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Guide to Selling

Having decided to sell your property, you should let us know about it so that we can begin the process. You can call us, e-mail us or simply walk into one of our branches for an initial chat. Here is a brief outline of what will happen when you decide to sell your property with us.

 

Getting things started
We will explain to you the process of selling from start to completion explaining the legal requirements along the way. We will explain to you the process involved with contracts and transference of ownership title and what is needed from you the seller. Cosy Estates will provide you with comparative property pricing data that will allow you to price your home to sell. Whilst doing so, we will offer suggestions on presentation of your property, recommendations as to carrying out minor repairs - all with the aim of making selling easier. Paragon staff will arrange to visit your home and carry out a professional listing of your property, detailing sizes, key features including colors photographs of both internal and external aspects.

 

The Marketing or 'Selling' Part
Your property will be entered into our 'property for sale' database, which is fully searchable by potential buyers via the internet. It will display the key features of your property including the color photographs. In addition, the property will be displayed in our offices and will be made available to all potential buyers that call in. Our monthly newsletter and website carries the option of having your property to be 'featured property of the month' maximizing the exposure and increasing the chances of selling. Your property will also be advertised within the major local publications that feature property. All throughout, Cosy Estates will maintain the highest possible standards when advertising and marketing your property. We will arrange viewings for all prospective buyers so that they can appreciate your property first hand. Any feedback that they give to us, positive or negative, we will pass onto you - allowing us to re-evaluate any aspects of the sale where necessary.

 

The Actual Sale Part
Having found a buyer we will request from them a 10% deposit, or at the very least a "holding" deposit. If during the sale you have agreed to include certain items with the property (ie any fixtures & fittings) we will co-ordinate with you and assist by drawing up any 'inventory agreements'. Similarly, if during the sale you have agreed to carry out any work / minor repairs / final cleaning etc, then Cosy Estates will arrange suitable contractors on your instruction to attend. A Purchase contract will be drawn for both buyer and seller and money exchanged via bank transfer.

 

 

Selling Tips

1. Price: What value I should sell my property for?
Price is usually the first thing that people would think about when it comes to selling and is largely dependant upon the prevailing state of the market wherever you may be. It is extremely important to get this element right. Failure to do so could result in simply not attracting any potential customers. Cosy Estates advise clients of the current market trends and will offer comparisons with similar properties in similar locations that have been sold in the previous days and weeks. This will ensure that the property is not over-priced and conversely, under-priced - both of which could deter potential buyers. Please note that whilst we will make suggestions it is always up to you, our client, who will make the decisions.
The key factors that will influence your property's value are as follows;
• Type of property
• Location (sorry but it's true: location, location, location!)
• View (an unspoiled sea view for example will command a higher price)
• Size (both internal and external for houses), Living area etc
• Condition, age and any improvements you have made
• Furnished / unfurnished
Cosy Estates would also consider factors such as building maintenance, services & utilities when carrying out a valuation. It is important to have the property properly inspected for any signs of problems that may affect the market value. In such cases, Cosy Estates can assist by arranging builders work, journeyman repairs etc. prior to advertising your property.

 2. Getting Your Property Ready to Sell
If you are considering renovating or re-decorating your property before you sell, just consider that you want your property to appeal to as many people as possible. This means not indulging in your own personal taste or brand of interior design what you consider to be the pinnacle of high fashion - but instead look at the bigger picture. For example, the majority of potential buyers are likely to go for simple light colures, not to many different colures schemes.
A lot of people here argue that their flamboyant idea is great and people will love it. Sadly they are seldom proved right. The simplistic, clean, functional approach comes up trumps every time. When marketing your property consider the following points;
• Tidy up & clean
• Consider packing away all of your 'clutter', or personal effects from around the house and try to maintain a 'minimalist' space. This will allow the viewer to imagine themselves in your property.
• Simple paint colures, not too many: Magnolia is a classic and is a safe bet.
• Good quality fixtures & fittings make a big difference.
• Bathroom: a really big plus point in any property, make sure that it is clean and have any silicone sealant, defective/ leaky hoses renewed or replaced. There are specialist cleaning solutions that will get the place spotless.
• Appliances: If it's broke, then do something about it and get it fixed!
• Appliances: If it's not broke, great, but at least give them a quick clean
• Introduce a vase of flowers or some plants within the space to add a touch of the outdoors and some colors.
• Plug-in air fresheners are relatively effective at maintaining a pleasant aroma within the space.
Disclosure is perhaps as important than the above. You should disclose any defects that you know of such as structural problems, leaking roof etc at the time of selling your property. Not only will we be able to offer advice on the best way to proceed, we will ensure that by being up-front there will be no recriminations following the sale. You should also formally agree to what is included in the sale and record this on an inventory. Things such as fixtures & fittings, curtains, lighting, electrical appliances, cooking equipment etc should be listed to prevent any confusion at a later date.

 

Cosy Estates.Co.,Ltd.
397/120 Moo.12 Pratumnak Rd. T. Nongprue A. Banglamung Chonburi Thailand
Tel & Fax: +66 38 306596 Mobile: +66 81 2557444
www.pattayaestates.com E mail: info@pattayaestates.com