4 Tips To Sell Overseas Property
Owning property overseas has become simple and common nowadays. An example of a group of people who take on that sort of endeavor is expatriates in different parts of the world. While they work and live in other countries, they may choose to invest in the local real estate market. This is especially true for those who are expected to stay in the country they've been assigned to for decades.
However, once you’ve bought property in the country you’re currently in, you may get transferred to another by your employer, or they may ask you to return earlier than expected. The question now becomes: what should you do with your property? Many choose to sell theirs and buy another in their next location. Of course, that’s easier said than done for most. To help you with the sale of your property overseas, follow any of these tips:
1. Sell The Property Yourself
In case you still have enough time prior to your departure, you’re free to look for a buyer yourself. You can advertise the property by posting about it on your social media accounts. Also, you can ask your friends in the country to help you find a prospective buyer. This option is the most budget-friendly as it helps you avoid expensive agent fees.
Keep in mind, however, that it may be easier to sell properties in some places compared to others due to numerous factors. For instance, Melbourne is one of the cities in the world preferred by many for real estate investment. However, so you can let go of your property for sale by owner Melbourne and earn a good profit, you should do research and know the current real estate prices in the area.
You can visit the websites of reputable real estate companies and check how much they’re selling properties similar to yours. This will help you avoid underselling your property. What’s more, doing so prevents you from being overambitious and setting a price for your property that may drive away potential buyers.
If you intend to sell your property in places like Melbourne, you can also opt to get a free property value report from companies like PropertyNow. This way, you can easily take the guesswork out of the picture.
2. Define Your Target Buyer
For you to price your property properly, you may need to think about the type of buyer you’d like to attract. Who do you think would benefit most from buying your property? Who would likely prefer what you have to offer over others? Are there specific features of your property that a particular demographic would be interested in? Be as detailed as possible when pinpointing your target buyer so you’ll know what else you can do to make your property more appealing to them.
3. Come Up With An Outstanding Property Listing
The goal of creating a property listing is to encourage prospective buyers to strike a deal with you by enumerating the reasons they should purchase from you. Show your target buyer how their lives would improve if they choose your property. Here are some examples:
You can let buyers know why you purchased the property in the first place. It could be because it’s located near a surf break and in a community with an affordable lifestyle.
List the features of the property that your buyers would love. These could range from a huge kitchen to an eye-catching ocean view to a large, open deck.
Based on the things you’ve included in the listing, write a compelling headline. It doesn’t have to capture everything about your property, but it should point to key features that would leave the buyer wanting your property.
Remember that a picture is worth a thousand words. Thus, take good photos of the best features of your property in order to sell it fast. Use a camera or phone that produces high-quality images. You can hire a real estate photographer to do this particular task for you. Take note that what you’re selling isn’t the roof and the walls themselves but a comfortable life, a wonderful experience, and a dream home where your buyer can make unforgettable memories.
4. Use Local Agents
A local agent can help you get good exposure for your property. In the USA, once you let an agent handle your property, it’s added to a multiple listing system (MLS) so it can be accessed by other agents who may have interested clients. In case the country you’re in doesn’t have this kind of service, you can seek the help of several individual agents.
Wrapping Up
Selling an overseas property may not be easy, especially if you’ve already left the country for another. However, with the right channels, you can find a willing buyer for your property. Given that most people begin searching for property online, advertise yours on social media and use real estate platforms that exclusively cater to sellers. Also, see to it that you take photos of the key features of the house that buyers are likely to love. Finally, you can turn to local agents to help you broaden your reach.
