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You may find it quite daunting to sell a property if you’ve never done it before. It’ll be an even bigger challenge to sell it for a decent profit. There’s so much to ascertain, and so much to execute, that it’s sometimes hard to decide where to kick things off from.

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Here’s some help you can use. This article leads you through the steps on how to sell your house, warehouse, office space, or other kinds of property for a good sum.

Prepare The Property For Sale

First, you’ll need to get your property in good shape. The more aesthetically pleasing it is, the better. You’ll raise your chances of selling for a nice profit if you can spruce it up for your prospective buyers.

In practice, this will mean repairing damaged features within and around the property. You may also want to replace old fixtures too. And if the space has lost some of its sparkles, you can repaint it so that it takes on a new look.

If you renovate your property, it should fetch you a higher return on the market than it would if you leave it as it is. Of course, you’re going to factor in the cost of priming it up for sale when you’re fixing a price for it.

Set A Price

Your next step will be to set a price for your property. This is something you’ll want to do with the help of a real estate value estimator. People who are experts at this can review multiple relevant factors and arrive at a fair valuation for your house or office space.

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One thing you should consider when setting a price for your property is its location. A two-storey building in Yaba, Lagos will probably not sell for the same price as a similar structure in Dutse, Jigawa State. Find out what the average price is for buildings like yours in its neighbourhood. It could give you an idea as to what a decent price for your property would be.

You might also want to go with a negotiable price. Most Nigerians will want to be able to negotiate to price for real estate. Aim for a good deal by all means, but make sure the buyer feels they’re getting a bargain too.

Find A Buyer

Don’t just wait for clients to come your way. Try to make it easy for them to find your property. This could involve you advertising it on both online and offline channels.

Tell all your contacts about your offering. They could in turn inform the people they know about it. You may eventually find someone who’s interested in the offer. Try using physical notices and signboards close to the property as well. Just be sure to include your contact information on them.

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Put up details and pictures of your property on property listing sites. You can do this on ConnectNigeria.com. Provide all the information that a prospective buyer would need, and use clear, professionally taken photos of its interior and exterior. Again, make sure to include your phone number in the listing.

We would advise that you work with a real estate agent who can help you find buyers. This is especially important if you have only a limited knowledge of the real estate business. A real estate agent could ensure that you get a good deal for your offering.

Sell The Property

Don’t rush the process of selling your property. Patiently engage prospects, and only settle for a deal if it’s favourable to you. But when you do reach a decent agreement with a potential buyer, try to close the sale as quickly as possible. If you drag your feet at this stage, you may end up losing the client.

Final Words

You shouldn’t have to struggle to sell a property. Take the steps we’ve talked about here, and you’ll stand a good chance of landing a great deal for it.

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This article was first published on 20th May 2022

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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