Sell Your Property

Executive Summary about How To Sell Your Property (UK) by Nicolas A

There are five distinct phases to selling your property.

1. Preparation

Prepare the property for viewing and, hopefully, a quick sale.

2. Valuation and marketing

A valuer, usually employed by your estate agent, will visit the property and put a price on it.
The agent will then advertise your property in the local press, in his window or on the internet

When someone is interested in buying your property, they may make an offer below the asking price. Although the conveyancing process (moving title of the property from your name to the buyer’s) takes the same length of time for buyers and sellers, there is much more onus on the buyer’s solicitor in terms of the amount of work required so your legal bill on a property sale should be lower than for a property purchase. Though not usually charged as a percentage of the property value, most solicitors and conveyancers will link their fees to the price band in which your property falls.

PREPARATION

When to sell

The best time to sell is when there are many buyers in the market and prices are increasing, and when interest rates remain low.

Buying and selling property is also seasonal, with more sales being made between March and July each year.

When not to sell

The worst time to sell is when there are fewest buyers in the market.
If your property is in a sought-after location, you should have no problem selling at a reasonable asking price regardless of the time of year or market conditions.

Choosing An Estate Agent

An estate agent can take care of all aspects of the property sale for you. A good estate agent will:

Arrange a property valuation

Advertise the property for sale – both online and in traditional media

Court potential buyers

Arrange and conduct property viewings

Negotiate with potential buyers on your behalf

Help to maximise the property sale price

An estate agent will ensure you avoid mistakes when selling your home, which could otherwise be costly. No fees are payable up front and you should accept only a no sale, no fee agreement with your chosen agent.

An estate agent acting as a sole agency is acting alone in the sale of your property. You are contractually bound not to allow other agents to try and sell your property during the term of the agreement and will be liable for a commission payment to the sole agent should you do so and successfully sell the property.

Two agencies working together to try and sell your home is known as joint sole agency. You may pay slightly more in total commission than you would if there were just a single sole agent, as both businesses will receive a share of the commission when the property is sold.

It can be the case that the agent will spend less on marketing your property or act less aggressively trying to sell your property under these terms.
Auction

If you need a quick and virtually guaranteed sale, you could auction your property.
Auctions are becoming increasingly popular with buyers but there is no guarantee that the seller will achieve the asking price of the property.
Selling your property at auction generally costs around two and a half percent of the price attained.

Private sale

The main downside of a private sale is that sometimes it can take longer to sell your home, as your property does not enjoy the level of exposure that it would have if it were being marketed by a professional estate agent.
Caravans, white vans and old vehicles on and around your property deter more buyers than anything else. Aim to have your property in pristine, showhome condition at all times. Selling your home can be a stressful and expensive experience.

a) choose a reputable estate agent

b) prepare your home for sale.

Property Business

Executive Summary about Finding Houses For Your New Property Business by David C

Last time we looked at Market research and one of the topics to be researched was properties that are currently available to rent in your locality. Make a list of ALL the property available near you. Most property letting agencies list prices as PCM. You’ll need to double check to see how the agencies list properties in your country, in your area.

As each newspaper ad appears, enter the new prices on your list in the correct position, cheapest first, most expensive last. It’s all part of building your knowledge into becoming THE local expert in property rentals. 1. Do you or any of your friends or relatives have any property sitting empty? If so what has happened to the house? Do you know of any property that has been up for sale for months and hasn’t sold? If a property is standing empty it is costing money. If it is let, it is producing money, and that’s a big difference. When people inherit property why are they always in such a hurry to sell anyway? You can only sell a house once, you can rent it forever, and like everything else over time those rents will increase. If you know someone who is desperate to sell a house they have inherited, have a word with them. Why Sell? Why do people sell? Secondly, why not rent out the house you live in now? What! Yes, I’m serious, you want property to let don’t you? Value it highly and if it lets, you make money, if it doesn’t let, so what, you have lost nothing. It’s common to find properties listed there. Some landlords will not speak to agents under any circumstances. Some landlords would not do business with an agent even if you offered them £10,000 per month and free beer forever. All you were trying to do was help them let their property, and if they couldn’t see that, it’s their loss.

In the initial period price is secondary. Get the instruction first, and then worry about letting the property afterwards. You could solve all their property problems for them, and make some money for yourself. Suggest they might like to meet you at the property that is to be let.

Take your camera and ask if it is OK to photograph the house. Take your diary and note everything that needs noting. Remember, you will do anything within reason to land that property, and if it includes going out in the rain in ten minutes time, then do it. You can do exactly the same thing by ringing private small ads you see for property to let in the local paper. Offer them a small discount if need be. Not all landlords are rolling in cash, it’s very easy to get into buy-to-let property, but sometimes very difficult to get out of it. Believe me, there are many desperate landlords out there and they will instruct you if they think you might shift their empty houses and apartments.

All property advertising always produces less response than you optimistically imagined. If you rent just one property a week you’d be on target for more than fifty successful lets by the end of the year.

Universal Studios Singapore at Resorts World Sentosa (RWS) will be opened to public on March 18, 2010 at 08:28 am local time. Universal Studios Singapore will offer attractions with themes of best film, divided into seven zones / regions. RWS mention, it’s possible certain attractions can not be displayed because of technical reasons. Ticket price includes dinner and shopping voucher which can be used in this amusement park.

Robin Goh, Assistant Director of Communications RWS, say, during the soft opening, the number of guests is limited. ”This is to ensure everything runs well in the operation carried out in stages. When fully operational Universal Studios, we predict the number of visitors to this place alone reached 4.5 million a year,” said Goh. Ticket sales will begin at 09:00 on March 10. Ticket reservations can be made online, by phone, or directly on the counter.
Singaporeans and Permanent Residents who use credit cards to get discounts on 6 DBS Singapore dollars for a regular ticket.