About Me

Planning and Executing Construction and Contracting Projects: Tips for Consumers

Welcome to my blog. My name is Deborah. About 15 years ago, I bought an old home. We worked with several contractors to rehabilitate it, but ultimately, the foundation simply wasn't stable enough, and we had to tear it down. After that, we worked with a construction crew to build a home from the ground up. The experience was exciting and challenging, and I learned a lot through that process. I want to share construction and contracting facts and information with others so I decided to start this blog. I hope that you like the results, and I thank you for reading. Enjoy!

Planning and Executing Construction and Contracting Projects: Tips for Consumers

A Guide To Property Sales

by Samantha Russell

Reality TV makes property sales look like an easy process. Nevertheless, this is not the case. Below is an extract detailing how to sell your property. Hopefully, it should help ease the process. 

Consider An Inspection Before Listing The Property

Most property owners make numerous assumptions about their property. For instance, they could believe that the roof is in excellent condition although it contains severe defects. A property inspection helps you determine the property's current condition. The assessment should give accurate information about:

  • The functionality of amenities such as the water drainage lines, electrical and sewer system.
  • The condition of the walls, floors and roof. For instance, the walls could need a fresh coat of paint, while the floors could require tile repair.
  • The property's safety. For example, does the property contain toxic materials such as asbestos? Is the property structurally sound and built to withstand local disasters such as floods or fires?
  • The presence of rodent, termite or cockroach infestations on the property. 

The inspection report is essential in helping you determine a viable selling strategy. For instance, if the property requires significant repairs, you could lower the asking price and sell the house on an "as is" basis. Conversely, you could conduct repairs and sell the property at a higher price. 

Consider Return On Investment Projects

Although your property could be in excellent condition, it could need some improvements to generate interest in the buyer's market. Remember, property buyers view many properties before signing the contract of sale. Therefore, what makes your property stand out? The modern buyer is attracted to expansive kitchen spaces, ample storage, recreational facilities and well-maintained landscapes. They also assess the functionality of the property design. For instance, where are the washrooms located, and how many are there? Can a buyer extend the property in the future? It would be worthwhile to consider some return on improvements to make your property stand out. For example, you could build a deck or improve the property's energy efficiency. 

Engage An Experienced Agent 

Some property sellers opt to sell the property without engaging a real estate agent. Nevertheless, a real estate agent can significantly ease the selling process. For instance, they appraise the property to ensure it is reasonably priced. The professional also vets interested buyers to gauge their interest in the property. The agent is also best placed to negotiate the conditions of sale with the buyer's conveyancer. For example, they ensure the contract compels the buyer to finalise the transaction.   

Contact a property sales service to learn more.