In Show 062 – 5 things to do before you Sell a Property originally broadcast on Facebook Live on Monday 19 February 2018 we explore this interesting topic.
Show Notes
Before you sell that property you’ve invested so much time and effort into you’ve got to make sure everything is in order. Phase 9: Investing in property is all about maximizing the return on your investment. So before you begin the sometimes arduous sales process here are the top five things you need to have in order before the sale.
- Finding the right agent
It might seems obvious that you will need an agent – but they’re not all created equal. The right agent can be very hard to find. You might want the most experienced person in the region or you may want a young go-getter. You should interview at least three to make a fair comparison. And don’t be afraid to ask for references! - Ask the agent for their marketing plan
How will you sell my property? What’s your direct mail campaign? How do you market online? These are all questions that are really important in determining how skilled their marketing strategy really is. - What makes the agent better?
You need to find out what makes a perspective agent better than their competition. The best way to do that is to simply ask them. Try and get them to provide three reasons why they are better or different. If they can’t answer it’s because they’re not. - Reviewing the documents
Once you retain an agent you will be asked to sign a disclosure and listing agreements. You want to have ample time to have those documents looked over by your lawyer. You don’t want to be reviewing these documents for the first time just before you sign. - Finding other professionals
An agent is just one member of the team you’re going to need during the sales process. Legal and financial advice is going to be just as important. You need to know if the agent will be able to direct you to those other professionals.
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.
