In this article, we will cover a crucial For Sale by Owner home-selling tactic: how to stage a bedroom to sell a house fast.
Have you tried rendering a heat map of rooms most frequented in your house? You’ll discover the bedroom is where most people spend their day, unawake or half-asleep. This precious space is also one of the first places buyers check during a walkthrough.
Few people actually sit on showroom beds, let alone lie on these. It’s safe to assume a well-staged bedroom will remain untouched during a visit. With this in mind, prep your bedroom like the experts do. People won’t even dare touch the pillows!
Staging a bedroom in a For Sale by Owner home is so easy, you can even tidy up a few minutes before someone walks in. We won’t let you stress yourself out that much, though. Here are 5 staging tips you have to consider, if you’re after converting prospects to buyers.
Tip #1 : Intimate but not isolated
Visitors will note the vibe as soon as they walk in. Is it comfortable, and will they imagine themselves catching forty winks on the bed? Staging the bedroom with sense of intimacy is crucial, especially in the master bedroom. You don’t want people to feel the bedroom is merely an extension of the living room, or (gasp) the dining room.
Ample lighting does wonders to the ambiance, natural light is preferable. Curtains are also better than blinds, because these disperse light and doubles as design elements. If you spend most of your sleeping hours in the bedroom, chances are your For Sale by Owner buyer will do the same.
Tip #2 : Don’t overfill the bedroom!
You’ll be tempted to dump a cartload of pillows on the bed, and a life-sized teddy bear. You need to leave a spot to sit on! Many sellers will attempt to doll up the room and make it more exciting by bringing in too much stuff. Staging a bedroom is one thing, but overdoing the presentation is another.
If you were in the buyers’ shoes, which items in the staged bedroom would you actually keep after the For Sale by Owner sale? Which do you keep in storage, throw away? Keep in mind function complements form, and this isn’t the case if the bedroom looks like a hoarder’s nook.
Tip #3 : Get rid of things that don’t belong.
We’re referring to that treadmill on the corner you barely use, also that 40-inch TV mounted on the wall. Your definition of restful may be different from the majority of your visitors’.
As side note, also get rid of evidence of things that don’t belong. If you let pets roam free around the house, these will leave traces of their existence (not the nasty kind) visitors will immediately recognize. Scour the bed for strands of pet hair. The deal is off if your potential buyer finds a tick cosily nestled in a pillowcase fold!
Tip #4 : Spare plenty of time for clean-up, especially in scheduled visits.
You’ll overlook a lot because you’re too familiar with the space. The bedroom is also a spot you frequently use, so there’s always something to tidy and clean up. Sure, you can depend on adrenaline to make quick adjustments a few minutes before someone visits. But when people open closets and drawers, will they like what they see?
It’s best to think of your home as a showroom from now on. You can sit and lie on beds, but leave everything tidied when you get up. Make sure your closets are always in order, take out the laundry hamper, and don’t stuff toys and knickknacks on the drawers!
Tip #5 : Neutral styles and colours
It pays to moderate on customization, since you’re after mass appeal. This is a challenge if your bedroom looks like it belongs in the Victorian era. Nevertheless, make an effort to adopt neutral styles and colours not only in the bedroom, but throughout the house. Your goal is to simulate a showroom out of a lived-in house, so a balance of neutral and homey is crucial.
Visit showrooms if you’re having trouble creating this vibe. Notice the staged arrangements are appealing enough to imitate, but with your preference in design applied? That’s how your bedroom should look like.
A well-staged bedroom builds your pitch to For Sale by Owner home buyers. Complement this with a functional kitchen and bathrooms and you’re set for closing. Many buyers are willing to overlook minor flaws so long as you have these spaces covered. Adopt the seller’s mindset, and consider your home already sold.
For Sale by Owner Home Sales
Think selling a house by yourself in Australia is difficult? Think again! Zerocommission.com.au has helped hundreds of homeowners in the country sell their house fast without an agent. You get to save thousands and thousands of dollars that would otherwise have gone to the pockets of real estate agents. Learn how you can sell a house privately by visiting our site.
You’ll love these other blog posts we wrote to help our clients sell a For Sale by Owner home:
- 5 inexpensive ways to stage an apartment to attract a buyer or tenant
- 6 tips when selling a real estate property to family
- 9 reasons to share your No Agent property for sale on Facebook
- The only checklist you’ll need after selling a house
- Selling a home privately? 5 tips to market your listing
Few decisions are as difficult as selling a business, especially a family business. It doesn’t matter if you’re selling at a loss or for profit, there are probably more hang-ups involved here than quitting a job or moving to a new home.
However, there’s no reason to fret. Keep in mind this is a practical move. This can help in holding emotions at bay. The process is easy enough, but how do you facilitate the sale of a family-run business?
Here are five strategies to help you navigate this, from preparation to closing when selling a business:
Step # 1: Talk it out with your team
Selling a business your family owns is unique because some employees are likely close friends and relatives. Have you tried telling family you’ll have to let them go because the business is to be acquired? Be prepared to deal with frustration, disappointment, and a lot of questions before the meeting is through.
It’s best if you talk with them way ahead of the sale. This provides time to process the news. Listening is one thing you’re supposed to do during the meeting. Let everyone air their side, compose yourself and respond if you have to.
Step # 2: Have a disinterested party conduct the business valuation
Running a family business for many years can skew your perception of value. Often the asset’s sentimental value is mistaken for practical value. Hiring service to conduct the appraisal is a crucial step. You’ll have a realistic estimate that’s competitive with the benchmark price.
A disinterested party prevents you from overestimating the value when selling a business. On the flipside, you might also realize the business is worth far more than what you initially thought.
Step # 3: Draft a short list of negotiable and non-negotiable terms
It helps to have this list handy! Are you good with selling everything including the kitchen sink? Which fixtures or equipment would you hold back to keep a fair deal in a compromise? How much are you really willing to settle for, when push comes to shove?
You need to deal with the hard questions now so you’re unfazed later on. Keep in mind there are many negotiable options in selling a business. Price is but one of them. Anticipate curve ball offers, and have contingent counters in mind. If an offer is too low, for example, you might want to keep equipment and furniture to compensate.
Step # 4: Timing is crucial
The waiting game is on, and you have to know when to hold or fold. The rule of thumb in getting a good price is: sell when a buyer is ready to buy, not when you’re ready to sell. This sounds counterintuitive, yes, but remember buyers are out to score deals. Your willingness to score the deal can be perceived as desperation, and no bargain is off-limits to the desperate.
If you’ve been planning to sell the business for quite a while, don’t wait for the last moment before you make a move. Keep watch on the market. Scout for potential buyers. Don’t hesitate if you find one with an offer you like, because you never know when a sweeter deal comes along.
Step # 5: Hire someone to do your legwork
While selling a business owned by your family is doable on your own, there’s no doubt it’s easier if you have experts calling the shots. If you’re keen on going gung-ho, remember the buyer might hire experts his side to negotiate. It’s best you’re represented to ensure the deal ends up fair and in your favour.
Buyers will woo you to sell their way, which is good because you’re in demand. Having an ally who can help you sort out the riffraff is always an advantage. You never really know what buyers are hiding under their sleeves.
Selling a Business? Let Us Help
Square your shoulders and keep a game face on – you have assets to sell! Selling a family-run business takes an emotional toll, no matter how smooth the process is, or how much you’ll gain from the sale. This is why hiring an expert is all the more important. You’ll have an advocate on your side who can showcase your business for sale to potential buyers.
For $299 and not a penny more, zerocommission.com.au will list your business for sale online, keeping it in the radar of serious buyers in Australia. Your listing will stay online until your family finds a buyer for your business. Learn more by clicking here and sell a small business today!
Serious about selling your business? You’ll love these other blog posts:
- 5 pitfalls to avoid when selling a small business
- 7 magic words to use in a For Sale by Owner listing
- 5 ideas to ramp up your marketing campaign when selling a business
- Sell a business using social media: 5 effective tips
- 4 common tips to avoid when selling a business in Australia
Do you have a small business for sale in Australia? Selling a business privately is easy if you’re prepared for the process. It’s even easier if you hire help to facilitate the steps.
How do you ensure you get the better end of the deal? Well, for starters, there are a few pitfalls you need to avoid off the bat. Even the most seasoned sellers make mistakes. Revel in the comfort that you’re in good company.
Should you wait or jump the gun? Should you set the price high, will you accept lowball offers? How do you curb your expectations so you’re not disappointed when the deal closes? These questions keep sellers of a small business for sale up at night. Keep a clear head and watch out for these five pitfalls, so you don’t end up selling your business at a bargain.
Pitfall # 1: Doing it all on your own
Don’t assume you can pull all the strings, even if you’re confident you know well enough to do so. Note that even the larger companies hire a team of specialists to do the legwork. If cost is a concern, then only hire consultants who’ll advise you on big decisions.
Depending on the size of the business you’re selling, consider hiring specific professionals to divide the workload. Hiring talented individuals should be first on your to-do list, right after you decide to find a buyer for your small business for sale.
