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How To Sell Your Fixer-Upper For The Highest Price In The Shortest Time

Aug 17, 2007
Getting the best price for your fixer-upper greatly depends on the way you promote it in the market. To sell your fixer-upper for the highest price in the shortest time, you need to understand the main factors that influence the saleability of your fixer-upper.

Presentation
It is a crucial factor, as buyers' decisions are generally governed by first impressions. A well-maintained house with pleasant interiors is a prerequisite to enhance the looks of your house. You can adorn your house further with stylish furniture. Before advertising you property, make sure that the lawns are mowed and the fences are neat. Ideally, the exteriors should be painted in cheerful colors to give it an inviting look.

Selecting the right agent
Many investors are relatively new in the real estate game. Having a good real agent by their side can be of great help, as he is knows the market like the back of his hand. He will advertise your property in the market and bring in prospective buyers. A good real estate agent is often a very good negotiator as well. It would help to get a multiple listing service (a MLS), however, a license may be required in many places.

Price
Although all homeowners are eager to sell their property at profitable rates, there are certain parameters that determine the price of a particular property in the current real estate scenario. Generally, homeowners are disappointed with the price they get for their house, as they have unrealistic expectations. If you are planning to sell your property and immediately purchase a new one, then sell it as soon as the offer made is close to your estimated price.

The price of any property is based on the location and the current market position. It is likely that a particular property may fetch a much higher price in a couple of years. To decide when to sell requires a good understanding of the market trends.

To get a fair idea of the current fixer-upper rates, check out with people who have recently sold their houses in the same locality. The competition in the area can also influence property costs. For instance, if your house is the only three-bedroom house offered for sale in your area, then it is likely to fetch a very high price.

Having a good promotion strategy is very important. Your property should be prominently advertised through signboards and local advertising sources in order to catch the attention of prospective buyers.

The type of buyer is also a significant factor. Real estate professionals emphasize on the importance of 'Comparative Market Analysis' to decide the right price of a fixer-upper. Advertising is crucial to sell your property at the higher prices within a short period. The Internet may be your best source to promote, and sell fixer-uppers.
About the Author
Discover exactly how Sal Vannutini combined two of the easiest (yet brutally powerful) real estate investing strategies and made an insane $31,510 Profit In Just 49 Days... And How You Can Do The Same!". Visit http://www.FixerUpperFortunes.com.
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