These Ten Steps Will Assist You in Selling Your Home Quickly and Easily !!!

Cambodia's real estate market is a thriving one. For individuals looking to invest in this nation, there are several properties available. Similarly, many property owners are eager to sell to prospective purchasers too.

So, how can property owners easily sell their property?

The following 10 tips can help you!

1. Reason for Sale

Selling a house is typically more emotional than buying one, and the reason for selling your home may be a determining factor in the urgency of the transaction. The urgency may also have an impact on the property's price.

2. Price Your Property Appropriately

It is critical to initially assess the costs that may be spent while selling your house. This knowledge is critical since it helps you calculate a reasonable asking price for the home as well as the possible profit. Obviously, we all believe that our house is precious and should be purchased at the greatest possible price. However, we must also be practical. Prospective purchasers could be turned off if you ask for too much right away. But you also don't want to undercut yourself by offering a price that is far lower than the item's true worth.

There are several compelling reasons why you should price your home appropriately from the start. If you price your home correctly and maximize the number of serious, competent purchasers, you may attract more buyers. You can always negotiate a price with serious customers. If you price the home at a lot over market value, you will lose serious purchasers before they ever visit the property.

Bargains can even spark a bidding war, with the winning bid exceeding your initial asking price. Overpricing your house can scare away some potential buyers.

Note: Setting the correct pricing is the most crucial factor to consider when placing your house on the market to sell. The price at which your home is listed for sale can make or break the purchase.

Over-pricing of the property may result in:

• A smaller buyers' pool;

• A prolonged stay on the market will result in lower offers being submitted.

Under-pricing of the property may result in:

• You lose money on your investment;

• A buyer offers an even lower amount due to a negative perception of the property or area.

3. Real-time Location

Although you have little control over your property's location, it still plays a significant role in its marketability. As a result, it is critical to consider the following:

• Is your home priced competitively compared to other offers in your area?

• Is your home in a well-established or up-and-coming neighborhood?

• Is your property in an urban or rural setting? Or, is it transitional?

4. Condition of Your Property

The state of your property always plays a role in how quickly your home will be sold. It's a fact: getting the best market value and defining your property as compared to others in the same price range, frequently comes down to first impressions. Here are some low-cost methods to improve your home's curb appeal:

• Keep the grass cut and yard clutter to a minimum.

• Apply fresh paint to any wooden fences and your front door.

• Clean the windows inside and out.

• Wash or paint your home's exterior.

• Ensure gutters and other exterior are firmly attached.

5. Staging

Did you know that well-placed furniture can open up space and make it appear larger than it is? Or that opening curtains and blinds and putting on lights can make a space appear bright and cheerful? True, which is why staging your home to look its best is such an important part of the selling process.

Here are some low-cost methods to draw attention to your home's greatest features:

• Clean or paint the walls and the ceilings.

• Clean all the floors and fixtures – lights, fans.

• Repair all plumbing leaks.

• Remove excessive wall hangings, furniture, and extra personal goods.

• Turn on all the lights and open the drapes during the daytime.

• Play quiet background music and infuse your home with a comforting scent.

• Vacate the property when and if it's being shown to prospective buyers.

6. Stay ahead of the curve on social media

These days, social media is the most powerful force. It can aid in boosting sales by facilitating consumer contact. Keep up with the latest technological advancements or collaborate with someone who is well-versed in the field. Without the help of digital technologies, no firm can expand on a worldwide or regional scale. Social media marketing is a whole new idea that is tough to grasp, especially if you are unfamiliar with the tips and techniques involved.

Instagram and Facebook are both social media sites, yet they serve distinct purposes. Most social networking platforms are still available in Cambodia. It is necessary to just exhibit your home online. You must be listed and have a digital presence on sites where purchasers are looking. Everything is now online. Digital space has a thorough grasp of how it may be used to your advantage when selling a home.

7. Take good photographs

Money is measured in terms of time. Any additional time a residential or commercial property is on the market has a significant impact on its appearance and selling value. As a result, it is critical to maximizing your time during the selling process. An excellent place to start is by taking high-quality property pictures that will catch the eye of potential buyers.

With a simple click, potential buyers can now have access to premium photographs and property videos. Having attractive property photos taken may make a big difference in the way people see your property listing.

8. Remove Personalization

Individuals will never comprehend why their "ideal" property cannot be sold quickly. As a seller, you must take a step back from your emotions and look at your property objectively - ask yourself, "What would I think if this wasn't my house and I was seeing it for the first time?"

Examine the excellent, the terrible, and the uncomfortable in detail. Find out what changes you need to do in order to sell your house faster. When it comes to selling, have an open mind, since the client is always correct. Make your house look like it's brand new since that's what potential buyers want to see.

9. Accessibility

In many regions of the world, accessibility is a big concern. Again, you have little control over your home's accessibility, but it does influence the price of your property.

Here are a few important areas to think about:

• Public transportation

• Main roads

• Shopping centers

• Schools and other educational institutions

• Outdoor areas - public pools, parks, playgrounds

• Entertainment

10. Find a Good Real Estate Agency

There are several real estate agents available to assist you in selling your property. However, finding the ideal individual who complements you is similar to hunting for a needle in a haystack. Finding the appropriate firm to represent you takes time. But once you've found them, it's all downhill from there.

To begin, your representative must be familiar with the market's complexities. You'll also need some imagination. Working with the appropriate agent will put you in front of potential buyers' eyes.

The majority of first-time buyers will join a real estate firm and work with the first agent that approaches them. Agent referrals are another method for first-time buyers to find their own representatives. These behaviors should be avoided.

Source: IPS, KWCambodia