SHOULD I SELL MY PROPERTY ONLINE?

There are two ways you can take when selling a property. The first is to hire a real estate agent to do the work for you. You sit back, relax and let the real estate agent find the buyer for you. He will handle all the paperwork too. However, real estate agents demand a commission fee once the sale has been made. Of course, you have to pay for their services.

The other way is to simply do the selling yourself. Some think this is a simple thing to do.  If you have a computer and an internet connection, selling a property online can be done alone. OR NOT. Without proper knowledge on how the real estate market works, you may end up losing money instead of gaining it. Yes, it is better to utilize the Internet to sell a property --- but it is still best to do it with the help of a trusted real estate agent.

Here are the advantages of selling a property online:

ü  Inexpensive. Posting your own ads online is actually cheaper than posting ads in the real world. There are plenty of real estate property sites that offer their services for free. You just have to pay a little if you want some upgrades to your account. Posting your online ads enables you to reach a wide audience. Plus, once your ad is up, everyone can take a look at it anytime and wherever they are.

ü  More attention. Since you can reach a wider audience easier, you will receive more attention too. And you will get this attention without even spending much on advertising in newspapers or real estate classified ads. You’re just sitting back and waiting for people to contact you.

ü  Less work. Turn on your computer, connect to the internet, find a website to advertise in and that’s it. This is significantly less work than getting an advertisement offline. In real estate sites, they already have a template to work with, so you pretty much just fill all the information need and upload the photos.

ü  Direct contact. People who are interested in buying your property can directly contact you. Without a middle man, it hastens the business transaction as questions and inquiries will go directly to you.

Tam Bay Realty LLC

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com

Selling Residential and Commercial Property: 5 Valuable Tips to Remember

Whether you are selling your own property or selling properties for other people to earn money, there are important ways to go about it. Often, the same rules apply to residential property and commercial property.

So, if you want to know how you can seal the deal, here are five valuable tips to remember:

1.       Know what you’re selling.

Just like any salesman, you have to know what you’re selling. You can’t just upload a photo of the house, put a description and that’s that. Selling property requires knowledge from you, knowledge that you can use to entice a buyer to buy that property you are selling. Know the facts. Never appear unsure to a buyer.

2.       Get the right photos.

If you’re selling property online, make sure you have high-resolution photos. If you have the extra cash, hire a professional photographer to take great shots of the property. Every buyer looks at the photos closely and if they like what they see, that’s one step closer to sealing the deal.

3.       Make sure the property is presentable.

When a buyer is interested in the residential property or commercial property you are offering, they’d ask you if they can see the place personally. Of course, you will oblige. Make sure the property is presentable. There shouldn’t be trash lying around and there shouldn’t be any clutter either. Remember, first impressions always last and you need to nail that.

4.       Be open to negotiations.

Sure, you may already have a price in mind and you’re committed to getting an amount of commission or ROI. The problem is, if you’re not open to negotiations, the buyer may just think twice about dealing with you. In these situations, buyers and sellers should have an open mind. The ideal solution is for both parties to come up with a deal that will be fair for both.

5.       Get the paperwork ready.

When selling property, you must prepare all the paperwork already in case a sale happens. Nothing is more inconvenient to a buyer than having to wait for the seller to fix the paperwork. The cash is ready, but you aren’t. As a result, you can lose the sale. When selling residential property or commercial property, there’s no time to waste so you should always be ready.

Keep these basic tips in mind the next time you post an ad online. Selling property isn’t easy, but isn’t hard too. As long as you get the basics right, you’ll be selling residential property and commercial property left and right.

Tam Bay Realty LLC

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com

Selling Property: Asking the Professionals

Making your property attractive is the 1^st step you need to take if you want it to get sold. And in order to attract attention and to make your home more memorable, you may consider adding  custom designs such as landscaping, high-grade windows, or a new roof. Improving commercial or residential property aesthetics not only increases home attractiveness to buyers, it also adds market value to the home.

There are two possible ways on how you could sell residential property. First, auction by nature creates urgency as there is a definitive time in which the buyer must act or they risk losing their opportunity in buying or selling property. Setting an auction date, groups all interested buyers together at the one time, creating a competitive environment and the greatest chance to achieve the highest possible price. Second, sale of residential properties by private treaty requires the seller to set a price from the beginning of the campaign. Your agent can help you with this process. Many sellers have a tendency of initially setting a higher price as they think buyers are likely to negotiate the price down.

The rules of the game change when it comes to selling a commercial property. The biggest difference lies in the way each is valued. Far more weight is put on the income of a commercial property, whereas residential property values are generally determined by neighboring comparable sales. Income on commercial property is directly related to its usable square footage. That's not the case with individual homes. You'll also see a bigger cash flow with commercial property. The math is simple: you'll earn more income on multifamily dwellings, for instance, than on a residential property.

Know also that commercial property leases are longer than on residential property. On the other hand, in residential property, make sure a full detailed financial appraisal is undertaken, precisely identifying the likely gross revenue of the scheme the property could accommodate, total costs and level of profit expected by the market.

By and large, finding and evaluating commercial and residential properties is not just about farming neighborhoods, getting a great price, or sending out smoke signals to bring buyers to you. It takes great skills to sell a home. If you don’t have what it takes, never hesitate to seek the help of professional real estate agents as they will make your sale a lot easier.

Tam Bay Realty LLC

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com

Five Tips on Buying and Selling Property for Beginners

You’re not really a real estate broker but since you have some properties to sell, you want to try your

knack in selling them since it will save you cash from hiring brokers. Also, as an investor, you also want to be able to buy properties without any middleman trying to get commission with the deal. The only problem is that you’re new to buying property and selling property. How do you start?

1.     Seek professional advice. You are a beginner and the best way to learn is from people who are experienced or experts in the field already. Selling property is less risky, but if you’re buying, you really need to know how to tell a good investment from the bad ones. This is huge money we’re talking about here.

2.    Consider all fees. You want to do it alone, so you have to learn everything yourself too. Not having a real estate broker to help you means that you have to handle the taxes, the attorneys and the likes. All of these are part of the process of selling and buying property and it’s essential for your costing too.

3.       Plan your business. Are you buying and selling just because you want to? Or you want to make a business out of it. If it’s the latter, make sure you have a business plan in mind to follow. Merely buying and selling properties come with great risks, so you must plan it out.

4.    Learn the market. It is very important that you know the current real estate market to know the market prices as well as the trends. This isn’t very hard to do since the internet gives you access on all the information you need. You just need to take action.

5.     Buy and sell online.  You can always try buying property and selling property online since it’s the most affordable way to do so right now. There are many listing sites that offer free ad postings. Plus, you can do your buying and selling at home.

Buying property and selling property is very serious business and you must be ready to put in the work. However, if you’re not ready to make the effort, there are always the handy-dandy real estate agents to help you out with your deals. For many, paying brokers to do everything needed is worth it if you can actually spend your time doing something more important. What do you think?

Tam Bay Realty LLC

1408 N West Shore Blvd Suite 1000 Tampa, FL 33607

(813) 908-0706

http://www.tam-bayrealty.com

http://www.businesslocallistings.com