Make sure your property sells or rents quickly with this quick guide.
Whether you are selling your condominium in Jakarta or trying to rent out your villa in Bali competition is stiff in the property world. There are endless choices out there for investors and renters so it is important that your property grabs the attention of them. Follow these simple steps to make sure this does not happen by ensuring it stands out from the rest of the market.
1. Take time to carry out some research.
Before you put your property on the market make sure that you take time to check out the competition. Have a look at Dot Property online for comparable properties. Speak with real estate agents to gather their view too. You will then be in a better position to be able to gauge the market, its demands and the price you should expect to achieve. If your property isn’t shifting, don’t just assume that by reducing the price that should speed the process along. Properties in better condition, so see what specification comparable properties have to gauge what your property is up against to stand out from the crowd.
2. Never underestimate the power of good presentation and photography.
These are two key variables in getting someone to view the property. A user will immediately pass on a property which does not look great online. So check out our helpful guide online on how to take a good photograph to entice your potential purchaser or renter online before they have even stepped foot inside! Remember you will need to make sure that the property is presenting in tip top competition for the photographs as well as for viewings.
3. Avoid following the crowd.
There could be more than one unit in your building on the lettings market at any one time. All owners hoping to achieve the best rental yield possible. If this is the case you really need to make your property stands out from the rest. Whether this is by fitting much needed storage, upgrading the kitchen or creating a feature wall. You need to try and offer something a little bit different that will appeal to the market.
4. Give your agent a helping hand.
Make it easy to sell or rent your property. Where possible make sure access is straightforward so real estate agents can show people round without having to spend half a day tracking down keys – if it is too much hassle to get in the property, they probably won’t show it but the one next door instead. If you can, leave a set of keys with the concierge, juristic office or even with the agent. Also make sure your agent has up to date contact details for you so that they can make contact with you quickly. Don’t forget to let them know if you are going on holiday or if there is a time that they you will have limited access to your phone or emails. You would not want to miss out on an offer because the agent can’t get hold of you.
5. Finally, be open to offers.
Last and by no means least, remain flexible. You may receive an offer that is subject to certain conditions but do not be put off by these. Weigh up the conditions against the rest of the offer especially if they can move soon. If a renter wants the property painted white, then calculate the cost of this versus if the property was left empty for another month. Those that remain flexible will find that it pays off financially in the long run. Even if someone has offered slightly below asking price, calculate whether this reduction in rent over the course of the year cancels out any potential void period whilst waiting for another offer.
