subject: The Quick Home Selling Guide For The Real Estate Investor [print this page] The Quick Home Selling Guide For The Real Estate Investor
Selling a house is something that anyone can do. You can find all of the information you need by a quick search on the internet. Whether you use a Realtor or do it yourself, it will go much more smoothly if you do a little preparation first. Here is a guide to selling your investment property.
1. Before you sell: Buy right: If you want to sell your investment property quickly, buy a property that will sell quickly. Make sure that your numbers work. If you calculate the cost of buying and cost of selling and there is not a profit to be found, do not even buy it. If it is the wrong property to sell quickly, it is likely not to sell for a long time.
2. Advertising and find buyers: Once you buy a property right, you need to think how you will market it. It is best if you have a huge buyer's list already but there are many other ways to market the property to potential buyers. These include advertising on the internet (powerful tool), bandit signs, direct mails, and open houses. Write down all the details and description about the property, and put on as many pictures as you can. This makes buyer's decision much easier. Show the house in its very best condition. Make the first impression the best impression. Get rid of dirt and garbage, de-clutter and remove any excess furniture. Paint and repair as necessary.
3. Prescreen buyers: Unfortunately, not all buyers are as equally interested in your property, some are not ready to buy yet. You want to prescreen buyers as quickly as possible so that you can focus on a few serious and qualified buyers and do not waste your time on the others.
4. Negotiating: Once you have an offer you need to decide what is the maximum price that you can achieve. Think about the offer, how close it is to the price you want and how quickly they can move.
5. Follow up: Sometimes property buying can take some time so you need to follow up from time to time right up until closing day. Build up a good rapport with your buyers as it helps things go quickly and smoothly.
6. Closing: It is important to ensure that all the tax and legal requirements are adhered to, so this is best handled by your lawyer. There are a considerable number of legal documents that need to be understood and completed. This is not a task for the untrained.
I hope that this guide will help you sell a house quickly. Real estate investing is team work. Always ask for professional advice when you need it. Good luck!
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