Follow These Tips to Sell Overseas Property Fast

20230526052328_64704250bbaee.webp

Selling a property abroad is similar to selling at home. You have to make the home look inviting to buyers. However, in the UK and some other countries, you have to report your sale and pay a capital gains tax as a citizen selling property abroad. Whatever your reason for selling overseas property, here are some tips to help you sell fast.

  1. Set the right price.

Don't try to ply smart. It's normal to want a high price for your property but when you price too high, people will walk away. Buyers are wiser now. They also check comps. Your prospective buyer, who'd likely be a cash buyer in the US, China or Russia would check similar homes in the neighborhood. If he notices something fishy, he would walk away without a second thought. If many people are walking away from your home, that will keep your home on the market for the long hull. This will leave a bad impression like a big greasy stain on a white-painted wall. You want to find an agent who'd help you set the best price for your overseas property and set a right first impression.

 

  1. Use Online Marketing to Great Effect.

This is something that you can rely on your real estate agent to do for you. The idea is to promote property abroad, on foreign property portals, blogs, online forums and social media. Your ads should be highly targeted and be where potential buyers are likely to find them.

 

Relying on the marketing strength of local agents may not be enough to sell your property in a slow market. They may not put in the marketing effort to advertise individual listings - after all, it's an open listing and anyone can sell it.

 

Private sellers can advertise their property abroad on Properbuz for free, for the time it takes to sell the property. The statistics are very clear - your buyer will start his/her search for property online, almost exclusively. So all you need to do is join them. List your property with us to expand your reach.

 

  1. Pictures tell a story

The pictures or images make all the difference to your prospects of selling property. Professionally taken photographs that emphasize the best features of the property increase the chances of getting the house sold faster. It is always better to hire a professional photographer for this purpose than to do it yourself. Also, make sure your home looks your best before the photo shoot. Have small renovation jobs such as gardening and painting done, for example, without spending too much on it.

 

 

  1. Cleaning

No one imagines themselves living in a shed and so your buyer will want to see a very clean house that they can make their own - even if they turn it into a pigsty as soon as they move in. So, clean your house.

Previous Post

5 Additional Costs to Budget For When Buying Property Overseas

Next Post

Tips To Get Mortgage for Your Overseas Property Purchase

Related Posts

20230526050600_64703e3833fb5.webp

4 essential money tips when traveling overseas for work

  • 07, December 2022

Money-saving tips for work-related travel

 

Travel is exciting, whether for work or personal reasons. While traveling for work should sound stressful, strangely it usually isn't for many millennials. Add in the perk of having your trip financed by a third party, probably your company or client, and it might get way too exciting. So much so that you start dipping into your own cash reserves.

 

While you may not be the one spending the money. Traveling overseas for work presents a great opportunity to save up some cash, probably enough to travel again in the future.

 

The first step as with any frugal spending approach is to sit down with pen and paper and examine your budget; what is essential and what is trivial. What can you live without and what is crucial. Keep these four money tips in mind when next you're traveling for work.

- Consider going for cheaper accommodation. An economical option might be opting for short-term Airbnb units instead of expensive hotels. There are also services, like Homestay, which allows you to stay with a host in your destination for a reduced price. Often, you get to mix with the locals and actually experience what living in that city or country feels like. However, ensure to find out if this wouldn't be in violation of company policy.

 

- Check out cheaper airlines. You can snag a deal on flights and other essentials with a service like Lowfares that allow you to compare rates on airfares, hotels, and car rentals. Another tip is to travel during off-peak periods.

 

Generally, weekdays, especially midweek, are a great time to secure cheap rates. FareCompare CEO, Rick Seaney, in an article on USAToday https://eu.usatoday.com/story/travel/columnist/seaney/2018/01/02/best-and-worst-days-fly-2018/995658001/ , puts Jan 9 - March 16 as the cheapest times to fly through Europe. Since prices drop as much as 40% over holiday fares.

 

- Cut back on restaurants and drinks. Money spent on food per day can easily add up, especially when you're not the one spending. However, it only takes a little discipline to be thrifty and get some cash saved. One tip is to plan out what you'd eat every day and how much you want to spend. Don't get too cut up in the local cuisine, while ignoring your pocket. An advantage of a service like Homestay is that it allows you to spend little on food.

 

- Teach a language or offer a service. You can try a service like Diverbo, which will cover some of your vacationing costs and in exchange, you help locals with their English. AdventureWork shows listings of jobs in the adventure space. Folks literally pay you to teach skiing and snowboarding etc. You can also babysit or teach a language. https://www.forbes.com/sites/laurabegleybloom/2016/07/27/23-companies-that-will-help-you-travel-the-world-for-free-and-maybe-even-pay-you-to-do-it/#4e5d1881e0fd . So, if you have some free time on your hands, you can consider offering a service or volunteering.

 

There are also discount services or loyalty rewards on hotels and fares. You can take advantage of these if you frequent the same location multiple times a year.

 

Traveling overseas for work presents an opportunity to work, have fun and maybe get enough money saved up to finance your next travel.

By Bebuzee Admin Read More
20230526050434_64703de24d9ed.webp

2023 Housing Market Correction: Forecast for the Rest of the Year

  • 09, January 2024

If you're in the market to buy or sell a home in 2023, you may be wondering what the forecast is for the housing market. With predictions of a housing market correction on the horizon, it's important to stay informed on the latest trends and predictions.

