Advice from Tenerife Estate Agents: How to Sell Your Property Successfully

Tenerife is a popular destination with property investors. In 2022, 600,000 properties are estimated to be sold in Tenerife – more than any other European destination. Selling your home can be stressful and involve a lot of pressure. Don’t let your property attract the wrong buyer you don’t want! They may demand outrageous price offers, drag out the process or even not pay up once agreed!

Selling property in Tenerife with Tenerife Estate Agents can help you get a better sale price for your property, ensuring it sells quickly and for a good buy. Here’s some advice from Tenerife estate agents on how to sell your property successfully.

Prepare for Your Sale

Gather all the documents related to your home’s sale and prepare them. It includes information about the property, planning permission, building regulations, etc. The buyer will want proof that you own the property, so ensure you have all relevant documentation.

Get an Estimate from Property Valuer

It will give you an idea of your home’s worth and the improvements you may need before it can be sold for its full value. A surveyor will also assess structural issues such as dampness, leaks, or subsidence, which could affect the price you get for your property or add costs if they are not dealt with before the sale date.

Get Your House Ready to Show

People who view your home will judge its condition based on how it looks. Ensure all rubbish has been cleared from the garden and all furniture is clean and tidy. Also, pay attention to any repairs or maintenance, including painting or replacing carpets.

Advertise Property Appropriately

Advertise your property through estate agents. It is probably the most common route and involves a commission fee of between 2% and 5%, depending on the price of your home. 

Also, find a buyer yourself through online advertising or newspaper classified ads. This method may be cheaper but doesn’t guarantee you’ll find a buyer quickly. There are also risks associated with selling privately, such as having no protection if something goes wrong during the sale process.

Ensure you have pictures of your property online. It will allow people to see what your home looks like and whether or not they want to view it. Ensure that you have all the relevant details about your house available online so potential buyers can find out everything they need to know about the property before viewing it. It includes information about how many bedrooms there are and how much space there is in each room and any other information which may be relevant. 

Set a Realistic Timeframe for the Sale

The time frame in which you will sell your house will affect the pricing of your property. If you think it may take a while, you should set a deadline and aim to achieve a sale before this date. If you don’t, there is a risk that buyers will lose interest and look elsewhere, potentially missing out on a good deal.

If you price your house too low and sit on the market for too long with no offers, it can negatively affect your sale.

Ensure You Have an Agent on Your Side

Choose an estate agent who has sold properties in your area and knows the market well. It will give them an advantage over other agents who may not have as much experience selling properties in your area.

When looking for an estate agent to sell your property, you must ask friends and family members if they have any recommendations. You should also check out online reviews of estate agents in Tenerife by reading their testimonials on their websites or through Google Reviews. 

Get Feedback from Potential Buyers

Buyers can tell you what they liked and didn’t like about the property; this information can help you make changes before putting it back on the market. Ask people to give an honest opinion about how much they would be willing to pay for the property. It will help you establish what price range would be realistic for sale in today’s market.

Negotiate Professionally

To negotiate successfully, you need to know what you want from the deal and the other party’s needs. You should also know what the market’s like and what price people are willing to pay for your property or house.

Any negotiation starts with an opening offer showing how much your property is worth. It will usually be lower than what you expect the final price will be, so ensure that it’s realistic but not too low either!

Do your homework thoroughly. You don’t want to overlook anything that could prevent your home from selling for the best price possible. Look for an experienced agent and ask them what they can do to help you get more money for your property. Armed with knowledge will help you decide which course of action is best for you and your home sale.