Pitfall # 2: Having the wrong timing
Your advisers help you determine the best time to sell, which is dependent on market conditions and the nature of your business. You need people to calm you down, though. Even if the market is up, your business may not benefit from this trend. On the flipside, there’s a chance you’ll miss a good opportunity if you wait too long to sell.
Consultants can point out your blind spots before you make a move when it comes to your small business for sale. Maybe you should improve the business’s financial situation, or wait a few more weeks until the market ripens.
Timing is crucial when selling a business. It’s vital you have experts who can back you up.
Pitfall # 3: Erroneous Expectations
Rookie business sellers should be cautious of setting high expectations from deals. It messes the process, and good opportunities and offers pass by unnoticed. Many consider their business valued way higher than the market price, disappointed when they’re offered low-ball prices, or worse, ignored by prospects.
Here’s one standard you can use to benchmark your selling price: find the median selling price of similar small businesses for sale in your area. You’ll know the high and low limits. You can also set a price that can compete. Advisers also offer great insight on this end.
Pitfall # 4: Failing to plan ahead and setting a timeline
If selling the business was your exit goal from the start, then a strategy should already be in place. In case there’s plenty of catching up involved, then the minimum timeline for the planning is six months. This is a good timeframe if you have a small business for sale.
You need comprehensive, documented financials to present to prospects. These take time to develop. A longer lead time also gives you more headway, building the business until it’s ripe for the picking.
Pitfall # 5: Selling to the wrong buyer
Should you sell to the highest bidder? If money is the end goal (it usually is), then yes. But what if the buyer intends to acquire your business so it eliminates one of the competitors? What’s your motivation for starting and selling the business? Will you allow your novel service hijacked and killed by a competitor?
If the promise of continuity is music to your ears, then you should meet buyers head-on, ask what they would do after the sale. You could be offering something revolutionary, and buyers might toss it aside as detrimental to their business. Be wise when choosing buyers for your small business for sale. Ensure you’re on the same page before you commit.
Have a Small Business for Sale?
Selling a business is not at all difficult if you approach the task the smart way. You have to make the most out of the deal. Think the process through before you sell, and seek the counsel of experts. The investment you make pays off with bigger profits, and a deal that favours your interests in the end.
Zerocommission.com.au is here to help you with your small business for sale. For a nominal and one-time fee of $299, we’ll list your business for sale on the top websites in Australia. Visit our site to learn more about selling a business privately.
We put together a list of other blog posts we’re certain will help you close the deal:
- 5 ideas to boost your small business marketing
- How to use social media to sell your business in Australia
- Learn how to write property description that will attract buyers
- Top reasons to sell without an agent
- 4 common mistakes to avoid when selling a business
If you have spare real estate, it makes sense to start looking for renters in Australia. Leasing privately will earn you passive income from your investments.
Like any money-making venture, there are tricks to the trade. Nothing gripes a good landlord more than a pesky tenant. Fortunately, the pros far outweigh the cons. Leasing an apartment or house is lucrative business. It also helps pay off the mortgage. Get in the game with a good start by tapping into all the sound advice you can get.
If you’re a new landlord looking for renters and you’re wet behind the ears, this list is for you. With these tips, you can avoid visiting the property and discovering five people have nested in the space.
Here are 5 tips to keep in mind for a smooth life as a new landlord:
Tip # 1: Set a long-term timeline
It’s great if your property is raking in revenue at the get-go. Sometimes, it does take time to break even and earn profits on leased space. Set your sights on your personal end game–be it paying off your mortgage as soon as you can, or saving money for a specific goal. This requires sheer commitment, which you’re tempted to break every time the monthly check comes in.
Before you spend the rent money on a beach getaway or a new car, consider how this impacts your long-term goal. Think of leasing privately as a marathon—you should never sprint on a marathon.
Tip # 2: It’s a numbers game when leasing privately
Expenses can pile up. After you’re done with the task of looking for renters, you need to treat your tenant-landlord contract as a business deal. Aside from the upkeep and maintenance of the property, set money aside for administrative costs and taxes.
Stay on top of the situation by figuring out how to spend revenue when you receive it. Prioritize urgent over non-essential costs. As a new private landlord, don’t fall into the trap of fixing everything at the same time. Spend enough to maintain the upkeep, save the rest.
Tip # 3: Organize commitments, have a landlord checklist
Being organized will prevent you from wanting to pull your hair out with your bare hands. Have you covered everything to ensure the property is code-compliant? What requirements should you meet before a tenant moves in or out?
Rules on upkeep vary between locations. Write down scheduled maintenance work like pest inspections and other events specific to the property you’re managing.
