When selling a property, various factors need to be taken into account and tasks need to be completed to make it a success for all parties involved. Now that interest rates have risen significantly, this has also had an impact on the sale of property in Bressanone/Brixen and the surrounding area.
Here at IMMOBILPOINT, we show you what you need to consider when selling your property.
Rising interest rates have a direct impact on the property market. One of the obvious effects is that higher interest rates increase the cost of financing a property purchase. Potential buyers may be deterred or have to rethink their budgets. This can lead to reduced demand for property, which in turn can lead to downward pressure on property prices. Buyers are in a stronger position to negotiate and owners must expect to make concessions on the selling price. Properties are also currently staying on the market longer than last year until a sale is finalised.
To achieve a successful property sale when interest rates are rising, a smart strategic approach is crucial. One of the most important strategies is the right pricing. It is important to consider the current market value of your property as well as the impact of rising interest rates on the property market. Realistic pricing can help attract potential buyers and speed up the sales process.
At IMMOBILPOINT, we determine the current value taking into account the location, size, condition and features of the property and draw on our in-depth market knowledge of the property market in Bressanone/Brixen and the surrounding area. In this way, you receive an offer price in line with the market.
Targeted marketing also plays a decisive role. By using professional photos, appealing descriptions and an effective presentation, you can arouse the interest of potential buyers. With virtual viewings, videos, online exposés and clear communication channels, you can reach potential buyers efficiently and drive the sales process forward. If you stand out positively in the presentation, you increase the chances of a prompt sale at a satisfactory price.
Rising interest rates can also be a reason for owners to reconsider the decision to sell - depending on the motivation and reason for the sale.
Has your financial situation changed as a result of the interest rate situation, making continued ownership of the property more profitable than before? Or does renting it out make sense?
We at IMMOBILPOINT will be happy to advise you in line with the current situation on the market, please contact us!
