Are you planning to sell your property? It is a big deal. You will be faced with many hard decisions, with the knowledge that making the wrong decision could lead to a significant loss on your part. The worst part is that there is no certainty either. The question now is how to avoid making the wrong assumptions or choices and make sure you go through a positive real estate experience. This should also be beneficial to you financially. This post contains some mistakes that you should avoid when trying to sell your property.
Choose the Right Real Estate Agent
Select your agent carefully as this could impact every phase of your home selling process. Do not choose one based on just the commission they charge. It is also not a good idea to go ahead with an agent just because you know them personally. While a reduced commission might seem worth it, you will actually be spending more in the long run, especially if your agent is not a skilled negotiator. Always try to work with experienced agents who have been highly recommended.
Do not control your real estate agent at every step. This makes it difficult for them to do their job. While you should have a say in everything, it is always better that you take in their recommendations and advice as well. After all, they are ones who are experienced in this sector. If you are not willing to pay for advertising, you are stopping the agent from closing a great deal for you. One way to work this out is to work with an agent you trust implicitly. This would mean that you value their suggestion and are sure they have your best interests in mind.
Make Sure You Are Ready
Be sure about the fact that you want to sell your house. It can be an exhausting process when the seller keeps changing their mind. It is not a good idea to put your house on the market just to see if buyers are interested in your property. Since an agent has a ton of experience, their opinion is very important. However, conducting further research on your end will offer you better options. Do your homework and study the market rate. Find out how much other houses in your area and similar suburbs are worth and make sure you are ready to sell your house for a similar price.
Don’t be Too Desperate
Buyers seem to find a desperate seller from a mile off. They will then offer a low price which is too low to be of any use. Some indicators that you are desperate could be the frequent lowering of the price and not using visually appealing photographs of the house, yard, or the street. What you can do is to improve your house and make sure it is clean and tidy during inspections. You should also fix any repairs and give the house a basic makeover so that you can get a better price.
Another common mistake many owners make is to not take early buyers seriously. They usually believe that a better offer will come along. In most cases, it does not. According to statistics, the best price is usually received in the first few weeks.
Whether you’re ready to sell or wondering how much your home is worth, let Gerry Storoschuk at Bonnyville Homes help you sell your home. Get in touch today!