Last updated on December 26th, 2023 at 11:24 am
Most people sell a home periodically through their livers. That means you don’t have a lot of experience doing this and it’s easy to make mistakes. Making a mistake can scare a buyer off. Or, it can downgrade the value of your house and cost you money. Fortunately, it doesn’t have to. You simply need to be aware of the most common mistakes, then you can avoid them. If you’re in the UK and need guidance in selling your house, consider checking out Williams & Goodwin The Property People.
Not Trying An Auctioneer
The traditional approach to selling is to visit a real estate agent. They view your house, suggest a value, and then list it for sale. They will even handle all the queries and, for a fee, help you sell your home. More recently, people have started to sell their homes themselves. This could be part of the reason that home ownership is currently in decline. The problem with selling it yourself is you don’t know the right value, or how to market your home properly, and you can easily lose a sale.
A better option is to speak to a reputable auctioneer. They will be able to help you with the value and you can set a minimum price for your property. Best of all, you’ll know the exact day your property will be sold and how long after before it becomes the new owners. It’s much shorter than the standard approach to house selling.
Overpricing
This can happen whether you sell it yourself or through a real estate agent. Overpricing your home means people won’t be interested in it as there are better deals available. It also means you’ll have to drop the price. Unfortunately, when buyers see properties with declining prices, they are tempted to make silly offers or they avoid the property because they think there is something wrong with it.
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Choosing The Wrong Time To Sell
There are many variables that control when you place a house on the market. However, if you have complete control over when to sell your house you should list it in mid-spring. This is when the housing market generally performs the best and you’re most likely to find a buyer.
Not Doing Repairs Properly
Any repairs that need to be done give your buyer negotiating room. If they think the house needs a new roof they will negotiate the price down accordingly. Equally, if smaller repairs aren’t done or are visibly not to standard, buyers will wonder how well cared for the house is. An uncared-for house is less attractive and worth less than one that has been properly maintained.
Forgetting To Prep Your Home
If you’re selling your home and have viewings you need to prepare your property properly. That means removing clutter while still leaving a few personal touches. You want potential buyers to be able to see themselves in the house and get a feeling of spaciousness.
That means artificially creating each room to create the right feel, even if it’s not a practical use of the space. It makes a big difference to buyers, even if they don’t realize it. Getting the buyer in the right mindset is critical to a successful sell.
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If you’re considering this option, you can explore online platforms like Garrett Whitelock’s Canada Water estate agents at https://garrettwhitelock.co.uk/estate-agents/canada-water/ for valuable insights and assistance in the process.
