How to proceed when selling your property so that everything goes smoothly? For many people, selling an apartment or a house is an experience that only takes place once in a lifetime, so it is important to prepare well for it. In our article, we will focus on a few key points. The process itself requires a lot of activities that can cost you a lot of nerves. We will be happy to guide you through the process professionally from the very beginning to the end, and you will save a lot of time and energy.
1. Price estimate
Often the most important step is to determine the selling price. It should be realistic so that you don't wait an eternity for a candidate to finally appear. On the other hand, an immediate high increase of willing-to-purchase calls may be a signal that the price is too low. The price of real estate is affected by many factors - the size of the apartment/house, location, floor level, etc. The usual way is to analyze the real estate market by the so-called comparison method, which means comparing home prices similar to yours, in a similar location, etc. On commonly accessible websites, you only see the bid prices from the ads, but not the actual final selling price. You will not know if the apartment or house was finally sold more expensive or cheaper. It is therefore worth ordering an estimate from real estate specialists who work with price maps and statistics from the real estate cadastre.
2. How long does it take to sell a property in Prague?
The speed of sale is affected by various factors, but according to real estate servers, home sale in Prague takes an average of 3 months. However, the statistics are based on information about the length of real estate advertising, and it does not include other time factors such as mutual comments on the purchase agreement, the method of buyer’s financing , the length of his loan processing, etc. After signing the purchase agreement, it takes a month for the cadastral office to process the deposit proposal and register the new owner. The reality can mean a shorter or significantly longer total selling time.
3. Preparing your property for sale
Before the actual publication of your intention to sell, it is necessary to carefully prepare the property. If you had lived in the property you are selling or inherited it, you have the task of de-cluttering and throwing away all the things you do not want to offer with the property. We recommend at least a minor reconstruction of the property in order to increase the price. It is definitely a good idea to paint the property and fix any scratches on the walls. A professional cleaning company will clean the carpets and furniture that you plan to keep in the property. And most importantly, you will save a lot of time and energy. In case of a house, it is good to trim the fence or trees, mow the grass, put in order all the corners of the garden.
4. Advertising and presentation of your property
It is important to prepare the advertisement carefully so that the potential buyer gets interested within a few seconds. The description should be as accurate as possible; it should contain information not only about the property, but also about the possibility of parking, transport accessibility, location facilities such as schools, playgrounds, shops, medical services, etc. Describe all the pros of living in the location. And remember the rule that the facts in the ad must be true. During the viewing or even later, any discrepancies will become apparent and could discourage the buyer. Our experience confirms that it is the photographs that sell your home. They should therefore show the best out of your property. We recommend using the services of a professional photographer. Believe that low-quality amateur photos or inappropriately chosen shots can discourage those interested; they will click on another property add and will not return to yours. We remind you that an important part of the advertisement is the floor plan of the property. We highly recommend using the home staging services. It is about preparing a house or apartment for photo shoot so that the property appears as attractive as possible for as many potential buyers as possible, and so that it is sold (or found tenants) in the shortest possible time and as profitably as possible for the owner. Specialists will prepare the property so that during only a short visit the potential applicants can imagine how they could live in these premises.
