Are you a homeowner looking for quick sale? Know your competitors

Are you trying to sell house yourself? There are many homeowners who sell their house without anybody’s help. You can also choose to be a self-seller. But before you hit the market make sure that you have a fair idea about the property market. You should also know the basics of property selling like how to market your property, how to set the asking price etc.

Above all, you have to know your competitors. That is the best way to figure out the winning strategy. Once you know the strengths and weaknesses of your competitors you would realise what to do and what not.

Here is a list of competitors; home buyers often explore these options when it comes to buy houses.

1] Property auctions: Everybody knows that cheap properties are available at property auctions. So chances are high that potential buyers are attending these property auctions. However, properties are usually sold at much lower rates than the market standard here – so homeowners might not get satisfactory return.

2] Bank owned properties: Banks sell the houses that they repossess when the borrower defaults on the loan. Banks then sell these houses to get their money back. Buyers often take interest in such sales and buy houses at much cheaper rate than market standards. Homes that are already repossessed can be purchased in this way.

3] Estate agents: This is the most common option when it comes to buy houses on the open market. Estate agents connect the buyers with the sellers and help to find the best deal. Estate agents charge commissions when a deal is closed; they can perform well when the market is in good condition.

4] Property listing websites: This is a new way of searching for homes. One can search for homes from anywhere. Homeowners list their property details on the home listing websites so that potential buyers can find them easily.

Now, it is up to you which way you want to go. You can sell your house on your own and complete all the formalities – from marketing to conveyancing. OR you can choose any of the above options to make things easier for you. But remember that none of the above options can fulfil your requirements 100%. Either you have to compromise with the price or spend a lot or have to take care of some essential formalities.

But there is a fifth alternative; you can sell your house directly to the property buyers. A property buyer takes care of all the formalities and offers you a hassle-free sale. From marketing to conveyancing – everything is taken care of by the buyer.

Share and Enjoy:
  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks

Tags: , ,

Leave a Reply

You must be logged in to post a comment.