On ThinkGlink.com, selling typically refers to selling a home, whether that home is a single-family house, a condominium, a co-op, a townhome, or a vacant piece of land. When you’re selling your home, or any piece of real estate, you need to decide what process you want to follow – whether you want to hire a real estate agent or do a for sale by owner (also known as FSBO). Selling includes, cleaning up and organizing your home, figuring out what the selling price should be, hiring the team you’ll need to sell your property (which might include an agent), potentially staging the home, negotiating the sale and closing on the transaction. Selling also includes getting the word out that your home is for sale by using every marketing means possible, including setting up an individual website for the property, listing it on Craigslist.com, Zillow.com and other sites, telling people at work or in your neighborhood that the property is for sale, and even placing a sign in your front yard. Use
Flipping Real Estate: Legitimate Buying And Selling Of Property?
The term "flipping" real estate has gotten a bad name in the press, as a suspect way of buying and selling property. Buying property at a low price and selling it higher is legitimate, but the practice of "flipping" real estate can be suspect. Some people who flip real estate falsify documents to make the property seem worth more than it really is after making modest improvement, which is why the term "flipping" is better left out of the equation.
Selling Rental And Primary Residences
A reader comments on Ilyce's initial article about selling primary and rental properties.
Limiting Taxes When Selling Primary Residence And Rental Property
There are ways to avoid capital gains taxes when selling your primary residence, but you'll still face a tax burden when selling rental property. If you live in a property for two years before selling it, you can keep your profits tax free. A 1031 exchange is also an option that allows you to defer capital gains taxes.
Selling Your Home On The Web
There are many websites that are designed to help sellers sell their own homes by owner. Unlike a discount broker who might be more involved with your sale, when you sell by owner using a website, you'll be responsible for doing just about everything, including the showings, any negotiation and making sure all the details get done that will enable the house to close. How long you want to try to sell by owner before contacting an agent is up to you.
Real Estate Investments: Successful Property Selling
Ilyce reflects on how some people are making a killing on real estate investments and are very successful at selling investment property. Those who are the most successful at selling investment property seem to understand something very basic about real estate. In order to sell real estate investment property quickly, you have to have something that people want to buy at a price that gives buyers an incentive to move quickly.
Selling Land When You Can’t Find One Of The Owners
Here's the scenario. Your mother inherits some land when your father dies. She then becomes "friendly" with a neighbor who is about 25 years younger. She sells her new friend half the land without telling anybody. Now, years later, you and your mother are looking into selling the property, but the friendly neighbor moved away years ago and nobody knows where he is.
Ultimate Homes
Is your home your palace? Most of us are happy with our modest homes, but the market for high-end luxury homes is booming. Last year more than 35,000 homes costing $1 million or more were sold in the United States.
Tips For Selling Your Vacant Home
Selling a vacant home brings different challenges than a lived-in home. They will usually take longer to sell and sell for less. Keep the home in top condition even if you aren't living there, in order to sell faster. Price your vacant home competitively. Walking into a vacant home, a buyer will infer that the seller is motivated and may even be paying two mortgages.
Getting Your House Ready For A Spring Sale
Getting your house ready for sale? Spring comes early when you're a home seller. It's time to spring into action, do some spring cleaning, and maximize the value of your for sale home.
Selling A Home Is A Lot Of Work
Selling a home is a lot of work, whether you sell by owner or by broker. Ilyce chronicles her own experience selling a home and recommends taking a good look at your home and decide what changes need to be made to make your home appealing to the buyer. Whether you choose use a real estate agent or sell by owner, selling a home is generally a long process, so be prepared!