Getting Your Home Ready for the Market Dominican Republic Property for sale
Ready for the Dominican Republic Real Estate Market - Getting Your Home Ready for the Market
When considering selling your home, the presentation is very important and can greatly affect the market assessment. When there is a large variety of property on the market in the Dominican Republic, it is vital to present your real estate in its best light. Try to see your home through the eyes of the Buyer. This should help save you time and money in selling your homes and houses, maximizing your opportunity to realize your asking price in the shortest possible time.
Christian Vogt, real estate broker, assists sellers in Sosua and Cabarete, and offers guidelines for selling property in the current market.
Un-personalize Your Home for the Dominican Republic Real Estate Market
When considering a home to purchase, the buyer often visualizes what it would be like living there. If overly striking decoration, unpleasant odors, loud music or TV, noisy children or barking dogs, strong political or religious statements, or very unusual art or furnishings dominate your property, the potential buyers may not be able to imagine it as their own.
Always consider having fresh flowers and make a pot of coffee when potential buyers are expected. The smell is irresistible.
Ready for the Dominican Republic Real Estate Market - Checklist:
Please consider how each of these areas of your home is presented in terms of state of repair, decoration, maintenance, and cleanliness:
- Landscaping and boundaries
- General Exterior Condition
- Main Entrance (first impressions are important)
- General Interior Condition
- Living Rooms
3 proven tips to stage your home to sell
Williams, an interior designer, and Cook, a senior vice president with Space City Credit Union, have more than five years of experience with Showhomes, managing and staging luxury homes for high-end Realtors and clients.
Staging is a science more than an art, and has become an integral part of selling homes, Williams said. Unlike interior design, staging is done not to suit the current homeowners’ tastes, but to make the home appealing to a wide range of prospective buyers.
“Our goal is to bring out the positive features of the property and improve its show quality,” Williams said. “We want to show the buyer the potential that the home has for them. Everything we do is geared toward getting more money at closing.”
Here are five tips to stage a home to sell, according to Williams.
1. Update carpets, wall paint and countertops.
Remodeling is costly, but replacing the carpets, putting a fresh coat of paint and upgrading the countertops can really make a difference in selling a home.
Williams recommends carpets that are low-profile, sleek and don’t take over the space; light, neutral paint colors; and light-colored quartzite or Carerra marble countertops that are more durable and dense than dark granite countertops.
“Buyers have certain expectations,” Williams said. “They don’t want fixer-uppers anymore. They want immediate gratification.”
2. Declutter. Less is more.
Williams recommends using a few focal point pieces — larger-scale art and furniture — to bring buyers’ eyes to the space, but not detract from it.
In particular, buyers pay close attention to the kitchen and master suite, which are often cluttered with knick knacks.
Williams recommends decluttering the kitchen and creating a spa-like atmosphere in the master bedroom and bathroom. That means: removing unused appliances from kitchen countertops, getting rid of decorative pillows from the bed and putting clean white towels in the bathroom, he said.
3. Homes need a lived-in look.
Vacant homes often take longer to sell because buyers think the homeowner is desperate to sell.
Getting a so-called “home manager” to live on the property to give it a lived-in look can help reduce the chance of getting low-ball offers, Williams said. Even when staging homes, the changes should feel organic, he added.
“Homes shouldn’t have that staged look,” Williams said. “They should look like someone lives there.”
Dominican Real Estate in the Dominican Republic - Selling your Property
Selling your Property here in the Dominican Republic
If you are considering selling your property in the Dominican Republic, one of our experienced real estate listing agents will be happy to visit, give a market assessment/advise on asking price and discuss the selling procedure. Whether your property is in a prime location, gated community, beachfront or a town centre, we would like to talk to you about selling your property. With over 10 years experience of selling Dominican realty, Dominican Estate is the agent to trust.
Listing your Real Estate Property with an Agent.
Inviting a Listing Agent over to take your details will allow them to assess a good market price, dependent on various factors:
Your Timing Requirements for Selling the Property.
The Listing Agent would ask to have sight of and keep a copy of:
The Title of Deeds
Where Possible a plot plan.
We would also ask that you ensure that all utility (water, electricity, maintenance, telephone etc.) bills are up to date and all the property taxes paid. This may cause delays if not in hand.
Both the Seller and the Listing Agent sign an agreement for either an exclusive or non-exclusive listing.
Selling your Real Estate Property with an Agent.
When a buyer wishes to proceed, an "Offer to Purchase" is put forward which, if accepted, is signed by both parties.
A deposit is taken from the Buyer to be placed in their lawyer’s escrow account.
On closing (between 30 days to 90 days), the net funds are transferred to your account when you sign over the Title to the propert