Selling a home appears to be an extremely difficult process and most of the people selling their homes complicate it far more than it needs to be. Due to inexperience, most home owners are prone to make some simple mistakes that can over-complicate things. Most of these mistakes are common, of not all, and can easily be avoided, thus, making the process of selling one’s home comparatively easier and stress-free. To help you avoid said pit-falls, we have listed below some of the most common mistakes that you can avoid and sell your house easily and confidently. If you want more advice on how to sell your home successfully, feel free to drop me an email or call.
Selling Your Home Without Proper Preparation
One of the most common mistakes sellers make is that they put their houses on sale before they are mentally ready. It is wise to list the pros and cons so that you can avoid second-thoughts. It should be noted that selling a house can be very exhausting process that can drag on for weeks, even months. Therefore, it is necessary to keep that in mind and schedule your plans beforehand. You should have a meeting before putting the “For Sale” sign on your front yard in which you should consult with your family, friends and neighbours, if need be.
Selling A home Without Research
Another mistake many people make is that they get motivated by stories of people that sold their homes on their own or For Sale by Owner –FSBO and got a handsome profit off it without getting into the fuss of brokers or agents. No denying the fact that this does happen but the fact is that people who are able to pull that off are people that do their homework. If you are going to adopt this method then the better way is do the required research. How to present to the potential buyers, the legalities of selling a house and all vital factors should be thoroughly studied and considered before taking such a task on your own, otherwise feel free to consult professionals.
Choosing The Wrong Estate Agent
If you choose to hire an estate agent to help you sell your house then it is wise to use the required time and/or money to get a highly-experienced professional that has your best interest in mind. Because having an agent that lack professionalism and/or experience can be as harmful as going into the property market yourself without any background knowledge. Don’t play dice while selling your home as an inexperienced agent might not give you the best advice on pricing or he/she may not put the required effort in the marketing aspects of selling your property. Estate Agents with in depth knowledge of the area you are in who can give you realistic values of your property with proof are the ones you are looking for.
Not Doing Any Independent Advertising
Marketing is one of the most important things while selling a house and much heed should be given to it. Creative ways to market ones house should be adopted, usually your local Estate Agent can help you in this process but some of the most common and effective tactics are: newspaper ads, adding it in online listing, word-of-mouth marketing, etc. Agents have a huge advantage of large databases of buyers, better contacts and a better bargaining stance when it comes to the final price negotiations.
A few of you have asked me on some reading material which I own and read myself. I would strongly recommend you read the following books, the are all on Amazon and for the sake of a few quid, it will help you understand property investment and most of the details needed to be successful in this industry:
