfort of their own home 24 hours a day. In today’s real estate market an internet listing is an essential part of marketing a property for sale. Good FSBO websites will let you write a detailed description and post pictures of your property.

Internet research enables buyers to make a short-list of potentially suitable properties, which they will follow up with a visit. If a property is not listed on the web it may not even make it onto a buyer’s short-list.

For Sale sign

Although the internet has made a huge impact on the real estate market one of the most effective tools used to advertise a property for sale is one of the oldest. A simple but well-designed sign in the front yard lets buyers know that the homeowner is looking to sell.

More than one third of properties are sold to buyers who learnt that the property was for sale through a for sale sign. Many buyers drive around a neighbourhood that they are interested in, getting to know the area and looking at for sale signs. If your home is for sale and you don’t have a sign you’ve already excluded one third of potential buyers.

Newspaper Classified Adverts

Despite the rise of the internet newspaper classified ads are still a popular way of advertising a property for sale.

Classified ads work well with an internet listing as only the basic details of the property need be included in the ad with buyers referred to the internet listing for more details and photos. As charges for classified ads are usually based on the number of characters or words, referring buyers to the online advertisement can save the seller money.

Flyers

Many buyers come from the local area with most moving less than 7km away from their previous home. These buyers can be reached by distributing well-designed flyers that help spread the word about the property for sale.

A letterbox drop in the streets surrounding the property helps spread the word. Posting flyers in letterboxes of smaller properties targets buyers looking to upgrade to a bigger property. Posting flyers in letterboxes of larger properties targets empty nesters looking to move to a smaller property. This also creates great word of mouth advertising and may attract buyers looking to move closer to family or friends.

Sellers should think about where their target market goes and make sure that a flyer is displayed prominently. Local stores, cafes or libraries often have notice boards where flyers can be pinned up. Local businesses sometimes have staff looking to buy so sellers should find out if their local hospital, school or large company has an accommodation officer or notice board to display flyers.

Word of mouth/networks

An often overlooked but very powerful method of advertising a home is to use existing networks. Sellers should make sure that all their friends and relatives know that their home is for sale and get them to pass the details onto their friends.

Here again an internet listing can aid the selling process. Some buyers may feel uncomfortable about approaching a close friend or relative to find out the asking price or may not want to risk offending them if they visit the property to find it is not to their taste. By viewing the property on the web buyers need only proceed if there is a good chance that the property will be of interest.

Landlords should tell their tenants that they are looking to sell and ask them if they might want to buy, after all they must like the property as they are paying rent to live there. It’s amazing how many landlords prepare their property for sale by giving the tenants notice to leave when they may have been interested in buying all along.

Any homeowner who is serious about selling their property would be well advised to use all of the advertising techniques described above. By spreading the word to as many buyers as possible a seller is more likely to achieve a quick sale at a good price.

Preparing Your Property for Sale

This guide was prepared this guide to assist sellers of houses to prepare their property for sale. the Real Estate markets around the world seem to be contracting so it is essential properties are well prepared and presented to maximise the sale price,

Look at your home as a prospective purchaser would.If you are buying a replacement home then it shouldn’t be hard to see your home as a buyer would. A great first impression could make the difference between selling and not selling. An unkempt yard with garbage, messy gardens and the front door in a state of disrepair will not leave a good impression.

Below is a list that will help you ensure property looks the best it can.

1. Clean rubbish away

This is usually easy to do and is a critical element in the presentation of your property.

2. Landscaping

Landscaping of the garden to tidy up the exterior and compliment the house is a great impression builder. This does not mean major reconstruction.

3. Painting

The quick lick of a brush on fences and exterior walls can make a great impression. If you can’t paint then at least wash them.

4. Tidy up and wash

Clean and organised looking homes are far more appealing to buyers. Clear windows, clean carpets, dust-free blinds, a clean kitchen paying attention to the sink and stove top, clean bathrooms and remember to use deodorisers to remove odours (smoking, cooking etc),…

5. Repairs

Attend to repairs of plumbing, general property hardware like windows, doors and cupboards and also screens if possible for good effect.

6. Create openness

Box and store any excess belongings.

7.Remove clutter

Remove most items from shelves, cabinet tops and mantle pieces to remove clutter and create a feeling and sense of space.

8. A bright home is cheery.

To create a warm and inviting feeling ensure the home is well lit with natural light and if needed switch on lights as required and, weather permitting, open windows and doors to build that spacious feeling.

9. Smells should be masked with nice scents

Make sure the place smells like roses or something like bread or a cake baking. Nice aromas are often the factor that causes a buyer to trigger positive emotions and memories. Freshly crushed mint is also a winner.

10. Mould and moisture

Ensure potentially moist areas have great ventilation to help remove moisture and mould which is an indication of moisture. As a buyer you wouldn’t be impressed with a house exhibiting evidence of mould and neither will your buyers. Wipe any mouldy areas with bleach to kill any spores.

11. Outdoors

Ensure children’s and pets toys are hidden away or neatly stored. It’s also recommended that you take washing off the line and remove pegs from the clotheslines.

Take on board these easy to do tips and impress your buyers. Remember the last thing they will usually see is what they saw as they entered. You want your prospects to make an offer so make sure you make a first class impression.