Buying and selling real estate is something that most people encounter at some point in their life and like most things, there are pitfalls to avoid. Making mistakes with property can be very costly, and with that in mind, here are a few common mistakes to avoid when selling your home.
- Failing to obtain an accurate property valuation – Avoid this one by using PropertyPricer’s calculator tool that is both accurate and very affordable. If you don’t know the current value of your home, you could lose a lot of money by offering the property for less than it is worth.
- Failing to carry out minor repairs – When potential buyers view the property, they will notice minor issues and most would list them as a way of bringing down the asking price. We recommend asking a local builder to inspect the property and create a list of things that need attention; it is money well spent as you’ll probably get your asking price.
- Asking too much – Let’s face it, some people form an emotional attachment with their home and that can sometimes make you feel that the property is worth more than it actually is. If you have an inflated opinion of the value of your home, it will be difficult to find a buyer; we recommend using an online property valuation tool, which will give you an accurate appraisal. Click here for reasons to use a real estate agent when buying a home.
- Cutting corners on presentation – The way you present the property matters and if you think taking your own photos will save you money, this might not lead to a quick sale. Potential buyers will look at the listing images and text and make a decision on whether to view based on that. We recommend using a top real estate agent that uses professional real estate photographers who will present your home in its finest light.
- Lack of compromise – If you have a figure in your head and you refuse to compromise, it is likely that you will have a problem selling the property. It is a buyer’s market as they say and that usually means some form of negotiation; it might be to include some furniture, or the buyer is looking for a discount, so be prepared to compromise.
Selling your home is not something you do every day and we hope that the above information helps you to find a buyer sooner rather than later.