It will pay off to write it down. You’ll feel better every time you tick one item off the list! A well-drafted list will save you a world of hurt in the years to come.
Tip # 4: Befriend paperwork
Everyone hates filling out and filing forms, but there’s good reason why deals are sealed in ink. How would you feel if your tenant pays the month’s rent with a bag of 50-cent coins? You’ll avoid this insult if you stipulate in the terms your preferred payment methods.
Forms protect you from abuse and sleights-of-hand tricks. Tenants will have an excuse to skip rent if they want to, but you can counter and remind them late payments come with penalties. Follow up with forms signed by all concerned parties. Dispute resolved.
Tip # 5: Be picky with tenants
This is rookie lesson you don’t have to pay hard to learn. When looking for renters, avoid choosing family. Remember you’re leasing for profit; this mistake will mess with your business, and can ruin relationships. It’s easier to overlook terms of lease when the tenant is a relative, asking you cut some slack.
Ideal tenants are acquaintances (not friends) and colleagues. You know the tenant well enough, but you can keep the relationship formal. Conduct a thorough background check on strangers. Don’t grab the first offer that comes along. If the deal sounds too good to be true, it may end up as a problem.
Newbies and veterans face the same challenges in leasing, at least when it comes to due diligence. You’re better off not making decisions you’ll regret, though. It’s better to learn from the experienced, instead of learning from experience!
Looking for Renters? We can help!
For only $50, zerocommission.com.au will list your rental property on the best real estate websites in Australia. And how long will your listing stay up? Until you find a tenant! Visit our site if you’re looking for renters and earn that passive income today.
We’re certain you’ll love these other blog posts for private landlords:
- 5 mistakes private landlords should avoid
- Finding renters for your property: 5 tips to avoid bad tenants
- Rent my house: Terms to include in a lease agreement
- Good news! A free online tool for both landlords and tenants
- 5 advantages of leasing unfurnished property
If you’re thinking of selling a business in Australia, staying ahead of the competition should be part of your plan. After all, who wants to buy a business that doesn’t have its act together?
Is your small business up against heavy-hitters? Then it’s likely you’re willing to try anything to keep ahead! Great promotion faces the challenges privately owned small businesses face. Considering the stock of your competitors, how can your business shout louder in such a busy marketplace?
Strategy is only effective with proper execution. Your business is a lemonade stand: how can you outsell the kid across the street? You pitch a better case, sell a better product. Marketing is all about perception, and it’s the difference between products and services of equal value.
Here are tips to consider when selling a business in order to boost your chances of closing the sale. Since gimmicks have reputation of being conmen’s tools, these 5 are gimmick-free, sure-fire ideas:
Tip # 1: Give your stuff away, really
This may seem counterproductive for small businesses, but it’s the best strategy if you really take pride in your offerings. You get to attract a larger customer base quickly using this technique, something sure to pique the interest of potential buyers when you’re selling a business.
This tactic works well if you’re selling unconventional products, like beer-flavoured ice cream. Most people won’t bother buying in retail until they appreciate samples; this is why sample stands are so popular.
You shouldn’t skimp on the quantity of the samples, either. In the case of beer-flavoured ice cream, the sample should be a mouthful. If you’re giving away vouchers and coupons, the discount should put a dent on the actual retail price.
Tip # 2: Share your expertise at networking events
The most successful businesses thrive in communities. Go meet like-minded networks of peers and competitors. Who knows, you could even meet your buyer at one of these events.
Never shirk away from opportunities to contribute, especially if you have something of value to offer. When selling a business, you have to continue to build your business. Okay, there’s the urge not to share because of the competition, and for good reason. The rule of thumb is to offer anything that builds the industry, short of compromising your business’s advantage.
Networking is crucial if you’re service-oriented business. No conventions scheduled in your area? Then organize one. And don’t pass up the small gigs. Remember it’s all about contributing to community and networking when selling a business. The headcount of events shouldn’t be an issue.
Tip # 3: Maintain a regular podcast
It’s PBS on the internet, and you have full control of the content. If you’re plugged in to the community, then a regular podcast sweetens your prospects, both customers and potential buyers when selling a business.
Invite interesting guests to your shows, or even competitors (an adversarial approach always works). Talk about topics relevant to your audience, your clients and customers.
People love to share their stories, and a podcast is excellent platform for moderated discussion. You’ll establish meaningful ties with listeners as you educate them on topics you’re passionate about.
Tip # 4: Email updates to your customers
Build relationship with your customer base, but make sure you send email worth reading! Spamming your customers with the day’s best deals doesn’t help, unless this is part and parcel of your enterprise’s nature.
