Selling Your Property For The Most Money!

Planning to sell your property & maximise profit at the same time? It is possible but you have to learn how to sell your property for the most money, to be able to make the most out of your investment!

1. Study Your Local Market- Do some research and if there is an increase in the ratio of property seekers to property listings which means there is an increased demand for a property then this is in your favour! You can also confirm this by checking similar properties to yours if they are selling faster for a similar location then it means there is a strong demand. You also need to understand the effect of inflation on property prices. If inflation is high, then the property prices increase and vice versa. All this will help you put a price to your property!

2. Sell At The Right Time & At The Right Price- Make sure you check the seasonality of the market before selling! Go with the season! For example, families won’t be thinking of getting a new place when kids are at school! Check the pricing! Overpricing can make you lose a deal! You may also take longer to sell & if you have to keep bringing the price down it may make the buyers sceptical, limiting your negotiating power! Don’t miss out on the ‘good buying’ opportunity!

3. Factor In All Other Costs- When selling your property put into consideration the Agent’s fee (2-3% of total value), the seller’s discount, maintenance & repair works. You would be surprised that this could amount to a big figure!

4. Spend A Little On Minor Renovations- If you want to sell your house for a better price sometimes it is wiser to spend a little on renovations. For example, painting the place can make it look instantly brand new which gives your property a higher value!

5. How Are You Going To Sell- Traditionally one would get an agent who would list the property for sale, show your property to interested buyers then negotiate with the buyer and close a deal! You can even make more on your property if you didn’t go through an agent and sold directly (saving the agent’s commission). Negotiate the best offer this doesn’t have to be the highest offer! So for example if you are looking for a quick sale then cash sale is the best, keeping in mind the buyer will use this as an incentive to pay lesser for your property!