When you decide to sell your home, it can be a very exciting time. The decision probably marks a big change, and the start of an exciting new chapter in your life.
However, it’s not going to be a walk in the park!
In order to sell your house fast and get the best deal, there are a few big mistakes which you need to avoid.
The first mistake you need to be aware of is not selling on the first listing. Obviously, you want to get the whole process over and done with, and you’re going to want to make a sale as quickly as possible. However, if you make mistakes in the pricing or staging, and you don’t close a deal before the listing runs out, it can really hinder your attempts to sell further down the line.
When a house runs over its listing, it immediately slaps a big stigma on the property. When prospects see that the house didn’t sell during the listing period, they’ll jump to conclusions, and think that the home is seriously flawed in some way. This, in turn, leads to the seller wasting time and money, and gaining a lot of frustration! Make sure you hit the ground running with a proactive attitude and a sense of urgency when your home is first listed.
The next big thing to avoid is choosing the wrong agent for the job. A lot of people, especially those inexperienced with selling property, pick out agents for all the wrong reasons. There are many real estate agents out there who will try to tempt people in with claims that they can sell their house for far more than it’s actually worth. Dastardly, I know, but all’s fair in marketing! By and large, your house will get a lot more interest if you set a realistic price, rather than a low one.
Before you start browsing available agents, do some research on the property prices in your local area. If you say “I want to sell my house”, and they give you a tempting, unrealistic figure, find someone else.
Just as you should look up local property prices, you should also find out something about the commission in your area. Don’t skimp and try to get a cheaper agent, and don’t pay too much over what you have to. Don’t skimp and try to get a cheaper agent, and don’t pay too much over what you have to. You’ll be able to find the agent’s commission in the listing agreement.
Note a few of these down, and then look into the normal commission structure for your specific area. This won’t take long, and the knowledge will put you in a much better position for getting the best deal. Offer less, and you’ll get less work from the agent. Offer more, and you’re not guaranteed any more work than their usual!
Avoiding mistakes when trading property can feel tough and daunting, but if you know what to look out for the whole process becomes simpler.
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