5 Things to avoid when trying to sell property

It’s the start of something new. You want to start over and leave it all behind, maybe move to a different city or town to start a new chapter of your life.

So, you decide to sell your property and maybe advertise it online on a listing website such as https://getlistedrealty.com/ . However it is not as simple as it looks. You are technically selling something that is more than just a building, more than just a bunch of bricks and wood and steel pieced together. Whether you like it or not, you have some sort of emotional attachment to your house, and that can complicate things when you’re selling. 

You’ll want to do everything right to maximize results and minimize headaches. So, here’s a rundown of 5 Things to avoid when trying to sell your property:

1.  Neglecting necessary preparations

Here’s the gist: in today’s time, buyers have a lot of options to choose from. They don’t have to buy what you are selling. Convincing them on a good deal is important. It would take a lot of time, effort, and resources to carry out necessary cleaning, repairs, and upgrading to your house if you want your potential buyers to be interested in it. You may want a professional real estate broker to check on your home for advice on what needs to be done. Too much clutter of personal items and cosmetic issues, no matter how minor they may be, can turn buyers off. What you’re trying to sell must look well-maintained and well-taken care of. Take time, don’t be impatient, remember that in marketing your property, the presentation is everything.

2.  Unrealistic pricing on the market

The standard rule is that your property is only worth as much as what your buyers are willing to pay you. Your house is never worth what you paid for when you first bought it, because of depreciation. Some of the biggest and common mistakes of marketing properties is overpricing, mainly because it is a sensitive topic for discussion. Price your property realistically, compare your pricing with others, and don’t ask too much from buyers. 

3.  Emotional attachments

The problem is that your property is more than just a property- it was your home for years. It is natural to feel awry and even lonely since you’d be leaving a lot of memories with your family and friends. Be careful not to let your emotions get in the way of your deal. Try to think objectively, learn to detach slowly, and see your property the way your buyers see it without your own personal bias.

4.   Getting offended with a low offer

Your buyers might love your home, but they offer to buy it at a much lower price than you expected. Don’t blow the potential sale because of it yet, instead try to negotiate and come back with a counter-offer. Don’t take it personally- it’s just business.

5.  Blowing the sale because of a stupid thing

This might be hilarious, but it really happens. It’s possible to almost make it through the deal, only to stall at the end because of something very petty and minor, like the color of the curtains or the mantle on the fireplace. Don’t blow off people because they want to change something, detach your emotions from your what you are selling.

2 Comments

  1. October 26, 2018 / 22:46

    We went to see so many houses when we were purchasing this year and the state of some people’s homes with the clutter – You would think they would want to show off the space. One was 70k more than the neighbours that had sold, exactly the same space and layout so it was never going to sell at that price. Crazy!

    • November 7, 2018 / 13:27

      I remember the same when my parents were viewing houses ages ago, all cluttered and untidy and then they wonder why they can’t sell

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