Some businesses send email once a week, others whenever there’s something of value to share.
The goal of emails is consistency, reinforcing your business as a reliable brand. Content should also be personalized, or at least relatable. Take your cues on email lists you’re subscribed to–what convinces you to read these regular updates?
Tip # 5: Support causes and organizations
There are plenty of causes to participate in, but you should have vested interest in these prospects. An Earth Day event should promote your brand as cost-efficient product or service. A charity food fair must market your product as the healthier alternative. Open your mind when selling a business is your goal. Be creative.
Charities and cause events are selfless affairs, but it’s also opportunity to promote your business as a viable brand and as a great deal. Your competition is maximizing on this advantage, so there’s no reason not to follow suit.
The Key to Selling a Business
Pull all the strings you can as you build your brand, take advantage of marketing tricks at your disposal. As a small business, what’s important is interested parties consider your business better than the competition. Drum up interest with promotion, and then back it up with products and services that deliver to expectations.
Want to get ahead of the game when selling a business? Zerocommission.com.au will list your business for sale on the top websites in Australia for a one-time nominal fee. Learn more on our site and sell your small business today!
Check out these other blog posts we’re sure you’ll enjoy:
- 5 ways social media can sell your small business in Australia
- 9 reasons to share your property/business listing on Facebook and sell quickly
- For Sale by Owner Tips: 5 things you must tell potential buyers
- Advantages of online real estate agents versus commission-based agents
- Why a For Sale by Owner deal is the best choice
Is foot traffic to your apartment down to a trickle? This is expected if your home for sale by owner has been up for lease or sale for some time. Why not renew interest through remodelling and restaging?
If competition is tight in your area, a do-over will boost your property’s appeal. In case you’re worried about the costs of renovations and upkeep, be assured only affordable and practical tips are on this list!
All you need is a fresh perspective on design. See your apartment from a stranger’s perspective. If you were a total stranger walking in for the first time, would you consider the apartment’s usual fare? Or would it stand out as the best space you’ve seen to date?
What we offer are 5 tricks professionals use in staging apartments, perfect tips for those with homes for sale by owner. It turns out the simplest alterations can radically change the ambiance. How much change? Enough to pique buyers’ interest!
Tip # 1: Take stock of your apartment’s flaws
Strangers note the smallest flaw at first sight. They will spot stains you’ve overlooked for many years! Familiarity doesn’t help you at this point, and it’s worse over time. Take inventory of the essential, even superficial repairs by evaluating your apartment like an appraiser, no ifs and buts.
If you’re so familiar with your property, you can’t see things from a prospect’s point of view. Have someone else routinely check on the apartment for about a month or so. Spend time away and then revisit with a walkthrough.
The flaws most people ignore in their homes for sale by owner will then appear unsightly. By following this tip, you’ll notice things you initially didn’t.
Tip # 2: Highlight the best of the basics
Don’t you think visitors deserve the courtesy of a new shower curtain? The smallest detail makes or breaks deals.
It’s not worth the risk of the few dollars saved. Brighten up rooms with new vases of real flowers. People appreciate the subtle gesture. Your apartment doesn’t have to fully furnished to be notable, but it shouldn’t be bare and boring either.
Here’s insider tip from professionals: invest in a “show bed” as centrepiece for your staging. Think of the most comfortable bed you’ve ever slept on, and furnish one in your apartment for visitors to check out. New beddings and sheets with high thread counts work wonders in homes for sale by owner!
Tip # 3: Leave a mark, make a statement
Your apartment definitely stands out from the rest if it has at least one unique element. It could be a loft, or a book case that converts into a bed. Visit an IKEA store for ideas! You may not leave with an assembly kit in tow, but IKEA has more than enough furniture tricks to inspire your staging. On the offhand, sometimes a coat of paint does the trick.
Don’t go all out and turn your apartment into an art gallery, though. The space should be quirky enough to stand out, but still generic enough so anyone visiting will consider moving in. You want prospects to envision themselves and their personal style occupying the place.
Apartments sell thousands more than the baseline price, all because owners invested in features that set the properties apart from the pack. It’s worth the risk!
Tip # 4: Expand space with mirrors
It’s the trick hotels use on lobbies and halls, and who’s to say it won’t work on homes for sale by owner? Mirrors give the impression of space if placed in strategic spots. These also bounce and bring extra light into the room, maximizing daylight and artificial light.
Place mirrors facing open spaces, instead of tight quarters. You’ll be amazed how a small room improves with a full-length mirror! It’s small investment that pays off, and visitors won’t mind the illusion if it perks up the mood of the space.
