Selling a home can be a tremendously stressful experience. Depending on the locale, asking price and market demand, finding the right buyer is liable to prove harrowing. Without even realizing it, many sellers make a bevvy of ill-advised blunders that are sure to turn off prospective purchasers and hurt their bargaining position. Fortunately, while there’s no end-all solution to real estate anxiety, there are numerous steps you can take to make the home-selling process less arduous. Sellers looking to unload their homes in a timely manner would be wise to avoid the following mistakes.
Poor Pricing
If your home is located in a popular area that’s rapidly growing, you may be able to command an impressive asking price. On the flip side, if you live in an area with low to moderate demand, you may need to be a bit more realistic when pricing your property. Unsurprisingly, people tend to assign a fair amount of sentimental value to their homes. In light of the many memories created within its walls, it’s easy to see why you’d view your home as an irreplaceable treasure. However, it’s important to realize that prospective buyers are not going to see things in the same light. Just as it’s your goal to get the highest possible price, it’s their prerogative to pay as little as possible. As such, you’d do well to work with an experienced real estate agent in determining a fair asking price. Pricing your home unrealistically is liable to turn off prospective buyers and result in the property staying on the market for a very long time. You can use our free online property valuation service to assist you with the pricing.
In addition to pricing your home fairly, you’ll need to accept that you probably aren’t going to get the asking price. Again, if you live in a high-demand area and multiple buyers are clamouring to purchase your property, the situation is quite different, but more often than not, buyers are given a small discount on the final sale. As is the case with car-buying and other large purchases, home-selling involves negotiations, and neither side is likely to get 100% of what they want.
Selling Privately
When selling a home, it’s only natural that you’d want to make the largest possible profit. That being the case, paying a fee to a real estate agent may not sit well with certain sellers. You may be tempted to sell your home privately. If that is your chosen route, you can advertise your property for free on our website.
In addition to helping you find prospective buyers, real estate agents are highly skilled at getting clients the best possible prices for their properties. Furthermore, since real estate professionals handle the various odds and ends of scheduling showings and negotiating with buyers, they can save you a tremendous amount of time and hassle. Granted, not every real estate agent is equally obliging, and it’s entirely possible that you’ve had bad experiences with them in the past. However, as you’ll quickly find, attempting to sell a home without the help and guidance of a seasoned pro isn’t nearly as easy as you think. to hope you choosing the best agent for you, please use our free estate agent comparison tool, which will provide you with independent choice and a list of their fees.
Leaving Large Issues Unresolved
If your home is being placed on the market with outstanding aesthetic, structural or electrical issues, any offers you receive are going to be well below your asking price. Any buyer is going to take the cost of tending to those issues into account when making an offer, and you’re unlikely to be pleased with the results. With this in mind, consider fixing overlooked home repairs and any outstanding issues before listing your property.
Even under the best of circumstances, selling a home can be a test of endurance. For starters, dealing with estate agents is no picnic. Furthermore, getting the property in sellable condition, taking measures to attract prospective buyers and haggling with interested parties are all tasks that are rife with stress and frustration. Of course, this doesn’t mean that home sellers should simply resign themselves to having a terrible experience. By taking active measures to avoid the blunders discussed above, you can make the home-selling process easier for everyone involved.
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