Tina McManus' Blog
When you’re trying to sell your home, there are a few mistakes that could make or break completing the sale of the home in a timely manner. While some things like a tough market or a home with a lot of extra-special features are out of your immediate control, there are plenty of things that you can do when it comes to selling your home. Read on for expert selling tips on what to avoid when your home is going on the market.
Your Home Is Overpriced
Overpriced homes tend to sit on the market for a longer period of time. This is because buyers can see that the price isn’t right and are waiting for a price drop. It’s so easy to overestimate the value of your home as well.
When a home sits on the market for a longer period of time, buyers also wonder if there’s something wrong with the home. Was there a botched inspection? Does the home need major work that’s not visible to the naked eye? An idle home sale leaves buyers wondering, and your home still left on the market.
As far as price goes, if your home has been sitting on the market, you’ll need to consider dropping the price in a timely fashion if the price isn’t right. You also should be open to bargaining with buyers. In the grand scheme of selling a home sometimes being stubborn with $5,000 doesn’t pay off in the end.
You Didn’t Clean Before A Showing
When your home goes on the market, you’ll need to do a deep clean of the home. This could mean shelling out some money for a professional cleaning service. Buyers want to see homes that are in pretty good condition. It’s hard to picture living in a place where there’s a lot of dirt and clutter. If you need to, put some of your stuff in storage for the showing. Buyers need some vision to help them decide on the home that’s right for them. You can help them to find that vision with a spotless house.
Using Subpar Photographs
When it comes to selling your home, you want the best possible photographs to depict your property. Most home buyers start their search online these days and high-quality photographs are the best first impression of your property that you can give. A few cell phone pictures just won’t cut it. If you can’t get professional photographs done to sell your home, you might want to find someone with a more professional camera or a bit of amateur photography skills. Buyers are focusing on the pictures way more than they are the words in descriptions for online listings. Find the best way to give buyers an overview of your property in images with a good impression.
Buying or selling a house is one of the most significant financial transactions because in most cases, it involves spending a considerable amount of money. Getting the best possible deal is important to make sure that you are getting value for your money and not overspending unnecessarily.
To negotiate a better arrangement when purchasing a house, you need a good strategy, and you must know how to motivate and negotiate with all the parties involved in the transaction. Here are some tips that will place you in the right position to negotiate favorable terms:
Research the market
It is impossible to know the worth of property without carrying out appropriate market research. It is essential that you inspect similar properties in that vicinity and compare them. Also, you should be familiar with the selling price of similar properties in the past few months and know the trends of the property market in your area.
Dealing with the seller's real estate agents
You should be apprised of the fact the seller's real agents work for a seller and not for you. An agent's job is to get the best deal for the seller; therefore, they might employ a tricky tactic to make you pay more. Do not be pressured to offer more than what you are comfortable with and don't disclose too much information as regards your emotional attachment to the property and your budget.
Make use of a buyer’s agent
A buyer's agent is in the best position to find you the right property. Not only that, they will represent you all through the negotiation deal. A buyer's agent will help you examine different properties and negotiate on your behalf. Another advantage of using a buyer's agent is that you will have access to locations that are not in the market. You can find these off-the-market properties through the agent's industry network.
Research the property
To evaluate the value and know how much to offer for a property, you must take a closer look at the features as well as the downsides of the property. Also, you must know why the property is on sale.
Do not exceed your budget
The initial thing you need to do before you start looking for a house to buy work hand in hand with an accountant and a financial to work out your budget. Speaking with a mortgage broker is also a good idea as it will help you know how much you can borrow. Try to adhere strictly to your budget irrespective of the pressure faced.
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