Some Factors to Consider When Selling Apartments
Selling a bungalow or mansion is totally a different ball game than putting up an apartment for sale. This is for the main reason that buyers between an apartment and a home is totally different.
Some guidelines can be followed when one is selling an apartment.
First consideration is to know how much the apartment is worth when you are selling it. This is because if you are asking for a price which is higher than the property’s current value, people would know this and there will be no interested party for your unit, and if you will make the price lower, they would conclude as something is wrong with the apartment. Therefore, it is advisable that you set the price that seems fair and at the same time will give you profit, enough to generate interested buyer for the apartment. If you think you cannot make a fair estimate, you can get a professional help to guide you.
It is better that all amenities are listed when you offer an apartment. These amenities may be the number of rooms, the designs of the unit, parking allotment and others. It is also good to state the location of the apartment like if it is closed to the road, shops, hospitals, schools and others.
The marketing stage is considered as the most important part of the sale. It is advisable to draft advertisements containing all features being careful not to include those things that are not present in the unit as potential buyers might look for it and will be turned off when these are not actually present in the unit. Showing pictures is a good idea as this will give a clear idea about the unit and call help buyers decide whether to see the actual unit or not. Remember to use eye-catching words when you make an advertisement. Some of these eye-catching phrases are like walking distance from, security, available parking and so on. There are several venues where you can put your advertisements, like on different newspapers, online, social gatherings, bus or train or gasoline stations, and by giving to friends who can help distribute the advertisements.
Try arranging for the viewers to see the unit at the same schedule, and in most probability it will help them to make their decisions faster since they see the other parties as competition. You will be surprised that you do not need to convince the buyers because the presence of the other competitor will make them think and act fast.
Pricing the unit may be difficult for you and so it is advisable to get the help of a real estate agent who has a wide experience in the industry.