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If you own any type of property and have thought about selling it there are many questions that you will need to answer; chief among them is: Is now really the right time to sell my property. This is the question that all sellers have to answer for themselves. Having a real estate agent to talk to and work with will help you to answer this question. There is one very powerful determining/deciding factor is the current real estate market; which goes hand in hand with the local economy. Is this the right time to sell; or would you be better off waiting for a while?
Once you have started thinking about selling your property, you need to contact a real estate agent to find out what the property is worth and if it is the time to sell. Have you gotten a Comparative Market Analysis (CMA) and/or appraisal of your property to find out what the real value of the property is? This is the next thing is line to determine whether to sell or not. Both a CMA and an appraisal look at the listing and selling prices as well as characteristics of properties similar to yours. Once you and your realtor know what the property is worth you can start figuring out exactly how to effectively market the property to get the best exposure and the best buyer for the property.
Do you have any idea how soon the property will be sold? I will have a pretty good idea to that once I sit down with you and crunch a few numbers. When you and I sit down to go over all of the numbers there is a lot of information that you will need to bring with you so that I have all of the information I need to begin drawing up the listing forms and agreement. I will also do a very thorough walk through of your property to get a good idea of exactly what it is that I am marketing and trying to sell. Setting a reasonable listing price is something of an art with quite a bit of science and calculation mixed in.
The biggest determining factor when it comes to when to sell your property is actually a combination of your wanting to sell the property and whether or not the market is good enough to sell your home. Can you see yourself living in another home? Do you need to move into a larger or a smaller place? Can prospective buyers see themselves living in your home and making it their own? Do they have the means to buy the property outright? All of these questions need to be answered; and will be during the listing duration. Here again, whether or not your property will sell quickly all depends upon the current real estate market; and this is what we constantly strive to keep track of. Properties will take longer to sell in a slow market or if they are not priced right.
Buy, Sell, Rent, Invest, In Singapore
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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