· Mistake 1. Owners are Emotionally Attached to the Property
If you have set your mind to sell your property, then thinking as a business person is probably the best way. Undoubtedly this is extremely hard, but if one can do this, the entire process of selling become much easier. By looking it from a financial perspective you will be able to cut the emotional attachments. Since sometime little bit of emotion works properly, try to make the buyers understand what you felt when you were the buyer. These become very helpful for the owners. Proper presence of mind is a primary requirement to sell houses.
· Mistake 2. Hiding the Significant Problems:
For the owners who are selling their property for the first time, it is recommended not to hide if there is any problem with your property. This is a mistake done by most of the sellers. It is a good choice to let the buyers know about the problems as during inspection it will be uncovered. So never hide, either choose to fix it or confront it in front of the buyers. This will help to gain the trust of buyers and enhance the entire selling process.
· Mistake 3. Unrealistic Price for the Property
Irrespective of the fact that you are working alone or with an agent, placing right price is the key to earn maximum from the property. Try to think from buyers’ perspective and set a realistic price. Remember that buyers are always in search for properties that are available in a fair price. If you overprice it, no matter how much effort you put into it, the result is zero. Don’t worry about the low price, as it will attract many buyers and eventually raise the demand thereby the value of the property.
· Mistake 4. No Preparation While Selling the Property
Owners who do not choose to stage and clean their house are wasting both their time and money. Failing to do the necessary changes reduce the chances of acquiring a right value to a good extent. In order to get your expected value, make sure you make possible changes. Try to go for minor repair works, replace the broken doors and windows and make use of bright colors. This will help to attract maximum buyers and sell your house with an ease.
Make sure you avoid the above-mentioned mistakes and also get mentally prepared. Your property might not get an immediate response, but when you do not make these few mistakes, it can certainly help you to get a good value.
Written by Shammy John on Tuesday, 28 April 2015 5:32 am