Thinking of selling property in Singapore? Well, here’s some good news and bad news for you. The good news is that people are always interested in buying property. Land is a worthwhile investment after all. The bad news is that the country’s property market is now more affordable than ever. So, there’s a huge chance that you won’t get the return on investment you’re expecting.
- You’ll sell your property faster with a property agent.
Most people who want to earn money from their property are (not unexpectedly) reluctant to spend money to get the ball rolling. If you’re one of them, you may have to reconsider your options. A property agent has the experience and necessary know-how to find your property a buyer as fast as possible. Here are some of the advantages of seeking expert help:
- Property agents are familiar with their area.
- They have many contacts that your venture can benefit from.
- They can help you iron out any hitches in your property’s paperwork.
- They can give you advice regarding property improvement.
- They know how to pitch your property well to interested buyers.
- They are well-versed in the various legal processes involve in selling private property in Singapore.
Given these advantages, it goes without saying that you’ll also save a lot of time, money, and effort with their assistance. So, consider hiring a property agent.
If you do decide to secure expert help, follow the tips below to find the best in your area.
- Search for property agents that are experts in your particular property type.
- Ask your prospective agent for information about their previous closed transactions. They should be more than happy to accommodate your request.
- Do your homework and dig up their track record. Verify their background by visiting the Council for Estate Agencies (CEA) website. Find out if they’re licensed and if they’ve been subjected to or involved in any sort of disciplinary action in the past.
- Consider your family and friend’s recommendations. If you know someone who sold property before, ask them for their property agent recommendation.
- People are more likely to take your property ad seriously if it’s not stingy with its details and pictures.
Most buyers are cautious when it comes to surveying potential properties. And they have good reason to be given the prevalence of property scams. So, don’t give them a reason to doubt your ad’s credibility.
Upload pictures of your property featuring its many amenities. Interested buyers often request additional pictures, so make sure you have lots handy. Don’t forget include the pertinent details of your property such as its size, price, and the like. If you’ve hired an agent, make sure you keep them posted regarding your sales ventures.
- It’s critical that you price it right.
When you have property to sell, it pays to be in the know regarding the current market price and valuation. Price it too high, and you’ll repel potential buyers away. Price it too low, and you’ll get less than what you should have.
Some sellers advertise a price that’s a bit higher that their target revenue but say that they’re open for negotiations. That way, when interested buyers inquire about it, they’re lower price offer will be closer to their target. Hire a property agent to learn more useful strategies.
Consider these tips carefully, and you won’t have to reduce or let go entirely of your children’s inheritance.
