Tips to List Your Property Online

No doubt, listing property online is an easy thing to do, but it still needs some guidelines to perform the job perfectly. A little mistake in the listing may fail to bring your property into the limelight. And, advancement in the technological sector has increased the online real estate competition to a great extent. Every person feels easy in selling or buying property online which is leading to unlimited listings. So, you need to update your property intelligently to make it stand out. Here are a few tips that can help you sell or rent your listed property quickly.

Catchy Headline

The headline is the foremost thing that brings traffic on your listed asset. Make it short and crisp to catch maximum attention and make an impression on the visitors. It may include project or society name, area, price and the property features. Finding all these important points in the headline will insist the potential buyers, have a look and know more about your property. On the other hand, an incomplete or cluttered headline may leave your listing as a waste.

Uploading Photos and Videos

Nobody would take an interest in paying a physical visit to your house just through the description you have provided. However, to convert the listing into a successful deal you shall upload clear pictures of the property. And, if you want people to have a proper glance online, upload a video giving a complete overview of your house.

Give Appropriate Information

Exact information about your estate helps to catch the attention of potential buyers and renters. While, this information may include area, location, property’s age, surroundings, furnished/unfurnished or the additional features. Remember, to give to the point information. Adding irrelevant information may appear meaningless and distract the buyers.

Locate it Properly

Every buyer has some location choices. It may be due to the convenience in going to the office, school, or may be for anything. And, to make it easy for the customer find the location of their choice, you need to keep the location description up to the mark.

In addition, sometimes there are areas having any electricity or water related problems. And, if your area is away or at a distance from that location, do not miss on mentioning it. Simply, mention the particular sector, block or a landmark to make the customers identify the exact location.

Highlight Infra Facilities

People often pay a great attention to the infra facilities before making a purchase. So, do not forget to mention the infra facilities nearby your property. Mention distance from popular landmarks like malls, hospitals, bus stand or airport, etc.

Additionally, a little more description about the property like direction, outstanding features add an attention seeking factor to the house and increase the chances of getting sold or rented soon.

7 Tips To Keep In Mind When Buying Your First Property

Many people got rich buying and selling real estate. So, investing in real estate is a lucrative business. Unlike buying stock, you can easily put in millions of dollars into your first purchase. But you have to have the necessary information before getting started. Below are some tips for you to get started.

1. Repairs

Do you know how to use a toolbox? Can you repair drywall? Can you unclog a toilet? There is no doubt that you can call a professional to get these jobs done, but this will cost you a significant amount of money. Most property owners, especially those with a few homes, do the repair work on their own in order to save money. So, if you can’t do these projects yourself, you may not want to be a landlord.

2. Debt

Experienced investors have debt as an important part of their portfolio of investment. However, a common man can’t afford to carry debt. So, if you have a student loan to pay, or you have some medical bills to pay, buying a rental property won’t be the right move for you.

3. The Down Payment

Usually, if you want to invest in real estate, you should be ready to make a big down payment. Aside from this, investment properties require approval requirements that are more stringent. So, the small sum that you put down on your home won’t work for your investment property. For this, you need a minimum of 20%. So, you have to keep this in mind.

4. Higher Interest Rates

Now, the cost of getting a loan may not be that expensive, but the rate of interest on your investment property may be a bit higher. Keep in mind that you need to make a mortgage payment that won’t be so high. This payment should not be too difficult for you to pay.

5. Figure out Your Margins

Big firms that purchase some distressed properties opt for at least 5% return on their investment. The reason is that they have a staff to pay salaries to. As an individual, we suggest that you aim for 10% ROI. According to estimates, the maintenance cost of the properties is 1% of the value of the property.

6. Buying a Fixer-Upper

You may want to get a house that can be bought at a bargain for flipping into a rental. However, if you are going to buy for the first time, doing so will be a bad idea. Moreover, unless you are good at home improvements, the renovation will cost you plenty of money. What you need to do is search for a home the value of which is lower than that of market. Moreover, make sure that the house doesn’t need heavy repairs.

7. Figure out Operating Expenses

On average, the operating expenses on a fresh property are at least 35% of the gross operating income obtained from that property. So, you should figure out your operating expenses as well.

Hopefully, now you are ready to buy your first home