Many people throughout their lives face the need to sell a house or apartment. Sometimes a sale happens quite quickly, but sometimes an apartment remains unsold for a year or two. What determines success in this matter?
Demand for any real estate property usually depends on two main parameters - price and location. Location and the view from the window cannot be changed, but the pricing question is very important.
How can an apartment owner determine the right price? The first key tip is to find 5-10 listings in public advertisements in your neighborhood for apartments of similar category and condition, and compare their prices. If you offer your apartment at a price roughly 10% lower, then you have a good chance of selling your apartment quickly.
If such a price reduction doesn't fit your plans, and you set a price roughly "like everyone else," then you risk your apartment staying on the market for a long time.
To prevent this, you need to stand out from the crowd, and this can be achieved in various ways. The most important thing is high-quality professional photographs. Sometimes it's not even the price, but the photographs themselves that serve as the bait that brings a buyer to you. Don't spare the money - hire a professional photographer.
Before photographing, create a cozy atmosphere in the apartment and remove all personal items. Photographs with flowers in vases or pots look very appealing. Sometimes pets add a special touch, for example, a magnificent cat lounging in a chair.
If you have a beautiful view from your window or there are trees, be sure to photograph them from a flattering angle. When photographing, it's desirable to turn on all the lights in the apartment so the space is filled with light. Don't forget to photograph the entrance, elevator, etc. The more good photographs highlighting the advantages, the better.
The listing description is also very important. The more colorfully and vividly you describe the apartment's advantages and location, the greater your chances of attracting attention, especially if you're counting on a foreign buyer who isn't very familiar with the city's neighborhoods.
Foreigners are often willing to buy apartments if they can be profitably rented out. Try to find out what your apartment could be rented for, and include this figure in your listing.
If the rental yield is 7% or higher, your apartment could become an interesting investment opportunity for investors.
If you're counting on a local buyer, the listing must definitely be in both Russian and Latvian.
And of course, our company offers you our assistance in selling your property - entrust your apartment to professionals. Fill out an application for the sale of your apartment, house, or commercial property here.
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Email: info@kominvest.com
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