Mistakes To Avoid Whenever Selling A Property

A lot of people only move house a few times during their lives. After all, moving house is a huge commitment, and it can take a lot out of you mentally as well.

So, with this in mind, how can you avoid the various pitfalls of selling, before you take the plunge? If you want to find out more, then all you have to do is take a look below.

Asking for Too Much

If you get fixated on trying to secure a certain value for your home, then you may be compromising your sale. Studies have shown time and time again that around 70% of the interest that a house generates, happens within the first three weeks of you putting it on the market. If you have set the price too high, then your property will look expensive, and you may find that you end up putting people off too. if your property appears to be really positive in value, then this will attract way more viewings and attention. You may also find that you are able to drive competition and that you are also able to generate a buzz about the place. This will help you to push any potential offers to the highest market value possible.

You’re Not Ready to Sell

There are truly numerous reasons why now might not be the right time for you to sell. Think about it, have you been able to give yourself enough time to declutter everything and stage your home both on the outside and in? If not, then you may want to delay your sale. If you cannot afford the cost of selling, then this is another factor that you have to take into account. Have a look at a moving calculator online if you can, as this will help you to work out how much it could cost you to move to another house.

Choosing a Bad Agent

There aren’t many things that are worse than being locked into a strict contract with an estate agent. This is especially the case if you have your viewings fall flat or if you do not have that initial flurry when it comes to your general excitement. If you are yet to have one offer, then this will really work against you. If you can take the time to pick the right agent, then this will help you out greatly. Just make sure that you are not picking the one that is going to give you the highest valuation or even the cheapest commission. Find out who is going to be worth your money and find out how quickly they are able to sell homes too. What is their current track record when it comes to the property market? Before you delve too deep, it is wise for you to try and get all of the facts, so you know that you are going with someone who knows what they are doing. Along with your agent, you have to hire good chartered building surveyors & valuers.

Overdeveloping

If you look at things from a financial point of view, it is way better for you to have the worst house on the best street, than it is for you to have the best house on the worst street. If you happen to overdevelop your home, then this can push the resale price to a dangerously high value and this is the last thing you need. If you extend or if you add too much value to your home, then you may find that you end up exceeding the neighboring value and this can cause you to miss out more than you realize.

Not Accepting Offers

Every offer has to be considered on its own merit. Sure, you may have had your first offer, and this is great. It doesn’t mean that it’s a bad offer even if it is below the asking price either. If you want to help yourself here, then you have to try and make yourself ultimately aware of the buyer’s position. You also need to look at the motivation that they have for buying the property either. A lot of buyers will call their agent within the hour of viewing a property. If you can get all of the facts about your buyer, then this will help you to make the best and most informed decision as you move forward.

Ignoring any Maintenance

If you have DIY jobs that need doing, then this is the key to you making a solid first impression. If you have a garden and it looks messy or even unkept, then you may find that buyers get a bad impression. This is especially the case if they think that the inside doesn’t look maintained either. If you can, you have to show your house in the best possible light so that you can sell it quickly. Clutter can also be a major turn-off for buyers. Everyone is guilty of this, but if you have so many windowsills crammed full of things, then this can detract the buyer from seeing everything in its full light.

Saying No

Keeping your home in the best possible condition for a viewing can be difficult, especially if you happen to have kids or pets. It may be that the buyer has asked for a viewing at an inconvenient time as well. This will most likely be at the end of a mealtime. Either way, you have to prepare as much as you can in advance so you know where you should be storing things at a very short notice. You also need to try and arrange a block viewing so you know that you can minimize the overall disruption to your home. If you can do this, then you will soon find that it is easier than ever for you to get the best result out of your property sale.

So, here are some of the top mistakes you should be avoiding when it comes to selling your home. Why not see how many you can implement today so you can get the best result out of your profit potential?

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