Tip # 5: Storage solutions
Think like a neat hoarder and find ways to stash your excess stuff. If you’re leasing a lived-in apartment, spare visitors the sight of sundries!
Your belongings are eyesores to prospects, so rent storage space for these in the meantime. Storage facilities are your best option if you’re transitioning to a new place, and you’ve yet to figure out which of your stuff to keep.
Organize the items you leave in the apartment, as show pieces. Don’t leave cabinets and cupboards empty, and leave some toys behind if you want to show your space is child-friendly.
Staging an apartment is a mix-and-match affair. There’s challenge in finding common ground that appeals to every visitor. You’ll get the hang of this in time. Staging becomes easier if you practice these tricks professionals use.
What We can Do for Homes for Sale by Owner
Have an apartment for sale or for lease in Australia? Zerocommisison.com.au can find you a buyer or a tenant with minimal costs!
For only $50 for an apartment for rent, or $299 for an apartment for sale, we’ll post your listing on the top real estate websites in the country UNTIL SOLD! No hidden fees, no extra charges. Learn more on our site and find a real estate buyer or tenant today!
Impress buyers or tenants with our other highly effective tips:
- How to stage a kitchen to sell a house fast
- Tips to take amazing photos of your home for sale using an iPhone
- How to show your For Sale by Owner house like a pro and close that sale
- I want to sell my house but what about my pets?
- Discover how our customers are meeting real estate buyers and tenants so quickly
Finding renters for rental properties shouldn’t be difficult. But there’s an art to selecting good tenants. Have you ever met tenants willing to do whatever it takes to score your space? What if an applicant is willing to throw in kidneys and a leg for good measure? While offers too good to refuse are difficult to ignore, veteran landlords know better.
If you’re new to the game, then take heed of these tips. Tenants may come in hordes if you sign up for our services. Fend all of them off except for the one tenant who’ll make your life a dream.
Dodging bad tenants is an acquired skill. However, you’ll learn faster if you’re aware of lessons experienced landlords faced. Not only will you weed out the riffraff from your stock, you’ll also have the guts to reject bogus applications from the get-go.
Here are 5 ways to smoke out bad tenants when finding renters for rental properties. Kick the worst out on the curb (or cordially show them the way out)!
Tip # 1: Conduct background checks
Background checks are staples in business transactions, especially if these involve long-term arrangements. It makes sense to assume that someone’s behaviour for the previous five years will be consistent with the next five years. If the applicant turns out sketchy, why would you risk the possibility of nursing a delinquent tenant?
Most landlords stop at national background checks, opting for searches within state or city. This is a big mistake, and it’s not worth the spare change you think you’ll save. You might end up with someone who won’t keep his end of the agreement.
Tip # 2: Ask for contact details of previous landlords
When finding renters for rental properties, former landlords can provide precious insight about a tenant. You don’t want to discover this after the fact, when you’ve rented out the space.
Demand multiple references for more assurance a squeaky-clean feedback isn’t a fluke. Chances are, you’ll always dig up dirt on an applicant; at least you’ll have enough counsel before you decide to commit (or not).
Insider’s tip: disregard feedback from the applicant’s most recent landlord. Property owners can give delinquent tenants good references so they leave immediately, in search of the next space to mooch. Contact tenants’ second or third previous landlords so you have untainted comments.
Tip # 3: Verify Income, Credit Rating when Finding Renters for Rental Properties
Income verification, credit check. This is due diligence, especially for rookie landlords. Applicants might find it difficult to secure these documents. Some employers refuse to release check stubs or payslips by request. Nevertheless, applicants worth considering will back their reputation with hard copies.
Keep in mind income is not the deciding factor in considering tenants. This only indicates an ability to pay rent. On the other hand, a good credit score shows you an applicant is willing to pay the rent in order to maintain an upstanding score.
Tip # 4: Stay shrewd, feel out who’s actually moving into the space
Be wary if an applicant claims exclusive residence (says he’ll shoulder the entire lease), but takes someone to the meeting just for a look-see. It’s likely the tag-along will share the space with your applicant, but is currently undercover to help scout the territory. Stay sharp when your spider-sense tingles when finding renters for rental properties!
If the companion stays in the car throughout the visit, this is also a red flag. This doesn’t necessarily mean the applicant will be a bad tenant, but there are more than enough precedents like these to prove otherwise.
Tip # 5: Say NO with conviction
You’ll hear pity stories, receive offers too good to be true. You’ll be tempted to receive a tenant just to break a long-drawn vacancy. Impulsive decisions when finding renters for rental properties usually end up as mistakes. It’s more difficult to get rid of a bad tenant than it is to wait for someone worthwhile.