In this article, we'll dive into the 2023 housing market correction: forecast for the rest of the year. From what's causing the correction to how it will impact buyers and sellers, we've got you covered.

Introduction

The housing market has been booming for the past few years, with low interest rates and a high demand for homes driving up prices. However, experts are predicting that the market will experience a correction in 2023, which could have significant impacts on the real estate industry.

2023 Housing Market Correction: Forecast for the Rest of the Year

The housing market correction in 2023 is expected to be driven by a combination of factors, including rising interest rates and an oversupply of housing inventory. As interest rates rise, it will become more expensive for buyers to take out mortgages, which could lead to a decrease in demand for homes.

Additionally, there has been a surplus of housing inventory in certain markets, which could lead to a decrease in home values as sellers compete to sell their properties. This oversupply of inventory could be attributed to a combination of factors, including a decrease in immigration and an increase in new home construction.

Overall, the 2023 housing market correction is expected to lead to a decrease in home values and a decrease in demand for homes, which could impact both buyers and sellers.

How the Housing Market Correction Will Impact Buyers and Sellers

For buyers, the 2023 housing market correction could mean lower home prices and less competition. As home values decrease, it may become more affordable for buyers to purchase a home, and there may be fewer bidding wars and multiple offers.

However, buyers may also face higher interest rates, which could make it more expensive to take out a mortgage. This could impact the overall affordability of buying a home, and buyers may need to adjust their budgets accordingly.

For sellers, the 2023 housing market correction could mean lower home values and an oversupply of inventory. This could make it more difficult to sell a home, as sellers may need to compete with other properties on the market. However, sellers may also benefit from lower interest rates, which could make it more attractive for buyers to take out a mortgage.

Overall, the 2023 housing market correction is expected to impact both buyers and sellers, and it's important for both parties to stay informed on the latest trends and predictions.

Top 10 Housing Market Trends for 2023

While the 2023 housing market correction is expected to have a significant impact on the industry, there are other trends and predictions to keep an eye on. Here are the top 10 housing market trends for 2023:

  1. Interest rates will continue to rise, impacting affordability for buyers.
  2. The oversupply of housing inventory will continue in certain markets.
  3. Home values will decrease, making it more affordable for buyers.
  4. The demand for single-family homes will continue to increase.
  5. The rental market will remain strong, with high demand and low vacancy rates.
  6. Technology will play a larger role in the real estate industry, with more online tools and virtual tours.
  7. Sustainable and energy-efficient homes will become more popular among buyers.
  8. Cities with lower cost of living and job opportunities will see an increase in population growth.
  9. Luxury home sales will remain strong, with high demand from wealthy buyers.
  10. The real estate industry will continue to face challenges with affordability and accessibility.

ALSO READ: Home values will decrease, making it more affordable for buyers.

By Bebuzee Admin Read More
20230526051321_64703ff1b5737.webp

5 Easy Home Design Ideas to Make Over a Room

  • 02, September 2023

What goes on in your head when moving into a new home? Foremost, how do I turn this empty shell of a house into an inviting home that reflects my own personal style? You don't want a bland and boring house. Your new house offers a new start. You can eliminate the junk and put in new digs; you can buy that bed you've always dreamed about; or beef up the kitchen and dining area for maximum comfort and entertainment. The great thing about home decoration is that you have the chance to improve your home's appearance without spending much money. Let's look at some home design ideas for giving each room in your house a makeover.

 

When giving a home a facelift, sometimes simple solutions can have a big impact. Here are some inexpensive home design ideas to give rooms a new lease of life.

 

1. Don't rush. You need to take a little time before starting major decor projects in your new home. Take some time to let in the feel and observe what the home needs before buying major stuff. HGTV recommends staying in the house for two months before making significant purchases. You might be spending money on the wrong areas. For example, instead of spending $5,000 on revamping and putting new features in your bathrooms, you might find out that you could spend half the price to get your bathroom in great shape.

 

2. Add color to walls. For people who get out early, a light shade will do while a deep tone will make the house more homely for those who spend more time indoors. You can also make a statement with a feature wall. Adding a lick of paint to your walls is an inexpensive way to give your room an instant lift. Whether you decorate your entire room in an intense shade or opt for a stylish two-toned plan, fresh color on your walls guarantee oodles of glamor.

 

3. Pare down. Now it's time to reassess and evaluate what works and what doesn't. Don't pack everything from your old home over. You don't really need everything you've accumulated. They will only make rooms stuffy. Having a new house gives you chance to try out a fresh approach. This means you can pare down on tired pieces that will only clutter up your space. You can sell these items off on eBay or drop them off at a charity shop.

 

4. Use right lighting. Transform the mood of rooms at a cheap price with the right lighting. You can also invest in dimmers to switch from bright to low lighting. When decorating bathrooms, try out stylish lights. For bedrooms, buy a fresh shade for lamps. You can give your room a cohesive style with stylish lighting.

 

5. Update roller blinds. Whether you go for a subtle floral pattern or statement stripes, roller blinds for your windows are great low-cost, high impact options for designing rooms. They can transform your dull windows and complement other designs in your room.

Less is often more when decorating and less is also eco-friendly. No matter how small your space, you can always let your creativity shine through.

 

By Bebuzee Admin Read More