In the current economic climate where due to the recession almost every kind of business has been affected (especially the real estate market), it is becoming increasingly difficult to get the prices that one wants when selling his or her property. But this does not mean that the property has stopped being bought or sold, it only means that now the traditional ways to sell properties have been forgotten and newer methods and techniques are being adopted. Following are some innovative techniques that are increasingly becoming popular.
Advertising on the Internet
Gone are the days when the only way to find out about which properties were being sold or on auction was the newspaper. In today’s fast moving world the internet has taken over such things, now many properties are being sold over the internet on sites such as eBay. This form of advertisement has become popular due to the ease by which the seller can list his property over the internet, also as it saves valuable time and you do not have to go to anywhere to get your ad published and you can do it from the comfort of your home. This is also usually a lot cheaper alternative then having to advertise in the newspapers and magazines.
Targeting International buyers
As the world is becoming increasingly globalised, it is becoming easier and easier to conduct business with international buyers. The United States of America is considered as one of the ideal and safest investment climate in the world, due to which many foreign businessmen and buyers are interested in acquiring property in the united states to further boost their own image and at the same time also not have to worry about any frauds or government intervention in their investments. These buyers generally do not have an accurate figure in mind of what the market prices are and therefore in their haste to buy property in the US they may sometimes overbid their price just to ensure that they get the property.
Offer different payment plans
Due to the recession many people are not able to put up the money up front so to facilitate such people it is advisable to offer them different payment plans. Different payment plans can include plans such as paying in installments or offering mortgages or leases on the property. This would ensure that your property is within reach of wider buyer base.
Billboards and public notice boards
Sometimes the most effective ways to sell your house are also one of the simplest. For example why not post your advertisement on a billboard in your neighborhood this would ensure that maximum number of people will be made aware of the sale of your house. Also you can post your advertisement on public notice boards at places such at your church and local department store, as many people visit these places also it is the public notice boards are almost always free to advertise on so you won’t have to worry about the costs as well.
If you are a real estate investor or property owner and want to learn more about how we can help you buy investment properties and our property management program please go to our website at
Mike Lautensack is the owner of Del Val Realty & Property Management (“Del Val”). Del Val is a FULL SERVICE
http://www.delvalproperty.com/”>Residential Property Management company with over 15 years’ experience and manage over 2,500 single family homes, HOA units and multifamily properties in and around Philadelphia, PA. We advise property owners how to build wealth and financial security through hassle-free ownership of rental real estate with our NO “Hassle” FULL Service Management Program. This proven management system allows owners to enjoy the financial benefits of cash flow, tax savings, and wealth creation. All this while it GUARANTEES you will never have to deal with maintenance or tenant issues.