Do not take a tenant’s word as good as documented proof. Do not stop finding renters for rental properties until your prospect pays the deposit and the first month’s rent. Make sure the contracts have been signed before assuming you’ve landed a good tenant. Keep processing applications until someone actually moves in. Landlords know better than to secure deals with a spit-ball handshake.
When finding renters for rental properties, don’t profile a bad tenant by appearances alone. Someone so neat tidy on the outside can eventually be the source of your recurring heartaches (or ulcers).
You have the last say on who stays in your property. Do your due diligence and don’t rent to anyone who intends to freeload and couch-surf. That’s what high school friends are for.
Have a home you want leased? Zerocommisison.com.au can help! For a limited-time fee of only $50, we’ll list your property for rent on the top real estate sites in Australia. No hidden fees, no additional charges. How long will your listing appear online? Until you find a tenant!
Click here and find a tenant in Australia today by visiting our site!
Like these tips? Check out our other blog posts for private landlords:
- Rent my house: Find out what to include in your lease agreement
- An awesome free tool to help you avoid landlord-tenant conflicts
- 5 mistakes private landlords should avoid
- 5 advantages of letting unfurnished property
- How to write amazing real estate description and find a tenant or buyer fast
You’re on the right track if you’ve been using social media for a small business for sale in Australia. Don’t ignore the potential of marketing online.
Social media spreads word of mouth online. It’s an efficient PR platform you can use to maximize exposure for your small business for sale. Want to sell a business it to the best bidder? Social media can play a huge role.
No business is too small for social media. If you’re already connected to a community, then you’re aware of this. Did you know most online users prefer mom-and-pop brands over the big corporations?
There’s something very intimate about private businesses on social media, staking their share of the market. Even if your exposure isn’t as extensive as the competition, you still have equal shot of zeroing in on prospective buyers.
Here are 5 ways social media helps market a small business for sale.
Tip # 1: Social media helps brand a small business for sale
Can you describe your private business in key words or catch phrases? How about your image to clients or customers? Branding is essential in businesses and even personalities, also applies to social media outreach. Take stock of how you want people to view your business online, and use social media to send that message across.
There’s the advantage of using free platforms, applications, and tools online. Facebook, Twitter, and Instagram are staples of social media outreach, and you can branch farther once you’re established on these platforms.
Tip # 2: Engage the right social media community
You get what you give on social media, and the extent of your interaction determines the response. People also stumble upon your account if their connections engage your posts, so it helps to be regularly active. Consider Facebook as an important platform in outreach, since you can join groups and communities that share the same interests.
A word of caution about engagement: groups are usually moderated by admins. Do play by their rules and etiquette. Stick with relevant posts and responses to minimize clutter. These also establish your business is credible enough to visit and consider.
Tip # 3: Attract followers, convert into prospective buyers
Each follower acquired is precious on social media, even casual users who connect to your account at whim. These followers have their own network of friends and followers you can tap.
Have you ever posted something online then discover users you barely know shared it on their accounts? Your post was relevant enough for someone to share – this is the currency of social networks. So long as you’re offering something relevant to the community, then you’re assured improved outreach and an extended network. The buyer of your small business for sale could be a friend of a friend of a friend (of a friend) who shared your post. Imagine the potential of your reach!
Tip # 4: Conversions
Once you’ve built a following, it’s time to evaluate the effectiveness of your reach. Conversions are people seriously interested in buying your business. Think of your account as a funnel, filtering everyone who visits in search of prospective, serious buyers.
Conversions of your small business for sale require strategic engagement. There’s a learning curve to this, but the rule of thumb is to only engage or post when you have something relevant to contribute. Frequent posting hurts your reach, spams and annoys your followers’ feeds. Moderation is crucial and key.
Tip # 5: You have personal, human approach to marketing
Each platform has its own community and appeal, affecting and moderating users’ conduct. Use this to your advantage. Engage the community like you would walk-in customers and prospects for your small business for sale.
Answer questions directly. Share links to relevant information. The goal is to reassure them your business is accessible and credible.
Your approach to the community sets you apart from the competition! Keep in mind users don’t want lip service. Help out in any way you can, even if this doesn’t serve your interest in the end. Referrals could come from a user who noted your helpfulness, returns the favour and endorses your small business for sale.
Analytical tools are aplenty, and most are available in public domain. You can use sites like Hootsuite and Buzzsumo to see how you’re performing on your social media channels. Work your market, improve your performance, but keep a keen eye on prospective buyers.
