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Planning to Sell a Condo? Here are Three Things You Need to Know

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“Real estate investment is certainly a vote of confidence on a future activity” -Fiona Sigalla

 

The Philippines has seen a recent boom in the real estate market over the past decade—particularly in the condominium industry. It is no question that one can readily see condominium developments and properties being erected in almost every nook and cranny in most major cities. In fact, business districts such as Ortigas, Taguig, and Makati are premier spots for condominium developments seeing as this is where demand remains the highest. Seeing as condominiums are rife and are growing rapidly in the city, it is almost perfunctory that having a condominium unit to sell makes for a marketable and profitable venture. However, the logistics in the sale condo unit is not like selling a home. There are certain rules you have to consider before you can do so such as consulting the condo management and board for salient information potential buyers might want to see. Furthermore, there are things such as rules for pets, acceptable noise levels and alterations to the unit’s space and appearance may play a crucial role in affecting a potential buyer’s decisions.

So, if you have a BGC condo for sale or any other condominium property to sell elsewhere, here are some things you should consider:

 

1.) Best time to sell your condo

Before you can appropriately select a prime time for selling your condo, it is essential that you have a thorough understanding of how the property cycles move. Knowing so would help you have an idea or at least a rough estimate of how far along the property clock would yield a better profit. Although property cycles are largely erratic, there would be a series of events in which you would see prices rice, fall and eventually stabilize. Apparently, the best time to sell your condo would be during the boom phase or when the prices rise—a market peak that usually lasts up to six months.

2.) Open House strategy

While selling your condo is unlike selling your home, you would still have to stage it well to attract prospective buyers. Take note, a condo that shows well will sell much faster and would yield a better profit. Invest on small cosmetic touch-ups as even these can already make a significant difference. Additionally, if anything should be repaired then get on that immediately. Remember, an open house is an excellent strategy to make an impression—make sure you make a good one and make sure it lasts.

3.) Accentuate Premier features

Not all condominium units are the same; there are some features a unit possesses which others lack and makes it for a salable unit. These are the features you need to emphasize and accentuate to your prospective buyers. More often than not, one of the premier features that make a condo unit so salable is the ease of access that comes with it to everyday life—such is the case of having it in proximity to offices, entertainment hubs, and most offices. Similarly, unique attributes such as the amenities offered—may that be a hot tub by the pool, a fitness center, concierge services and the like should also be considered. Remember, if a prospective buyer is looking to buy a condo, he or she is probably looking for a living experience that is hassle-free and one that they cannot find in a residential house. So, exploit your unit’s best features. In a sense, explain to them what makes it worth it to be living there.

 

While selling a condo might present an avenue for a profitable real estate venture, it would be best if you considered the things above first to be successful in your endeavor. Apart from that, it is imperative to remember that if you want to sell your condo, you must be patient enough to worth through a lot of negotiations before you can successfully close a deal. This means you would spend a lot of time waiting around. However, you will soon find that your patience will reward you once you finally close an excellent deal.

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Real Estate 101: A Brief Guide To Make Your Online Listings Get Noticed

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One of the most common ways to sell a home is through listing it online. Agree? Indeed, it is! In fact, it is one of the fastest ways to publicize your property that is put on sale. And it is amazing how the social media help us achieve in finding the right and interesting homebuyer. Of course, it will be a lot easier to search and make a transaction through online.

However, although listing your property online is a convenient way for you to sell your home, remember, there are also thousands of home sellers who are also competing to sell their homes. Whether you plan to invest in High Park or any real estate property, you will succeed in a competitive world of the online listing when you know who it works. Below are some of the real estate advice on how you can make your online listings successfully get clicked and read.

Do not skimp on the details

The information about your property is one of the most important things that you should not forget to include. What kind of property that you have? How many rooms? How about the kitchen? Does it have a second floor? This might be simple information, but these should not be missing on your details. You have to make sure that your potential buyer can already imagine what kind of property that you are selling just by giving them the exact information about it. And with the given information, they will know whether the criteria of your home fit on their lifestyle or not.

Give complete contact details

Usually, aside from the necessary and essential information that you have given to them, there will be other concerns or questions that they want to ask from you. As a home seller, you have to expect a call and follow-up questions from home buyers, especially buyers who are meticulous when it comes to the property that they want to have. You don’t want to let the opportunity slipped away from you, right? That is why you have to make sure to put your complete contact details.

Give them the best photos

Your photos are as important as your information. It doesn’t matter how detailed and convincing you are when it comes to the information that you gave to them, but if you don’t have any pictures to prove what you are talking about, then it is useless. And homebuyers will not be impressed when you don’t have the right and best angle in your photos. If you think that this part your property has an appeal and is unique, then you have to flaunt it by taking pictures of that particular angle. Good pictures are there to tempt them to decide and buy your property. That is why you should have your best shot!

Sell the neighborhood as well

Aside from your property, what interests your potential buyer the most is the neighborhood. Of course, they don’t want to compromise the quality of lifestyle they will be having. They are mostly concern about what kind of surroundings or community your property belongs to? What kind of people are they going to interact if they decide to buy your property? Is it safe for the children to play and roam around? When they know that you have a good and friendly community, there will be higher chances that they will buy your house.

