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How to Save Money When You’re Selling Your Property

By Mich

house for saleSelling your home can be stressful, time-consuming, and also pretty expensive. Although there are a thousand possible reasons that could be behind your sale, financial troubles do tend to rank among them, and this means that ensuring a cost-effective transaction can be essential. Even for those with money to burn, gaining the greatest possible profit will be high on your list of priorities, so knowing how and where to save your capital is good news all round.

Unfortunately, a lot of people don’t know where to start. With the exception of professional property agents who buy and sell on for a profit all of the time, most of us have little experience of marketing or selling our homes, and this makes us pretty clueless when it comes to saving money. Luckily for you, we have some great advice to help…

Choose Your Agent Carefully 

A lot of people assume that the majority of estate agents will deliver a very similar service, but this is far from the truth. The property sphere is highly competitive, and prices can vary wildly between different businesses, as can expertise, rates of success, and the overall package that you’ll receive. This means that it’s very important to really consider your options before committing to anyone, making sure that you look at online and high street agents alike. Compare quotes, work out costs, and make the best decision for your budget.

Price Your Property Realistically 

Many sellers follow an erroneous strategy when it comes to pricing their property. A common yet incorrect conception is that in order to achieve the highest figure possible, you need to price your home for more than it’s actually worth. The theory is that this will provide you with some wiggle room, ensuring that you can get a great price even after negotiating with your buyer. The truth is that most potential purchasers will actually discount your property on this basis, dragging our your sale and increasing the fees that you’ll have to pay. To save yourself some money, try to gain a realistic estimate of the value of your property, price it accordingly, and speed up the selling process.

Take Advantage of Social Media 

Thirdly and finally, why not try taking advantage of social media and the internet? Research has indicated that 95 per cent of people now start their property search online, and this is one of the key selling points in favour of online estate agents. However, if you really want to take matters into your own hands, then why not give your sale a shove in the right direction by advertising on social media? Free and easy to use, try sharing your house on appropriate Facebook sites, looking at online property forums, and making sure that the right people see your home.

Save money on your sale today with these simple tips and tricks.

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Filed Under: Growing Your Wealth, Real Estate

About Mich

Mich is your typical middle class guy with a house and 2 kids minus the dog. He works in the IT industry and likes to muse about how to achieve more for less when it comes to money.

About Invest It Wisely

Invest It Wisely is about evaluating the choices that each of us face everyday. It’s about investing your time, your money, and your energy wisely, in order to achieve your goals. The end goal is maximizing your life expectation, and exploring the ways to get there.

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