Selling your home can be a challenging task and an emotionally draining experience. There are so many factors involved in selling a home, that you really have to be at the top of things during the entire process. The whole experience of complete strangers coming to see your house and examining every space in detail, can sometimes be quite unnerving. Of course they will have their own opinion on the layout and design, which will not always match with yours. If you’re a first-time seller, it is natural that you may make some mistakes. In this article, we will tell you how to avoid these mistakes when selling your home. arkade serene malad west
Transform yourself from a home owner to a sales professional
It is quite natural to get emotional while selling your house because you and your your family have stayed in it for years and have many fond memories associated with it. Now that you are going to part with it, you will have all those memories coming back in your mind. We suggest you hold on to these memories which are making you emotional and act as if you are a sales professional who has been entrusted with the task of selling the house. By doing so, you will keep all your memories aside and act objectively when dealing with potential buyers. When you look at the house sale transaction solely from a financial perspective, you will keep the emotional aspect of selling the property at a distance. arkade serene
Should you go through or not go through a property agent?
Even though property agents charge a commission on successful sale, we suggest that you do your house deal through a property broker, particularly if you are selling a property for the first time. Most of the time, a property has your interest at heart and will go all out to get you the price which you have quoted for your property. Property agents are dealing in properties almost every day of the week, so they know the pulse of the market and are aware which property is selling at what price is which area. They will use this knowledge to help you set a realistic price for ensuring that you sell your house quicker and realise your money faster. Also, since the agent will be front-ending the buyers, it will be emotionally less stressful for you. Property agents are well aware of all the pitfalls that could come across at any stage of the sale, and it will be easier for them to handle the same as compared to if you’re doing the transaction alone.
Fixing an unrealistic price
Whether you’re selling your home all by yourself or you’ve hired a property agent to do the same, always remember that fixing the right price, which may not always be what you want, the key to closing a sale faster. Surely when you bought your home, you must have done a detailed analysis of the properties available as per your requirement. Well, the buyers who are looking at buying your house will have probably done the same. Which is why as a seller, it’s important that you are one step ahead of them. The problem with overpriced homes is that they take a really long time to sell, and even when they’re finally sold, they may not get their originally fixed price. A majority of the property agents are of the opinion that overpricing is the biggest mistake that home owners make when they put their homes on sale. We suggest you set the price only slightly higher than the prevailing market price, and then use the buffer as the negotiable amount to make the sale a win-win for both you and the buyer.
To conclude, selling a house is a tedious process which involves multiple factors processes. Doing everything on your own is not always a good idea and may actually put you in a situation where you have to sell your house at a lower price than what you’re asking for. We have outlined all the common mistakes that you may make while selling your house. Do a balanced introspection and then go ahead with the sale.