Do not forget about the price

The price of your property found in your details serves as a deciding factor of your potential homebuyer. This is the time where they will decide to buy your property or not. However, if you don’t include the price on the listings or in your information, your potential buyer might think that your property is overpriced. Of course, you don’t want that, right? Also, you should also state whether the price is negotiable or fixed.

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FOUR SELLING FAUX PAS OWNERS COMMIT IN SELLING THEIR HOMES

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People who prefer to get the full profit of their home’s worth would rather sell their homes by themselves rather than entrust it through a broker and have to deal with pay cuts. And since shopping through the Internet has become a rather trendy thing where you can find even the rarest finds online, homeowners wishing to sell their homes have exploited this technological advancement to its maximum advantage. This remains to be a stiff reality even with the downturn in the real estate market, and more and more people think that they can do a better job of selling their homes than the pundits who have been in the industry for years and who have had far more experience than they do.

While selling your homes on your own is not exactly an impossible feat, you may find yourself disappointed with the slow pace or sale you may be getting owing to your inexperience and ineptness. Considering that most of you are novices when it comes to selling homes on your own, it can be easy to commit several faux pas when it comes to pricing our homes, but it is nonetheless, it is a mistake that can easily be rectified. However, before you go on selling your home on your own, it would be great to have an idea of which mistakes to avoid so that whether you are selling your Makati condo or your swanky apartment from uptown, you would be doing it right.

So if you are planning to sell your homes anytime soon, here are the common faux pas you should be avoiding:

1.) EMOTIONAL PRICING

One of the mistakes a homeowner commits in pricing his homes is emotional pricing where he prices his home based on nostalgia and sentiment rather than its real value. This is not necessarily a bad thing but if you are listing it at an exorbitant price for which the buyer will not be getting much value at, you will be disappointed with your lack of potential buyers. Homeowners have this propensity of viewing their property with emotional attachment and because of this, inflation in price –when experiences as a child are considered—will ensue. Do remember that although your memories may mean a lot to you and may mean something of value (may it be through your various decorative touches throughout the home), this is not necessarily true for your potential buyer, and they may not share the same sentiment. Price your home as if you are looking at it from a broker’s standpoint and not an owner’s.

2.) INSISTENCE IN NOT GETTING HELP

You may be selling your home on your own, but that does not mean you are selling your home entirely on your own. At the most, it means that you will do some or all of the work involved in finding a buyer, complete the transaction in the hopes of saving all of or part of an agent’s commission. But this does not mean you will disregard any sort of assistance that could potentially help you. Remember, in this age of technology sources of information and support are available almost immediately and at the click of a finger. If you do not take advantage of this, you will be putting yourself at a disadvantage. To be a savvy seller, you should know when to seek help when you need it.

3.) IMPROPER STAGING

Buyers can be very discerning and discriminating when it comes to buying homes considering that they have a plethora of houses to choose from. So with this in mind, you have to stage your home correctly in order to entice a potential buyer to buy from you. Impressing a buyer does not always take much as simple things such as paint, good flooring condition, cleanliness, uncluttered walls and well-lit rooms are already a few nondescript but imperative things that would impress a buyer. If you are unsure of the best way to stage your home for viewing perhaps hiring a professional would be best so that they can advise you on the changes you can make to not only attract buyers but keep them interested enough to make an offer.

4.) INSUFFICIENT PHOTOS

One thing you must remember when you are selling your home is that you are trying to attract potential buyers and hopefully have them make an offer. Considering this to be the case, you should be sure to put up adequate photos online that buyers seeking for homes to buy online would be able to do a virtual tour of your home—one that would eventually get them to see your property in person. Showcase your home at its best and choose the best photos to upload.

Tips For Putting A Christmas Touch In Your Home To Make It Sell Fast

Making your home look more in tune with the holidays can be a daunting task, especially if you have no experience or background in interior designing. For those who are also aiming to sell their house, doing so during the holiday season can be doubly daunting because of the many expenses associated with this season. However, there are some ways to make that task a little easier to bear. Putting a Christmas touch in your home will make it more appealing to many potential buyers and the extra décor just might make a family want to buy your house immediately to be able to spend Christmas in it. Below are some tips to help you.

Paint it green and red

Red and green blots of watercolor paint

One way to give your house and lot in Lipa or anywhere else a Christmas feel is to paint it with Christmas colors. If you don’t mind getting dirty, you can paint whole walls in your house red or green. However, if you’re thinking of something a little less permanent, then tinker with some red and green decals or wallpapers. On the other hand, if you like it subtle, you can also just put some red or green highlights instead of a full wall décor or repaint. In any case, the colors will add to the Christmas mood you want to attain.

Hang Christmas decors

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If the paint doesn’t get the job done and you’re still willing to go for a more detailed approach, then go set up the Christmas decors – stockings, bells, mistletoes, wreaths, lanterns, and lights.  It may be difficult once you have moved out of the house you are selling but you can leave some Christmas decors so that the house will still look festive.

Put up a tree

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Again, this might be weird if the house you are selling has been empty already, but having a Christmas tree in it will make t so much more interesting and appealing to potential buyers. It puts a homely and cozy feel that you cannot easily feel with other unadorned Philippine real estate properties. Make it an extra bonus to give away the tree and all the Christmas decors you have put up to the buyer of your house. The new owners will definitely remember how the house with the Christmas tree and decors made them fall in love with the house. This can make anyone want to make more Christmas memories in the house.