Let’s face it, even if you own a great investment property with $75,000
in equity, that equity won’t pay the bills…it’s not in your bank account…bottom line, you can’t eat equity. So to realize your profit, you need to sell the real estate.
The following tips could help sell your investment property quickly. 1) Keep the price fair. Sure, you want to make the most it. But unless you’re in a rapidly appreciating market, your business is better off if you offer a competitive price. It’s always better to make a fast nickel, than a slow dime. 2) ‘Virtual’ tours - More than two thirds of buyers research potential real estate purchases online now. 3) Landscaping - Creating curb appeal can fetch up to 15% more. Hint: many flower businesses and nurseries offer free advice to help turn a yard into a sensory delight for buyers. 4) Indoor decorations - Add some plants, which reduce air-conditioning costs by up to 25%. Plants also look great and keep the home beautiful, created a caring, lived in feeling. 5) In-ground sprinkler systems - (for upper and middle class neighborhoods only). Again, you're investing in real estate. While sprinklers are pricey, they help encourage a sale in mid to high end homes, and can
boost your profit considerably, bringing you closer to making money from home. 6) Create more space - By painting walls a pale color, gives the illusion of additional space. 7) Check what's underfoot - Make sure the floors are like new. You can buy used carpet from model homes but has not been worn. Hint: A rug with horizontal stripes can make a narrow hallway feel
wider. 8) Paint - You’re investing in real estate. You’re investing in yourself. It’s the best way to make money from home. So add the odd warm shades such as yellow, red, and orange to the real estate to throw off a cozy feeling. Hint: the aroma of fresh paint gives off a new home feeling. 9) Clean storage spaces thoroughly - Clutter’s bad. It's just good business sense. 10) Staging - Create a “homely” atmosphere by renting furniture and/or hire a decorating professional to do it for you. Staged houses sell more quickly and for a higher price
3 BONUS Tips: Follow the 3-D's in your real estate business when selling a property: 1. declutter; 2. Depersonalize - remove personal items so buyers can picture themselves in the real estate; 3. Deep clean using a professional cleaning service.
By doing even half of these tips, your chances of selling your investment real estate is far greater and quite possibly, will be more profitable.
Mary Wozny is the author of "How to Build Your Families Million Dollar Real Estate Empire", specializing in providing quality training and information products teaching women, families, and investors how to accomplish their goals and build wealth with real estate, creatively, legally, with little risk. She is the founder of www.MillionaireRiches.com & www.MyRealEstateClassRoom.com, showing people how to be vibrantly healthy, wealthy and financially free through real estate & residual income.
Please Rate this Article
Click the XML Icon Above to Receive Investing Articles Via RSS!
