How to sell easily in recession

  Article By : Marinos Kineyirou|  Published at : Politis Newspaper| 23-09-2012

Marinos Kineyirou: Vice-president of the Cyprus Association of Estate Agent Entrepreneurs, President of the Real Estate Agent Entrepreneurs Association of Larnaca- Famagusta and Property Auctioneer

Marinos kineyirou Manager of Marinos Estate Agencies LTD

Marinos Kineyirou Manager of Marinos Kineyirou Estate Agencies LTD

HOW TO SELL EASILY IN RECESSION

 

When the recession struck the property market, the best for the sellers was to remain outside, but this rule can not be adopted by all. Many people are forced to sell either to obtain liquidity or each one individually for personal reasons.

The Vice-president of the Cyprus Association of Estate Agent Entrepreneurs, President of the Real Estate Agent Entrepreneurs Association of Larnaca- Famagusta and Property Auctioneer Mr. Marinos Kineyirou told us that even if we sell at a very bad market, there are things you need to do to achieve the best deal possible.

Proposal No. 1 – Licensed real estate agencies

A very important decision is to consult licensed real estate agencies and not be reassured by your effort only, which will have no effect. The licensed real estate agencies have extensive experience in sales and good connections for a fast and proper sale of the property. Also the right advertisement is a very important factor which a registered real estate agency offers.

Proposal No. 2 – Prices

In case you are urgent to sell directly you should decide the low price, taking into consideration that at this time there is lot of competition in the real estate market with very low prices. It is not possible to claim the outright sale of your property aiming at the best possible price for you. Do not ever exclude the possibility of negotiation because most of the times a smart deal in the economic part is the for a successful deal.

THE FIRST PICTURE OF THE PROPERTY IS THE ONE THAT WILL SHOW ITS EFFECTIVENESS

Proposal No. 3 – Picture

The competition is great when it comes to selling a property. To make your real estate stand out, you need to take some measures without a big cost which are important for its boost from an interested buyer for the selection of your property. A property which is renovated and tidy is more affordable on sale over a messy. The first picture for the buyer is the most important and we can not be invoked as vendors that we will do “this” or “that”. A prospective buyer sees the “now”, “today” and can not imagine a future for a property that will choose to live or invest in it. In a market, buyers have a choice of many homes. This means that you should not give excuses to go to the next real estate. Your proposal should not have uncertainty and should not refer to the future. Remember that the first image is the one that will show its effectiveness at the end.

EACH PROPERTY HAS ITS BUYER

Proposal No. 4 – Title Deed

Given the current market sales we must know that every buyer wants to buy a property without any risk for the investment of their money. One way to make the buyer feel secure is the title deed. The seller should not proceed in the selling of his property without having the title deeds. The proposal is that each seller shall secure the title deed.

The Vice-president of the Cyprus Association of Estate Agent Entrepreneurs, President of the Real Estate Agent Entrepreneurs Association of Larnaca- Famagusta and Property Auctioneer Mr. Marinos Kineyirou told us that patience is the key to sell a property which will give us more positive results later. There is no reason to panic; by following the previous proposals you would have the desired result. The sale of a property in a period of economic crisis is difficult and we should not expect immediate sale. Each property has its buyer.

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