Cast your vote
Please note IP addresses are logged and only one vote per user is valid. All votes are reviewed by our team for quality control.
3 Seller mistakes to avoid
1.Over valuing your property
Putting overly ambitious value on your home can deterrent potential buyers, who will be researching similar properties in your area. Overpriced home typically perform badly on the market. They linger on the market for a long time and put genuine buyers off making an offer.
Appointing a great real estate agent is the best way to prevent this mistake. A good agent will advise you on the best marketing techniques to attract buyers to your property. A good agent will suggest listing your property for an Auction with the intention of stimulating competition between buyers. When done properly, this strategy may actually result in higher than expected bidding, and higher sale price.
2. Listing your property before its prepared for sale.
Many amateur home sellers don't understand the importance of making their home look as appealing as possible before putting it up for sale. Presenting your property to potential buyers before you've thoroughly cleaned and spruced it is a classic way to lose money on your home. While some sellers go all the way and employ a professional stylist to do the job for them, just taking care of the basics can be enough to get you across the line. Is the garden neat and tidy? have the walls had a coat of pain recently? Is there anything that needs doing around the place that you've been putting off?
Sure, it seems like a bit of a hassle to begin with, but the costs of not dressing your property for sale can be huge. Also, don’t even think about having promotional photos of your home done until you've touched up the major parts of your property that are showing wear and tear. Pay particular attention to the front of your home as it’s likely that there will be quite a few potential buyers driving by to check it out.
3. Not comparing agents
Question: What’s worse than losing money?
Answer: Having a dodgy agent lose it for you!
It’s a basic truth that real estate, like many other professions, has it’s fair share of shady dealers who are solely interested in their own financial gain. For this reason alone, choosing your agent based on a highly quoted value can be a massive mistake.
Many agents who quote high property values and over promise results are poor negotiators. Since the main skill you are looking for in an agent is their ability to negotiate the best market price for your home, these tactics should serve as a warning sign rather than incentive for your business. Many home sellers are absolutely horrified by the things that their agent has said or done in an effort to sell their home quickly and reap a fast return for themselves. Classic horror stories include the agent revealing confidential information about the seller’s need for a quick sale and deliberately encouraging buyers to put in an offer at a low price. Taking the time to research your intended agent, and compare them to others in your area is an important way of avoiding this classic home seller mistake. Don’t wait until you have signed up an agent before you do your homework on them.