Selling your property is a complex, multi-step process that calls for the expertise of a Broker or Agent. You’ll need to consider many things and to help you through it, here’s a general overview on what to expect and prepare.
Get Your Property, Documents, and Taxes prep up and paid
The property should be prepped up for the selling stage. Documents are all good from title and all tax declarations, it should be ready for transfer. All taxes on the property should be paid up and OK.
Meet With a Trusted Real Estate Professional
It’s essential to partner with a Real Estate Professional you feel completely comfortable with. Don’t fall for the trap of partnering with the first Real Estate Professional who suggests the highest asking price. Shop around. A good Real Estate Professional can help you price your property to sell, answer questions like “When is a good time to sell?”, “Who is the best prospect for my property?” and has in-depth knowledge of the market.
Start your search for a reputable Real Estate Professional by checking if family and friends have a preferred broker or agent or search online for the most visible and professional one. Visit your local real estate office; pay attention to advertisements and For Sale signs on establishments.
Listing Your Property
Pricing your property too low or too high is not an option. Setting a FAIR PRICE will attract more potential buyers, and give your property better exposure. Your Real Estate Professional should be able to explain the multitude of factors influencing pricing, including comparable pricing, current market analysis, and of course the estimated value of your property.
If you would like to have more in-depth and proper pricing on your property have it appraised by a professional Real Estate Appraiser under PRC (Professional Regulatory Board)
Marketing And Promotion
The next step will be to sign an Authority To Sell, which gives your Real Estate Professional permission to post your property on Multiple Marketing platforms. They’ll then begin marketing your property through a variety of mediums — digital and traditional — and inform other Real Estate Professionals (representing buyers) that your property is now available in the market. Your Real Estate Professional can also help you prepare your property for staging.
Closing
After the hard work of marketing and promoting your property pays off, you’ll hopefully have a few offers. Once you accepted an offer from the best buyer. Finally, your Real Estate Professional will walk you through the paperwork and legal bits needed to close.
Congratulations! With the sale of your property, you can now begin to re-invest or enjoy the fruits of your deal.