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How To Sell A Property In Lagos

The idea of selling a property in Lagos can be tedious from the moment you think about it. This is because you already know how time-consuming and financially exhausting buying or renting a house in Lagos can be. It is not alien to see house owners or property owners asking “how to sell a property in Lagos”. Though selling a house in Lagos can be tricky and people tend to be cautious because of the city’s reputation. Nobody wants to lose their hard earned money or property to real estate scammers. However, it is the same easy process to sell property in Nigeria and anywhere in the world when you learn the ropes.

Considering the goal of selling is to get the right value for your property, it is also important to project many things about a potential property buyer. Most property buyers have the ideal house in mind before they search, which often include details like location, size, design and other personal preferences or tastes. This is why it is important to tailor the house you put for sale to the taste of your potential buyer.

Below are the top property selling tips to help you get the best value out of your property.

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Contents

Make Your House Sellable

The priority remains the same, you want to sell your property. The goal is to get the right value for your house. This, however, is possible only when the house or property is sellable. When we say make your house sellable, what we mean is, make sure it is what a potential buyer will be interested in. The truth is, there are many properties in Lagos and selling is usually competitive as buying. In order to make a sale, faster, you want to make the house sellable. There are few tips to help you achieve that:

Declutter

The process of selling your property in Lagos, Nigeria or anywhere in the world begins when you make the decision. The first thing you need to ensure is making the house sellable i.e presentable for sale. Buyers, as earlier mentioned, have the idea of the kind of house they want already, the goal is to meet their expectations to a considerable amount. Decluttering is one of the best ways to make your house sellable. This can be done by taking out less important items in the house in order to free up space. The idea is to have enough space in the house, you don’t want to create an image of a jammed packed house. Removing less important items help you prepare the house for the buyer. It makes you less attached to the house.

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Make Repairs In Your House

Let’s face it, no one wants to buy a property that they will spend more on repairs after. One of the frustrating thing about living in Lagos aside the traffic jam is having a bad apartment when it rains. No one wants a river in their house. Fix the roof, wall cracks, windows, doors and other places that need repair. Ensure you make repairs in the house before putting it up for sale. This way, you stand a better chance of selling and getting a good value for your house.

Repaint

This is another relatively cheap way to boost the sale of your house. Repaint. It is as simple as that. Most people tend to make judgements on first impressions or appearance, and because the outside is the first point of contact, you want to make it count. When you repaint your property, it increases your chances of selling.

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Choose A Platform To Sell

The next thing you want to consider is how you intend to sell the property. There are different options available to sell a property; you can either choose to sell through an offline or online platform. While the offline platform requires a personal approach to people, the online platform allows the buyer to come to you. Both platforms also allow you to hire professionals – real estate agents. This is because the world has evolved so much over the years, thanks to the internet, that you don’t have to rely only on meeting people before you can make sale of your house. From the comfort of your home, people can now search for properties. However, there are the pros and cons of both platforms.

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Offline Platform

This is actually the traditional form of most real estate transactions. The pros of this platform or method to sell is that it is cheap because you don’t have to engage others in the process. Another reason is, you are likely to get trusted referrals from friends or family with genuine interest. It also allows you to have personal interactions with potential buyers.

The downside of this, however, is that it might take longer than expected to get potential buyers. Another is that without proper guidance of a professional, you might unknowingly skip important stages like documentation or legal processes because of your lack of experience. You are also likely to be prone to real estate scammers because of your lack of experience of the industry.

It is advised to seek the service of a real estate agent.

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Online Platform

In this digital age, everything is made seamless with the help of newer technologies. Everything you intend to achieve these days is just a click away. There is practically nothing you can’t do on the internet. Selling a house is as easy as it can be these days with trusted online real estate platforms like PropertyPro.ng. Using the online platform or method to sell your property guarantees you more reach to interested property buyers. It affords you more with little efforts. You also get tips and professional advice on how to best sell your property when you use online platforms.

The downside to the online platform or method is that the listings might not contain updated information about the property that a buyer makes at a glance.

Fix A Price For Your Home

This is probably the most important part of the transaction to both parties – the seller and buyer. It is the crux of any real estate transaction that determines if the sale is made or not. It is an important aspect of selling your property. Before you fix a price for your home or property, you need to consider some things.

Get Your House Valued

To get a good market value for your house, it is advisable to seek the service of a real estate professional. Doing an approximation or assumption on the price of your property is not the best. You don’t want to end up underpricing or overpricing your house. It is important to get a price from a professional because it is what decides if people do business with you or not.

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Time is Everything

In selling a property, timing is everything. Time as a factor determines if you sell quickly or not. If you intend to wrap up everything as quick as possible, then you must pay much attention to your timing. It also helps you get the best value for your property. Consider the season; for instance, in Nigeria, the dry season is usually the best time to sell your property compared to the rainy season. Another consideration is the time of the year; choosing to sell a property in December or January is not advisable because most people are away on holidays or don’t have funds to spare.

Leave Room For Negotiation

No matter the price you set for your property, always leave room for negotiation. People often like it when they have options to bargain. You don’t want to lose a potential buyer because there is no room for negotiation on your advert. Be open to negotiation, always.

Close The Sale

This is practically the last stage and you are ready to cash in your property. When you finally get a buyer who is willing to make payments, the logical thing is to close the sale as soon as possible. Waiting to see if you get better offers might also mean you lose the buyer. Sometimes, house owners or property owners feel attached to their properties, thereby making the transaction drag, even after agreements. Always ensure you close the sale once the necessary documents are in place.

Kindly share other tips that are not mentioned in the article with fellow PropertyPro.ng readers.

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