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 Jim's Real Estate

Real estate is sold almost daily by many different people in many different areas around the world. Homeowners, real estate agents and investors are among this group of people and there are many tips to help you keep your real estate sale profitable whether it is a house flip or just a casual home sale.

The first and most important tip on selling real estate is to constantly keeps the property being sold looking as good as possible. It is important to keep it clean and well maintained. It is a good idea to regularly perform yard work as well.  Be sure to get rid of all of the extra junk that has been accumulated including decorations, too much clutter is not appealing on the eyes of a prospective buyer.

Second, it is also very important to price your property reasonably. Many people see real estate as an investment, so asking for a little bit of return on your investment is totally understandable; however, it is very important not to gouge the asking price too much. People will rarely pay $250,000 for a house that is worth $200,000.

Third - Before listing your home on the market, it is a great idea to have an inspection done on the property that is going to be offered for sale. Many inspectors are more than willing to point out problem spots and will also help you estimate a reasonable amount to ask for the property. Once the inspector makes an inspection it is very important to fix the highlighted problems, there is nothing worse than selling a home pending inspection and it failing that inspection, especially when you have already performed a pre-inspection.

Fourth, it is also very important to find the right real estate agent or realtor. Be sure to search for one that best suits your needs. Some agents often specialize in particular homes or properties and may have a better clientele for what you are selling.

Finally, do not be scared to change the terms of the sale if your home has not been sold despite being on the market for some time. Instead of dropping the asking price, throw in a furnished room or offer to help pay a percentage of the buyer’s closing costs. This is a great alternative to lowering the asking price by $10,000 or $20,000 and looks more appealing to buyers, while only losing $1,000-$5,000.

With the real estate market in the current state that it is, it is always helpful for a seller to hear some tips on selling their property. These may or may not be suitable for your current situation but they can definitely offer you an edge, especially in a tough market.