What Steps Are Needed to Sell Your Multimillion Dollar Home?

Looking to sell your multimillion dollar property anytime soon? Well then you are in for one long wait to say the least. You see, the world economy was dealt a heavy blow recently by a word as strong as “recession”. The economy of the whole world spiraled downwards and as a result people are left with lighter pockets and in all possibility need a long time to recover from it. The worst bit is most people who may have the capacity to purchase a multimillion dollar property have all been hit hard across the face by global recession and may be unwilling to dish out a huge amount on property deals. However don’t lose hope and heart for selling your property maybe difficult but it is far from impossible. A proper organized approach can pay you very rich dividends and you may well sell off your property at a decent price range. The trick here is to be smart and work with and look at the right people who can work on this property sale with enough enthusiasm and before you know it you will be at peace with a deal completed in no time. Here are some tips to help you achieve your goal.

The first thing you must do is reach a consensus as to how much you value your property at and how much you are willing to sell your property for. Be prepared for negotiations beforehand and be sure about what is your lowest limit. Now that you are mentally prepared we look at your target group.

Establishing a target group for your property is essential. You would not want to waste time or energy on a bunch of people who may not have the capacity of buying your property or intend to get into a lot of paperwork with regards to getting credit to buying your property. So the trick is to target a specific income group which you must settle as per the valuation of your property.

Once you are decided on your target group you must conduct proper research on their favorite publications. This is not as difficult as you think it is. A simple bit of handiwork online or a visit to a publication office will let you know which publication is read by whom. The next bit of work is to prepare an ad with a high quality picture of your property and put it up in these publications. You may even place an ad at the various leisure clubs these people you have targeted attend.

The most important part of the procedure is to hire a realtor or a broker. This can’t be just any other broker but someone who has experience working on properties of this price range with decent amount of success. Most often it is your broker is the deciding factor in such deals. So if you get a good broker, half the battle is won right there. So now that you have some idea as to how to get about things, go on and may you see success in the world of real estate.

The Three “P’s” to Achieving TOP Dollar!

If in the market to sell your home, you probably want what all home sellers want.. Top Dollar! Many sellers however do not always understand what it takes to obtain top dollar, often placing themselves in a “behind the 8 ball” position. When this takes place optimism can quickly turn to pessimism, making your sale much more stressful then necessary. If a top dollar sale is the result you are hoping to obtain, these three simple tips can and will help you start out on the right foot.

Price

You needn’t be in the Real Estate industry to understand the importance of pricing correctly to obtain true Top Dollar. Under pricing positions you in a quick sale low profit situation, and over pricing places you in a wait and hope situation, neither of which will produce the results you desire. Pricing too low, while obviously netting you less, can lead buyers to assume something is wrong with the property. Too high and your traffic will be low to nil, with any offers coming in generally being low ball offers. Work with an agent who understands both the values of the community you are in as well as the value your home offers in current market conditions. Pricing in an aggressive but realistic manner will bring higher levels of traffic as well as justifiable offers, often leading to a top dollar sale!

Photos

You wouldn’t post a fuzzy, off center picture of yourself on Facebook – so why do it when selling your home? I’ve seen time and time again lackluster photos of homes for sale in the MLS. Pictures taken with cell phones, a picture focused on a table when trying to show a dining room, people in the background, etc. In this day and age, with Internet search being the #1 source of interest from homebuyers we simply cannot be as cavalier with our photos. Pictures SELL, so please be sure to have your home photographed by a reliable source or at the very least be sure to show the home in it’s true best light. Wide angle lenses, correct lighting, crisp and focused images, these are imperative parts of the process if you demand top dollar. A cell phone doesn’t cut it, do it right and your home will shine, do it wrong and there may be no contract to sign.

Promotion

Promotion and marketing is simply crucial if seeking top dollar for your home. More interest brings higher dollars; it’s a simple fact to understand. As your buyer base grows, your value grows with it. Many agents will place your home on the MLS and hope for the best. This strategy is dated by decades, and while it can and may bring offers, they will often not be at the highest amount possible. Local advertising, social media marketing, video tours, high quality photos and pertinent ‘on-site’ information are necessary if your goals are to obtain the highest amount possible for your sale. If in the market be sure to work with an agent who provides this type of marketing on a consistent basis. More exposure equals more showings, which in turn brings higher offers!

We all want the best for ourselves, in life and in any and all monetary transactions. With the right strategy and team put into place for your homes sale, you can make the best outcome available a reality!

Luxurious Multimillion Dollar Homes in the Hollywood Hills

Although there are many places where you could decide to purchase a home in, one of the most ideal destinations is Los Angeles because of its rich heritage, celebrity lifestyle and affordability. On the Sunset Strip in Hollywood Hills, there are many multimillion dollar homes you could choose from. While you may feel such houses are somewhat expensive, remember that every need of yours can be met from such a house.

On average, homes in Hollywood Hills usually have a living area of 4000 to 6000 sq.ft. and a variety of rooms including a bar, dining room, gym, study, living room, sauna, dining room, basement, wine cellar, foyer entrance, media storage room, offices, libraries and also a pantry or storage room. Complete with central air cooling and floors that are made of marble or even glossed concrete, you are assured that such a home would be able to meet every requirement or whim of yours. At the same time amenities such as gas, a fireplace, garages with parking for nearly 20 vehicles, garbage dispensers, refrigerators, phone systems, intercoms, dryers and even a dishwasher are provided. Many have elevators and helipads for those special guests.

The manner in which such Hollywood Hills homes are built is mainly to provide you with a magnificent view of the entire strip of Los Angeles. There are also outdoor patio furniture and large swimming pools that you can use should you have guests over. Irrespective of what you want or what you are searching for, you can be sure that a Hollywood Hills home would be able to provide it to you.

And if you can’t find the home of your dreams you can always built one. The key is to find the perfect parcel, that will allow you to design a home you will love. Is is a great alternative as many time it is actually a great investment not only do you have a great home that you love but also have built in equity as soon as you finish the construction.