Wednesday, 27 April 2011

Selling Your Home - Items To Bear In Mind

By Andrew Johnson


Selling your apartment is different than selling a home, as you are most probably marketing your unit to a younger market that values convenience and low cost. Plus, apartment complex or condo units may have additional amenities that house and lot units may not have such as gym, swimming pool, etc.

Prepare your apartment for viewing by hiring a cleaning service to spruce up your unit and if your budget permits. If it is not in your budget, simple steps such as organizing and keeping "stuff" around the house to a minimum can make your house much more attractive to future tenants. Remember to stage your apartment to make it appear spacious to potential buyers. A clean and spacious apartment will be appealing to prospective buyers.

Potential buyers pay great attention to the bathrooms and kitchen. You will want to pay particular attention to these areas by ensuring they are clean, appear homey and are free of damage. Make any repairs necessary in these areas before you begin to show your apartment. You may also want to consider hiring a home inspector and/or electrician to make certain that all your electric lines are up to code and in good shape.

Make a list of facilities that make your apartment ideal. Check your area and see its proximity to easy and cheap transportation and availability of jobs. These amenities are very important to determining a higher value for your home.

Go around your area and check out other apartments that are for sale and set your asking price accordingly. Obtain the services of a professional valuation service too. Appraisals can be helpful in generating competitive prices in order to better sell your apartment to a potential client.

Once you have identified your selling points you will want to highlight these in brochures and fliers. You can use phrases such as "Apartment Available Minutes from X" or "Why Not Live Near X." Post your fliers in areas where lots of people congregate such as office buildings and public transportation terminals.

You will want to make sure that you get permission before hanging any fliers or brochures. You will also want to make sure you get the word out that you have an apartment for sale. Talking with your friends, relatives, and coworkers may be beneficial in finding someone suitable to purchase your apartment.

If you are having trouble getting prospective buyers viewing your apartment or don't have a lot of time to market your apartment, you may want to enlist the assistance of a real estate agent. A real estate agent will have marketing tools that you may not have or they may already be working with someone who is looking for an apartment like yours. Either way, remember, a real estate agent works on commission so they may also sell your home for a higher price.




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