Selling a house in these days’s market is certainly not a simple endeavour. Nonetheless, with the right moment and planning, property sellers can certainly entice buyers and secure a sale in a short period of time. If you've been trying to sell your home for quite a while now with no success, it is most likely that you are doing something wrong when it comes to your marketing and advertising endeavours. Lauchlan Leishman, head of the international real estate company the Berkeley Capital Group, outlines some common errors that property sellers must avoid:
Pricing the property too much - Quite often, first-time home sellers often appraise their properties based on the net profits that they would want to receive from the sale. This sort of pricing sooner or later results in a price that is more expensive than what the home is valued at. Though it would be very nice to receive a hefty profit from selling your house, it really is far better to continue to be reasonable and take into account the various variables thats liable to bring up or pull down its market value. One particular way to have a concept of how much a piece of property is really worth is to seek advice from property reports and do a comparison of house prices with similar properties in the area. Another is to hire a professional to look at the house. These practices ensure that you will set a price that is fair for both buyer and seller, therefore increasing the chances of selling the property at some point.
You can earn revenue from investment properties in two ways: the first one is by selling them after allowing their value to go up on a particular period of time and the second way is by leasing them to people who want to live in the area. However, whether you intend on selling properties for a profit in the future or simply renting them out, the things that could influence investment property values are still exactly the same. Lauchlan Leishman, head of the Berkeley Capital Group, a real estate investment company that specialises in international properties, reveals 4 fundamental features of the house that may tremendously impact the results of your investment:
The area and type of neighbourhood - These kinds of elements are the most critical since they will determine what sort of tenants will be living in your investment property. For instance, if you purchase apartment in a college neighbourhood or a house, your tenants are going to be consisted primarily of students (as well as some school personnel or teachers, maybe). While students generally pay rent or lease on time, this setup will also mean that there are going to be periods when you won't generate profit, like during summer vacations. On the other hand, investing in a house to let in a family-driven neighbourhood may lead to more secure income for the years to come.