Wouldn’t it be super if the eventual buyer of your small business for sale saw your post in passing on the Twitter feed? Farfetched, you say? The bigwigs at Uber disagree – their business model was spawned by a single Tweet!
Have a small business for sale in Australia? We can help speed up your closing of the sale! For only $299 and nothing more to pay ever, we’ll list your business for sale in the top websites in the country. Learn more on our site and find that buyer for your small business for sale today!
Read our other blog post to help you sell or lease your home or business in Australia:
- 9 top reasons to share your property or business for sale listing on Facebook
- 5 signs your property for sale is overpriced
- Learn the difference between the new breed of real estate agents and commission-based agents
- Perth’s top 5 suburbs in 2016
- Discover why our For Sale by Owner customers are very satisfied with our services
Families are like fudge… mostly sweet with a few nuts.
When you’re posting buy my house on social media (and through effective home selling services like what zerocommission.com.au offers), family members will be one of the first to spot your listing. A relative might then consider your property a good investment.
Selling your home privately to a family member can sound like the ideal arrangement. And why not? You get to skip the niceties and get down to the gritty details of the deal! A relative who’s already familiar with your property for sale can be the best buyer.
It pays to curb your enthusiasm, though. Remember you’re conducting business, not a family dinner. It can be difficult to not see the other party as family. Fortunately there are ways to ensure the best deal for both sides. Keep the arrangement professional with these six tips when selling a home to family.
Tip #1: Your interests come first
This may seem like a sceptical way to start the list but the bottom line is you’re selling your house to a paying, interested buyer. Prepare your property and have it appraised. Invest in the necessary repairs. It’s disappointing to go through the motions and not see the deal through, especially with a family member involved.
You’ll fetch the best price for your house if it’s primed for the sale. In case your relative opts out of the Buy My House deal, proper planning will ensure you’re good and clear to consider other interested parties.
Tip #2: Consider legal assistance
You’re ecstatic a relative responded with keen interest to your Buy My House ad. Then you find yourself willing to cut the price, gift the property at a discount. While costs and arrangements are all under your discretion, it’s vital to have every snag covered, working up to the closing.
It’s likely there are legal conditions to meet. Paying for legal advice will save you from unforeseen events later on.
This is particularly necessary when you’re selling to a close family member, like your sibling or parent. Regulations differ between states, and legal advice ensures you have the prerequisites covered.
Tip #3: Go for the best deal for both parties
You’ll be tempted to disregard the price on your Buy My House listing and seriously undercut for the sake of a family member. This urge seems more reasonable during the walkthrough and negotiations.
Chances are pretty high you’re selling your house privately for profit. Keep your game face on. If your buyer is quite familiar with the property, fend off bargaining attempts by pointing out your investments in renovations. Surely you didn’t go through this trouble just to sell the house at a loss.
Tip #4: Be shrewd with financial checks
Your relative may request for leeway in finances, with reassurance this will be smoothed out at the closing. Even though you’re selling to someone you know, every potential buyer must still be pre-approved for a loan before you commit.
Buyers must be pre-approved for mortgage before they can make an offer. Otherwise, any offer made is a bluff. Now isn’t the time to rely on someone’s verbal and informal promise. Verifying for eligibility should be your first recourse, regardless of the person you’re dealing with.
Tip #5: Have a disinterested party host the walkthrough
Your buyer is so personally acquainted to you that judgment may be clouded in the process. Consider entrusting the crucial details of the deal to a trusted, disinterested party. It may be a friend or a hired professional, anyone who can ensure the deal is professional and straightforward.
At the very least, have someone join you during the walkthrough and negotiations. A disinterested party can point out flags or concerns beyond your peripheral judgment.
Tip #6: Due diligence: the lender should know you’re related to the buyer
This is essential for both parties, especially in the later stages of the sale. Lenders prefer parties who are upfront with the nature of the sale.
Plenty of housing authorities require applicants to establish identity of interested parties. Conventional mortgage arrangements also implement this from the get-go.
Buy My House, Fam!
Selling a house privately to a family member can be the ideal route. There are advantages to turning your keys over to someone familiar.
Wouldn’t it be nice if you’re still welcome to visit a home you’ve sold, break bread at the dinner table, and spend the holidays? If you conduct the sales process professionally, you won’t have to sever emotional ties with the property.
Want other tips to help you sell a house fast? Check out our other blog posts:
- Online agents versus commission-based real estate agents and how you can sell a house privately
- How to write real estate description that lures in interested buyers
- 5 mistakes private landlords should avoid
- How to take amazing photos of your home for sale with an iPhone
- Discover why our customers are very happy with our services