Archive for October, 2009

Create Good Rental Listings

October 2nd, 2009

The first step in successful property management is getting tenants interested in your property. Good rental listings are an essential part of bringing tenants in to your property. Create good rental listings by using the following tips.

Grab their Attention

Much like writing a newspaper headline, rental listings should reach out and grab the reader?s attention. Be creative and come up with a headline that would even catch the eye of someone who?s not looking to move.

Create a Visual Impression

Use descriptive words really bring the highlights of your property to life. Pump up the good points and use effective wording to seal the deal.

Provide a Visual Impression

Don?t rely on your words alone, add photos to your rental listing to get the biggest impact and to really show off the property.

Note the Neighborhood

Find something about the neighborhood to brag about. If your rentals are in a great neighborhood then let the reader know you?re located in the coveted or prestigious neighborhood X. Or advertise the close bus route which may be helpful for students, whatever appeals to your typical renter.

Remember the Basics

Don?t forget to list the basics, how many bedrooms, the rent, parking, your rules on pets, hours for the showings, lease length, your website and contact information. Include those things that most people want to know right off the bat, this will help draw the right people to you and will avoid some wasted time on phone queries.

?If you create a good rental listing that really does your property justice you?ll attract the right type of renter and you?ll be much happier in the long run.

Pricing a House to Sell

October 1st, 2009

New Construction Exterior
Selling a home can be an emotional experience and leave you confused at what price is actually fair and reasonable. The first step in selling your home is to recognize that you are making a business transaction and divorce yourself from any emotional attachment to the home.

Look at the Market

Familiarize yourself with the local market and learn what else is for sale, find similar homes and look at their asking prices. Keep neighborhood, size, amenities, length of listing, and other key factors in mind.

Research Pending Sales

The price of pending sales isn’t advertized or available until the sale is finalized, but your realtor may be able to find out or you can call the listing agent and ask yourself. This will let you know what price range is hot in your local market and where you compare.

Local Market Trends

Most of the housing market is in a downward trend or a buyer’s market but some regions are starting to pick up and seller’s are having more luck, but a neutral market will have to come about before it’s an actual seller’s market. This will dictate your home price as much as anything else.

If you have a realtor then they can be of great help in this area. They won’t be able to set a price for you but can give you some helpful advice and can provide assistance with your research.

Creative Commons License photo credit:?patriotweb