Page 1 of 2 12 LastLast
Results 1 to 10 of 14

Thread: Advice for selling a house

  1. #1
    Regular
    Join Date
    Jan 2005
    Posts
    163
    Post Thanks / Like

    Default Advice for selling a house

    I'm considering selling my house, and want to get an opinion on how to best do it.

    A bit about the house:
    Dislindered. Beachfront. Between Kite Beach and Encuentro, in Cabarete. Never had a problem with title or security. Reason for selling - don't use it as much as I used to.

    Things that I'm tying to figure out

    1) Real estate agents. It seem like people just list with multiple agents, as there's no rules about exclusive. The 10% seems high, especially when it doesn't feel like the agencies do much other than show people. Does anyone have an experience with a agency that puts in a solid effort at marketing ?

    2) Market timing. With the Russians and Canadians taking a hit on their currency, are the Americans finally buying? I think it was last year that someone told me that only things in the $200K range were selling

    3) Vendor mortgage - Are there problems with offering a mortgage to the buyer to make it easier to sell?

    Thanks in advance

  2. #2
    Bronze
    Join Date
    Oct 2010
    Posts
    1,679
    Post Thanks / Like

    Default

    I agree that agency fees here are exhorbitant. I would try selling the place privately before resorting to them if you are actually here. You can advertise on sites like this one or "Everything Cabarete" on Facebook.

    Market timing is an impossible art, but I can't see prices going through the roof any time soon.

    I don't think a vendor mortgage should be too much of a problem provided it is all tied up by a professional, reputable lawyer, but others may disagree.

  3. #3
    Platinum
    Join Date
    Dec 2003
    Posts
    13,700
    Post Thanks / Like

  4. #4
    Gold
    Join Date
    Dec 2008
    Posts
    6,604
    Post Thanks / Like

    Default Bill's Drone

    Quote Originally Posted by mountainannie View Post
    sothebysrealty
    .... has a nice portfolio, mainly high end properties.
    Our kids were excited and impressed when William flew his drone over our finca...
    I wish him (and us) luck.



    donP

  5. #5
    Silver
    Join Date
    Jul 2010
    Posts
    4,863
    Post Thanks / Like

    Default

    Quote Originally Posted by Taylor View Post
    I'm considering selling my house, and want to get an opinion on how to best do it.

    A bit about the house:
    Dislindered. Beachfront. Between Kite Beach and Encuentro, in Cabarete. Never had a problem with title or security. Reason for selling - don't use it as much as I used to.

    Things that I'm tying to figure out

    1) Real estate agents. It seem like people just list with multiple agents, as there's no rules about exclusive. The 10% seems high, especially when it doesn't feel like the agencies do much other than show people. Does anyone have an experience with a agency that puts in a solid effort at marketing ?

    2) Market timing. With the Russians and Canadians taking a hit on their currency, are the Americans finally buying? I think it was last year that someone told me that only things in the $200K range were selling

    3) Vendor mortgage - Are there problems with offering a mortgage to the buyer to make it easier to sell?

    Thanks in advance
    Find a real estate agent that is willing to accept less than 10%. That is high and it is usually negotiable. Do not try to sell it yourself. You will not get the exposure and if you are not around well nothing is going to get done. Offering to a mortgage in a foreign country to foreign buyers is a little risky. You are better off to get your money and be done with it. Make sure you price it right. If you really want to sell the place than make the price attractive if not sit on it until you get your price. Good luck.

  6. Likes retiree liked this post
  7. #6
    Platinum
    Join Date
    Dec 2003
    Posts
    13,700
    Post Thanks / Like

    Default

    No they will not market because they do not have the exclusive and everything is for sale... depends on the price...

    If you really want to sell, put it with Caldwell or Southebys or at least a local agent that has international presence

    then do your own web page .. have it translated into Russian, Spanish, French..

    Then direct it to your exclusive agent..

    Talk to Guzman about offering a mortgage. I have heard of this being done successfully with commercial properties but do not know about private properties

  8. #7
    Silver
    Join Date
    Nov 2013
    Posts
    3,909
    Post Thanks / Like

    Default

    can i pm u im looking de chic ken

  9. #8
    Silver
    Join Date
    Nov 2013
    Posts
    3,909
    Post Thanks / Like

    Default

    what size house ,br's baths etc parking

  10. #9
    Regular
    Join Date
    Jan 2005
    Posts
    163
    Post Thanks / Like

    Default

    I had it professionally appraised when I was thinking of taking a mortgage on it, and it's in line with what I would accept.

    Lots to digest. Thanks for the help.

  11. #10
    Silver
    Join Date
    Jul 2010
    Posts
    4,863
    Post Thanks / Like

    Default

    Quote Originally Posted by CedricLajoie View Post
    1. Audit your agent’s online marketing : This means you need to compell the buyers to choose your selling material. As compelling here means you can upload photos of your house, which will compell the buyer to have a look once.
    2.Post a video of your home on YouTube : You can post video of different Portions of your home as, displaying factor will attract buyers.
    3.Facebook your home’s listing: Facebook is great connecting technique these days. If you have 150 friends and further each one of them have 150 friends, imagine the power of network you can build to sell your home and for its promotion.
    You realize this post is a year and half old. The original poster probably already did what he wanted to do. All of your ideas are good but in the DR it is very difficult to sell a home yourself. You don't have to exposure of realtor websites. You don't have a realtor to take potential buyers to view the property. This gentleman said he didn't use the property very much which tellls me he is not in the DR very often. It is nearly impossible to sell it yourself if you are not there. I have done it both ways and never have had any luck selling it myself.

Page 1 of 2 12 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •