Buying and Selling Real Estate in a Difficult Market | Real Estate ...

Posted by Chris Apple in Buying A Home, Guest Posts, Selling Your Home | 0 comments

Although it can be a challenge to sell property when the market is difficult, when you think creatively, everything can change. If your property is located overseas, think about the different avenues in private property sales that you might have available. For example, look into the cost of sale. If you are working with overseas properties and estate agents who work at between 2 and 4 percent commission, it is possible for you to conduct private property sales, work with property auctions, or work online with owner sales of houses, as long as you haven?t signed any contracts prohibiting the aforementioned ideas. This will occur with much less money coming out of your pocket, which will help you to spend less money in the marketing of your overseas property.

Consider the alternatives to using a Real Estate Agent

On the other hand, if your property is located in London, it is still possible to keep that property with Estate Agents, but you might also want to consider London online property auctions when looking for another route for private property sales. A benefit of working through property auctions London is that they are more likely to attract additional buyers in these areas, including buyers who are interested not only in houses for sale by owner but buyers interested in property auctions. These transactions may then occur at reasonable prices. In contrast, live property auctions London usually only attract more serious buyers who feel they are in control of their bidding when bidding at property auctions.

Property Auctions

Also keep your eyes open for overseas property auctions, as there are a number of expatriates around the world who are making plans to return home at any given time. These people usually sell and buy Costa del Sol properties, which may be properties in the UK, but also in Spain, Turkey, Bulgaria, or anywhere else in the world. The point is that these properties may be bought before or after their properties have been sold.

Compared to live auctions, property auctions that are closed bids can result in much more attention for people who are selling homes that owners have placed on sale. Therefore, if you are dealing with homes for sale by owners and are interested in making the most of your opportunities, then you should consider setting your property up in online property auctions to supplement your income. The cost does not have to be very much, and low commissions might be present. There are even cases where you will not have to pay more than once, and if you do not have sales of properties in initial auctions, then your properties will simply be re-entered into future auctions until they have been sold.

Use Multiple Real Estate Agents

To facilitate making home sales as quickly as possible, work with multiple real estate agents rather than with just one. If your primary agent does not update the presentation of your property relatively frequently, then put in requests that such refreshes are put into place more often.

It can be a challenge to buy properties in difficult markets since many properties that typically would be on the market are withdrawn when owners find themselves unprepared to compete with lower prices. If you are interested in purchasing properties in such markets, you might be able to do so easily through browsing online property auctions London, as well as through checking out property auctions and private property sales in other places.

Andrew Potter works for My Online Estate Agent, a UK online estate agency. Andrew has over 15 years experience in the property industry. My Online Estate Agent provides in wealth of information including how to advertise on Rightmove, Zoopla, Prime Location and Find a Property.

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2. Should I Use a Real Estate Agent to Sell My Home?
3. 10 Sites to Visit Before Buying a Home
4. Should You Leave your House on the Market During the Holidays?
5. New Website Helps Agents with Short Sales

Tags: london, selling, overseas, buying, Real Estate, property

Source: http://realestatecommunities.com/selling-your-home/buying-and-selling-real-estate-in-a-difficult-market/

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