Demand and supply of a product in a market essentially decide its price. It further construes that when the demand for a product is very high in the market, the price of it will invariably rise and the vice versa. The prevailing property price in London just after the 2016 BREXIT poll result bore the mark of it. Therefore, to sell your house fast, you have to do a bit of research such as the following.
Current trend: Your knowledge about the local property market (where your property is situated) and the prevailing trend there will primarily help you design a plan to sell your house quickly. Unless you are aware of the current trend in your niche market, you can easily be duped here. However, it is important to mention that if your property is situated within the city limits, then the local government such as the municipal corporation has a fixed ceiling price based on which property tax and stamp duty (at the time of selling a property) are collected. Having said that, we mean, such a price can give you a fair idea about the maximum selling price of your property in the market.
Prevailing price: The market forces and the economy greatly influence the property price. As such, the decision to sell your house fast can mature quickly when you fix a price of your property according to the prevailing market price.
The uniqueness of your property: Uniqueness is what that describes your property best in terms of its saleability as well as the price. When you know the uniqueness of your property, you can bank on it highlighting those to the TG (target group).
Type of property: Two types of properties are there in the market namely residential and commercial. The price of both the properties will be different while the sales pitch for the two will also be different. For instance, in the case of a residential property, proximity to the amenities of modern living such as the school, college, hospital, and the airport are important while the same in the case of commercial properties will be like high footfall area, prime road junction, important landmark, transport through air, rail, and road. As such, you should highlight those to your TG alongside other details such as the total sq. ft. area etc.
Value addition: Based on the trend in the market, you can think of adding values to the existing structure. For instance, you can remodel the bathroom or install air conditioning. You can save money on improvement projects if you know how to do them yourself, so if you know how to install air conditioning, for example, all you need to do is find AC units for sale and install it yourself. That way, you’ll save money on labour whilst also adding value to your house. Such an addition will essentially increase the saleability of your property, meaning you can move faster too.
Social media presence: You should upload HD (high definition) images and video clips of your property on the social networking sites like Facebook, LinkedIn, g+1 page, and Pinterest to name a few.
Hire agents: You might want to put a “for sale beacon hill” signboard in front of your house so that your property sells fast. But to accelerate the selling process, you would also need to hire agents. For that, contacting someone from a reputed real estate company like Upstate who has had years of experience in this field could be beneficial for you.
