Selling a piece of property can be complicated and can take up quite a bit of your time if you decide to do it on your own.
Start with deciding if your property is ready to sell. You may need to invest a little money to make the house or building look its best. Compare it with the other homes in the neighborhood or similar shops or office space in the area.
If possible, put your real estate up for sale during a period of seller’s market. That is when there are a great number of buyers but a limited number of properties available. It will mean that you will be able to be more in control of the asking price and terms of the sale.
Have the property valued
In this same area, have the property valued. An Acton estate agent can be of immense help with their access to comparable properties in the area of the city your property is located. The agent can also help you determine the asking price, which is suitable for the market conditions and how your property stands in relation to others.
When you list the property, be sure you have clear photos and/or videos to be posted on websites. Be sure the rooms are as clear of furnishings as possible so that potential buyers can have a good idea of the space as they would like it arranged. If possible, know the dimensions of the rooms or areas. Decide whether you will list it through an agent or on your own and whether it will be online only.
If you opt for an estate agent, take into consideration the fees that will accompany the sale and how well you relate to the person who will be showing the space and interacting with you and everyone else involved. Agents offer different contracts that come with their own menu of services. Be sure you understand what you are committing to.
Be ready for personal viewings
If you are still living in the house, be sure it is clean and clutter free. If you have a commercial property that is already leased out, notify the lessee about others walking through their space.
Work with your solicitor and agent to negotiate and deal with all the legal paperwork and taxes. Getting the solicitor involved early means that a great number of the documents can be prepared in advance and be ready for filing in order to affect a quicker close.
Often if you are dealing with a long-time family home, emotions can get involved. It is best if you are realistic about the fact that this is a business transaction. It can also take some time for this to come to a conclusion. The property may be on the market for a while and the paperwork may not go as smoothly as possible. By the way, there will be lots and lots of paperwork.
A major factor is selecting the right estate agent to work with. Choose someone that is professional and experienced in dealing with the type of real estate you want to sell and whose advice you trust. They can help you understand all of the processes and keep you informed every step of the way.
