Common mistakes of home sellers
Common mistakes of home sellers
Until now, we’ve heard that buying a house is a tiresome process, and do not realize that selling a property is an equally tedious task as well. First time sellers typically make certain mistakes and in the haste of selling off their house, end up cracking a bad deal. We have made an attempt to enlist some of the common mistakes that one can avoid while putting up a house on the block.
Excluding a real estate agent:
Most home sellers avoid signing up for real estate agent because of the commission involved, but this is a penny-wise, pound-foolish decision. Hiring a real estate agent is important because it reduces your hassle and halves your work. Moreover, with a good broker, you won’t have to worry about people constantly visiting the house and being a disturbance.
Besides an agent, Real estate companies are also useful because they have experts who have good knowledge not only of taxes & duties but also of the market prices. Their extensive experience helps you with decision making and getting you the right people who may end up buying your house.
Overlooking defects that seem insignificant:
Generally, Home sellers put their house up for sale neglecting minor defects and issues. A good and experienced real estate agent will advise you to fix all such flaws pronto. To put forward a good deal to the buyer, it is desirable to repair pipes, fix leakages, painting wherever required, etc.
Below are a few tips that will surely help you sell your house faster.
Marketing your house:
When you are selling your house, knowing the market is very important. Selling the property may be an emotional decision for you but the idea is to make it emotional for the buyer as well. Market your house like a dream and sell it for the value and not as a transaction.
When you sell your house online, Redecorate the space in your house, put in some bright lights and market it for the joy and lifestyle that comes with it. Remember to write a few affable lines about this space that impresses the buyer.
Set realistic expectations:
An owner of the house has attached some emotional value to his house and sometimes can be very unrealistic about his monitory expectations. Therefore, it is important to look at real estate listings and consult real estate agents to understand the actual value of the property in the market.
Choosing the right season for the sale:
Real estate market is constantly fluctuating and it is imperative for sellers to understand the trend, because a falling economy will see a drop in prices while a booming economy coupled with a festive season will fetch great prices on sale.
Clean and clear your house before sale:
In some cases sellers begin the hunt for a buyer while still living in the house. Remember, if all parts of the home are not available to view at all times, a buyer feels distant from his potential home. The best idea is to renovate the house and get it ready for sale before putting up advertisements on real estate websites.
Sell the neighbourhood:
Home sellers mostly talk about the house and the rooms, furnishings etc., but forget the neighbourhood that comes with it. Sellers should advertise the supermarkets, schools, hospitals and malls in the vicinity of the property to add utility to the house. With mini-city styled apartments becoming the trend in the country, selling the neighbourhood rather than just the house is imperative for a good sale.
