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Are you having a hard time selling your property?
Despite the resilient demand and consistent flow of enquiries,
selling a property is deemed as a tough grind by many owners in the current
economic landscape where prospect buyers are taking a cautious approach on
their spending, especially on big ticket items like property.
Having said that, a lot of properties were still able to
find a taker in the challenging market, even during the Movement Control Order
period where travels were restricted.
For instance, Sunway Property has secured some RM200 million
worth of bookings since its "Always With You" digital campaign, which
offer offers financial aid and competitive pricing was launched at the end
of April, according to a EdgeProp.my report.
This shows that with the right price, offering, strategy and
channel, which helps the owner to reach out to the right target audience, the
process of selling property can be a smooth sailing.
For sub-sale properties, here are a few tips to give your
property selling a boost:
1. Set the right price
Setting a realistic and reasonable asking price from day one
can ensure you a much better chance of find the right buyers and close the deal
rather quickly as this often adverts a lengthy negotiation process between you
and the potential buyers.
To do this, you need strike the balance between the cost
that you have spent on the property, the recent transaction prices of similar
properties, buying demand in the vicinity and the property’s potential for future
appreciation.
Moreover, you should also list down the details and features
that can attract buyers, such as the amenities and facilities in the area,
accessibility and connectivity, future development potential, etc.
2. Ensure the property’s curb appeal, especially on the
web!
It is a rather competitive market for property sellers today,
especially in the residential segment as many are taking the window of
opportunity to reap high profits from disposing their house during the Real
Property Gains Tax exemption period effective from 1 June 2020 to 31
December 2021.
Hence, it is important to make sure that your property is
able to stand out from the competition.
Besides painting, furnish, refurbish and renovate your
property, taking good pictures of the interior and exterior is also very
important for it to attract buyers on the internet, which is vital component
for the selling of any products.
The technology or, more specifically, the digital technology
has not only changed how we live but also the way we buy and sell things, which
includes property.
All it takes to find you a buyer could be a Facebook post
with a handful of nice photos that helped the post to go viral.
3. Capitalize on the digital technology
Today, digital-based platforms such as apps, social media and
property listing portals have become the most popular market place for
properties.
Corporates and businesses such as real estate developers and
agencies have ventured into this segment by setting up digital presence for
their products via technologies such as augmented reality, virtual reality and
virtual tour.
This trend is expected to gain more momentum in the
post-COVID19 world and definitely should not be neglected by any property
sellers.
4. Get help from the experts
If you are overwhelmed by all these nitty-gritty details,
you can always engage an experienced real estate agent who is capable to come
up with a strategy or package tailored specifically to your preferences.
Furthermore, agents who are backed by an established agency
can secure a better deal as most of these agency firms are equipped with the
latest market and product information along with a large pool of ready buyers,
which can quickly identify the targeted group of buyers.
You can start by engaging a few agents for your property and
keep close tabs on the selling process with them from time to time in order to
keep them on their toes and make sure things are moving.
Looking to buy or sell a property? Get in touch with
PropNex Malaysia at +603 7954 2233 or [email protected]
today to learn about how our swift and reliable real estate brokerage service
can help you in securing the best deal in the market.