Skip to content

The Art Of Buying And Selling A Property

Trying to sell your property can prove to be an overwhelming task. The same thing can be said for those looking to buy a new house to settle their family in. A number of factors need careful consideration price, location, safety, size, style. Nowadays, there are people particularly trained to help you do the job of buying or selling a property estate agents.



Estate agents are responsible for marketing and promoting residential, commercial, or rural properties. They perform the role of negotiators between buyers and sellers. An estate agent should be up to date with the latest trends in property market, aware of current sale prices for comparable properties, as well as fully knowledgeable of the area they are assigned to. Estate agents should also have a good local knowledge of the area in which you are buying and selling. Its no good using good estate agents in Sussex if you want help with properties in Kent, and vice versa. This helps a great deal in advising clients who want to sell their property or guide buyers in deciding about a real estate they want to purchase.

Buying a Property

Home is where people get to unwind after a long, nerve-racking day at work. It is a safe refuge from the day-to-day grind of life. Therefore, buying a house entails huge preparations. A list of preferences in a house plus essential features are absolutely important. It helps buyers refrain from purchasing a property because of love at first sight. Another crucial factor is the budget. Before acquiring a property, buyers should thoroughly assess their financial capacity and situation first to see if they can actually handle all costs and repay loans on time. Aside from the actual price of a house, buyers also have to make an allowance for additional expenses such as mortgage, land transfer fees, legal fees, home insurance, etc. If using an estate agent, ask for a comprehensive list of the approximated closing costs.

Property inspection is also a must when purchasing real estate. The initial visit will reveal the present condition of the house, as well as give buyers a feel of the local area. It is advisable to do further visits to a property before buying it. This will allow buyers to inspect if there are architectural problems or if repairs are necessary.

Selling a Property

When selling a property, sellers can either go solo or ask a certified estate agent to take care of the property sale for them. If a seller chooses to use an estate agent, they will recommend a selling procedure according to the current status of the market, propertys type and location, and the timeframe and preference of seller. Once that is settled, proceed to setting a price on the house. This part should be handled wisely, hence it is recommended to do a meticulous research about current property prices and factors that affect its rise and fall. Sellers can also ask estate agents to do an appraisal of the property. Adding 5% to 10% to the amount sellers are willing to accept will give them a good buffer in the event that potential buyers try to bargain for a discount.

Being well acquainted with the various aspects of the property market will help buyers and sellers make informed decisions.

Trackbacks

No Trackbacks

Comments

Display comments as Linear | Threaded

No comments

The author does not allow comments to this entry

Add Comment

Form options