Selling your home? Top 7 mistakes to avoid
They say this decade saw a dramatic rise in the number of homebuyers. Selling your home can be as befuddling and mind-numbing as purchasing one, even more so. And first time sellers just like first time buyers naturally make some common slipups.
Let us eliminate those mistakes one by one.
- Not Employing a Realtor:
Is it because you’re worried about the seemingly hefty commission? Well, this is a paisa-wise but rupee-foolish move. You will simply waste time, energy and money and finally reach a stage when you just want to sell it off at any price. Also agents are knowledgeable about tax laws, market trends and duties.
- Picking the Wrong Agent:
How much of an expert your realtor really is? Go for the experienced and reputed (albeit a tad expensive) rather than the cunning one. A good agent takes care of all the meetings and visits before getting you involved.
- Overlooking Small Flaws:
Most home owners put their house on the market with petite defects and glitches. Any real estate agent will enlighten you that for a good price, everything about the house has to be in topnotch condition. So go ahead and fix those cracks, repaint where necessary and so on.
- Untimely Selling:
Seasonal selling is one of the golden thumb rules in real estate. As house/ land rates are way more fluctuating than mood swings of a teen, this cannot be stressed enough. For instance, a festive season is always an idyllic time to make a sale as such occasions are usually considered auspicious.
- Being Unwelcoming to Prospective Buyers:
Grumpy or ‘take-it-or-leave-it’ attitude undoubtedly put off potential purchasers, no matter how good a price is offered. For people to feel that connection to a place, a warm conduct can do wonders. Appearing reluctant to show around the home (could be because the owners still live there) is another bad move.
- Neglecting to Mention Neighborhood Perks:
With swanky all-in-one styled flats and homes emerging as a much sought-after trend, it is as vital to endorse your neighborhood as much as the house. Yes, feel free to flaunt the number of supermarkets, parks, school, malls, bus stops, railway stations and whatnot.
- Thinking Marketing is a Waste of Time:
Selling a home can be an overwhelming experience. Well, guess what! It is the same for the buyer too. Let’s make it an exchange of precious dreams rather than a mere monetary transaction. Put up pictures from every corner. No, we don’t mean white walls and bare rooms. Deck up the place a bit. Let people who look for a home find a home in your pictures. Wind up with a few well-chosen sentences and you are set. Patience is virtue- in life as well as when selling your house. You never know when you might strike a dream deal. It could take weeks. It is all about making smart picks and astute decisions and your sale will be the best you ever made in life.