Selling Real Estate in a Sluggish Market |
Selling Real Estate in a Sluggish Market
Real estate is one commodity that many depend upon to get them through the rough times in their investment strategies. The problem is that unlike stocks and bonds, real estate is not the most liquid of assets to turn into cash when the going gets rough and money is needed immediately. This may be the one large drawback when it comes to real estate. You cannot rely solely upon real estate to get you through the financial rough patches, as real estate is a very fickle market.
There is only one way in which real estate can truly be sold in a sluggish market such as the one that is rocking the real estate world at the moment and that is not always a way that is ideal for investors. However by offering an exceptional value to consumers, you can almost always manage to sell real estate. This is by far not the method of choice for investors. Investors are often encouraged to hold onto properties during the rough patches by any means possible (and ethical of course) in order to get the maximum profit they are hoping to achieve in the endeavor. When this is not possible, make sure the property being offered and sold is the best value for the money that is currently on the market.
Play up the attributes of any given property and offer several properties for sell at once (assuming you own more than one). More importantly, offer different types of properties rather than one style of property. If you own a few rentals, a couple of vacation homes, time shares, and perhaps a corporate office building or two put one of each on the market and see which sells more quickly.
Another thing that must be considered in a sluggish market is that you cannot attach an emotional value to the price of the property. This is simply bad business. No matter how much sweat, tears, and blood have gone into the property you must realize that just as it is a business transaction for you, so it is for the person placing the bid. You cannot afford to run off potential bidders by becoming insulting or feeling insulted by their bids. Make a counter offer and see what happens rather than letting emotion rule the day. In a buyer's market there will be low offers.
There are many who make livings (like most investors are attempting to do) by buying low and selling high. This means they will make an insultingly low offer the first time around to see where the seller stands. This doesn't mean they are the scum of the earth only that they are in this for the greatest possible profit. Do not take their actions or attitudes personally. They are not insulting you or the property only attempting to gain the most money in the process. Most businesses operate that way no matter what they claim.
Selling property in a sluggish market can be a disappointing and gut wrenching process but it is often necessary for one reason or another. Unexpected expenses arise and money is needed when it is needed. This is after all why we make these investments in the first place, to be able to handle the unexpected twists and turns that life tosses our way.
558
|
Are You Committed to Your Real Estate Investment? There are many questions that should be asked before embarking upon a ... read more
Benefits of Flipping Real Estate The obvious benefit and sought after benefit of flipping real estate is the profit. This ... read more
Buying Real Estate for Your Family The very best and most enjoyable reason to purchase real estate by far is ... read more
Buying Real Estate Foreclosures When looking for a home for you and your family you will come across all kinds ... read more
Common Risks Faced by Property "Flippers" The first thing that should be noted is that flipping houses is a great ... read more
Common Risks Involved in Real Estate Investments While a good many millionaires will agree that their fortunes were made in ... read more
Curb Appeal Matters When Selling Real Estate First impressions matter most. This is one concept that many homeowners trying to ... read more
Does Staging Sell Real Estate? There is something to be said about a neat and tidy house when you are ... read more
Finding the Right Realtor for Your Real Estate Needs Whether you are looking for a home of your very own ... read more
Flipping Houses for Fast Real Estate Profit One of the rising stars when it comes to real estate investment is ... read more
Flipping Houses for Fun and Profit For those of you who watch on the edges of your seats week after ... read more
Has Television Changed the Face of Real Estate Investing? If you take a look through the television stations on almost ... read more
How to Find a Good Real Estate Investment Property There are many ways in which you can find a great ... read more
Is an Inspection Really Necessary? One question that seems to be commonly asked among those who are interested in real ... read more
Is Real Estate Investing for You? There are all types of investments in this day and age. One of the ... read more
Lease to Own Real Estate Credit problems plague people across the globe. These problems can lead to many other problems ... read more
Mortgage Advice for Residential Real Estate When it comes to owning property many people around the world will tell you ... read more
Real Estate Investing for the First Timer You have probably read all the information on the market as it relates ... read more
Real Estate Investing There are many methods for building fortunes in the world today. One of the most accessible even ... read more
Real Estate Investors Offer Perks to Retain Tenants What tenant wouldn't love the allure of high speed Internet and a ... read more
Selling Real Estate in a Sluggish Market Real estate is one commodity that many depend upon to get them through ... read more
The Flipside of Flipping Houses Television programming and infomercials of all styles will have you believe that flipping houses is ... read more
Things to Avoid When Flipping Real Estate Flipping property is rising in popularity as a form of real estate investing. ... read more
Things to Look for When Buying Personal Real Estate There are all kinds of things you will want to consider ... read more
What is Pre-Construction Real Estate Investing? The idea of pre-construction investments when it comes to real estate is actually quite ... read more
|
|
|
Disclaimer:
The Publisher has strived to be as accurate and complete as possible in
the creation of this website, notwithstanding the fact that he does not
warrant or represent at any time that the contents within are accurate
due to the rapidly changing nature of the Internet.
This site
is a common sense guide to Selling Real Estate in a Sluggish Market. In practical advice websites,
like anything else in life, there are no guarantees of income made.
Readers are cautioned to reply on their own judgment about their
individual circumstances to act accordingly.
This site
is not intended for use as a source of legal, business, accounting or
financial advice. All readers are advised to seek services of competent
professionals in legal, business, accounting, and finance field.
Any
perceived slights of specific people or organizations are unintentional.
|