Danay Center, 9th floor, Facing Dekwaneh Municipality, Dekweneh, Lebanon.
Thinking of Selling?
The Global Financial Crisis has had an effect on every type of market throughout the world and none more apparent than the real estate markets of the Middle East. But no market stays the same indefinitely and the Lebanese property market is clearly showing the best set of conditions in nearly five years.
A significant decline in the amount of properties on the market for sale has created a situation where there is little choice for purchasers. At the same time significant interest rate falls since late 2011 have encouraged more buyers back into the market and this combination of lower numbers of properties for sale and an increased numbers of buyers have led to the best selling conditions in five years.
Will these conditions last forever? The answer has to be no as markets are always changing. Our very low interest environment will not stay with us forever and as the economy picks up we will see interest rates rise once again. We are also speak daily to potential sellers and there are a large number postponing the sale of their properties until early 2013 so we saw an increase in volume of properties for sale in 2014 till today.
So for those thinking of selling at present the current conditions are the best we have seen in five years and should be taken advantage of.
Selling your home is all about presenting it in the most desirable way possible! Emphasising the best features of the property to potential buyers will help you to garner interest and begin working towards a settlement. However, there are a number of things that can turn people off your home quickly, leaving them with cold feet and you without a sale. You don’t get a second chance to make a good first impression, and impressions are what counts if achieving a premium price for your property is what it’s all about.
Here are some of the more common areas that vendors can improve on when trying to sell their homes:
Unkempt outdoor area
Ensuring you take the time to trim back your garden and lawn is an essential thing to do before opening your home up to inspections. An overgrown yard can leave a bad impression on buyers, whose attention you want to capture during these open sessions.
Furthermore, proving that the garden can be maintained with ease will often help you sell the home. After all, most buyers are extremely busy and don’t have the time to tend to a garden. Highlighting how good the backyard can look with a simple trim of the bushes and a trimmed lawn could work in your favour.
Declutter the home
This doesn’t just mean getting rid of boxes and other unsightly things around your home. When you have an open inspection, be sure to hide anything that makes the home look busy and claustrophobic – buyers are often looking for large, open spaces to fill with their own belongings.
Taking down any sentimental pieces – like family portraits or university degrees – for the showing works along the same line, allowing people to imagine how they want to use the wall and floor spaces if they decide to pursue the property.
While this may sound boring, most buyers looking into purchasing real estate won’t be looking for brightly coloured feature walls or vibrant kitchen cupboard handles. Keeping your colour tone as neutral as possible will help you appeal to the widest number of people.
Palettes like browns, greys and whites are inoffensive and chic, which could make your home appealing in a modern, sophisticated type of way. Avoid emotive colours like red, orange and bright blues in lieu of these more muted tones.
Selling your home is a huge event. But you won’t have much success if your house looks dirty or smells musty. Now is the time you should clean your property as thoroughly as possible in order to present it in the best light.
Professional carpet cleaning, bathroom cleaning and more – all these things need to be done ahead of an open inspection to help you appeal to the largest number of people and find the perfect buyer for your home. To preserve this cleanliness, consider getting a nice rug to put down near the entranceway or in popular foot traffic areas to avoid dirt and other mess from being dragged in from the outside.
Hide your pets
One thing to remember is many people don’t like animals and will be turned off from your home if they know you’ve been sharing it with a furry companion. During the open inspection day, consider taking your dog to a friend or relative’s home for a period of time to get it out and away from the house.
Furthermore, when you’re cleaning your home make sure to get rid of any and all evidence and signs that an animal has lived there. This means fur on couches, dirty paw prints and food bowls should all be cleaned, scrubbed and put away.