All Topics / Help Needed! / Help with marketing IP

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  • Profile photo of ListerLister
    Member
    @lister
    Join Date: 2004
    Post Count: 10

    Greetings…

    I am currently building my first IP and I am starting to think about the best way to market it. I was hoping that some of you may have some good advice for me in relation to when I should list the property. Is it better to try and sell off the plan or should I wait until it is completed? What are the benefits of either decision to me and a potential purchaser?

    The property is about 50% completed….I expect it to be finished aroung July/August.

    Any advice would be appreciated ! [biggrin]

    “Constituo, Facio, Fortuno!”

    Profile photo of gmh454gmh454
    Member
    @gmh454
    Join Date: 2003
    Post Count: 537

    Also relevant to the question, is WHERE is it.

    Profile photo of ListerLister
    Member
    @lister
    Join Date: 2004
    Post Count: 10

    It’s on Studley Road Eaglemont (VIC), behind Ivanhoe Girls Grammar.

    Originally posted by gmh454:

    Also relevant to the question, is WHERE is it.

    “Constituo, Facio, Fortuno!”

    Profile photo of ListerLister
    Member
    @lister
    Join Date: 2004
    Post Count: 10

    Does anyone else have any suggestions? [confused2]

    “Constituo, Facio, Fortuno!”

    Profile photo of GeronimoGeronimo
    Member
    @geronimo
    Join Date: 2002
    Post Count: 167

    Hi Lister

    Just my 2cents but I agree with Rob that you will achieve a better price when the property is completed simply because it is the owner occupiers who see the finished product and get emotional about the property, which is difficult to do off-the-plan as not everyone has that type of imagination.

    If you don’t have experience selling property I would also suggest using an agent. Be tough and interview a few to find the right one, and don’t scrimp on the marketing costs, as the more people that see the home advertised, the better chance you have.

    Also try adding a few little extras in the property to make it stand out from everything else in the street. This may not necessarily cost a lot if you’re creative. Go for good street appeal especially as first impressions count.

    Hope this helps, others may add further info, but just my limited experience.

    Good Luck!

    Brendon


    Acute Mortgage Reductions
    http://www.acutemr.com.au
    [email protected]

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