Sell Fast Or Make the Most Profit?What to Know When It"s Time to Sell Your Real Estate Property
When the time comes to sell your property, there are two things of utmost importance in your mind--sell fast and for the highest profit possible.
But do you know how to do that? It's not an exact science.
The deal that is most profitable for you may not be what is most profitable for someone else.
If you want to sell really quickly, you can deeply discount the price and flip the property to an investor or other interested party.
If you're paying a large monthly mortgage payment or have a high interest construction loan, this may be your best choice.
On the other hand, if you've decided to hold out for getting market value, so you will get the most profit or the best price, there are several different options.
You can sell For Sale By Owner, hire a Realtor, or use a combination of some Realtor services and some that you do yourself.
Real estate agents can be very helpful or not particularly helpful at all.
If you don't already have a hard-working Realtor to work with, you need to find one.
Some do a lot of promotion for their clients and that is the type of realtor you want.
If you will be doing a lot of the promotion yourself, here are some of the tools you can use to get exposure for your property:
It always surprises me when I see a "For Sale" sign in front of a property without a flyer or brochure in a covered box.
Why? Because a prospective buyer will take that flyer.
He or she will be able to look at the details about the property and decide whether it might be the building or home they want.
The address, phone number and contact information are on that flyer as well as a photo to help them remember the property.
But do you know how to do that? It's not an exact science.
The deal that is most profitable for you may not be what is most profitable for someone else.
If you want to sell really quickly, you can deeply discount the price and flip the property to an investor or other interested party.
If you're paying a large monthly mortgage payment or have a high interest construction loan, this may be your best choice.
On the other hand, if you've decided to hold out for getting market value, so you will get the most profit or the best price, there are several different options.
You can sell For Sale By Owner, hire a Realtor, or use a combination of some Realtor services and some that you do yourself.
Real estate agents can be very helpful or not particularly helpful at all.
If you don't already have a hard-working Realtor to work with, you need to find one.
Some do a lot of promotion for their clients and that is the type of realtor you want.
If you will be doing a lot of the promotion yourself, here are some of the tools you can use to get exposure for your property:
- Yard signs
- newspaper advertisements
- brochures or flyers
- websites
- video tours
- online pictures
- open houses.
It always surprises me when I see a "For Sale" sign in front of a property without a flyer or brochure in a covered box.
Why? Because a prospective buyer will take that flyer.
He or she will be able to look at the details about the property and decide whether it might be the building or home they want.
The address, phone number and contact information are on that flyer as well as a photo to help them remember the property.