Friday 31 August 2012

Some mistakes that you should not make while selling your house


We all know that one day or another a time comes when due to several reasons we sell out our house. Sometimes because it outgrows us, sometimes we have to move to another city, and sometimes due to so many other reasons. As a matter of fact we all want to sell our house with best deals possible. But because lack of experience and knowhow of the market a lot of seller make some obvious and unavoidable mistakes that leads to a bad, delayed and undesired deals. In this article I will be highlighting some of those many mistakes and will be giving some possible suggestions that, how can they be eradicated?

High Pricing

The worst mistake that any seller could make is to price their house higher than the market prices. A lot of sellers usually do not have any Real estate(Ejendomsmægler) background and when they plan to make a sale of house or sale of apartment(salg af lejlighed) they usually price their house according to their perception of their house but not according to the reality. And sometimes your agent shows you a lot of dreams and you think that the worth of your house is much more than it really is. But no matter what you think your house or your agent thinks of your house. The real worth of your house is what it really is. By pricing it high you are just diverting your potential sellers to other properties. The best way to eradicate this mistake is to have a general know how of current price windows of the real time marketing and then compare them with your property and have the ball park idea about your property if not exact.

Selling it with bad condition

Another mistake that sellers make is to put a House for sale(salg af bolig) banner in front of their house without even looking at their house and without knowing that what is the current situation of their house is. Because once you will put your house in the market or arrange an open house you will start having visitors who would have the wish to buy your house. But if your house is in a bad condition, two things can happen one that it will turn off a lot of potential buyers and secondly you may receive undesirable response and offers for your house. The best way to eradicate this mistake is by making your house presentable before selling it. Do all the required repairs that property requires, bring everything in working condition, make your house look good and improve its functionality. And one thing that is worth mentioning here is that the cost of repair would be lesser than the money it will break from your property.

Lack of Marketing

Another very big yet very technical mistake that seller makes is that they do not market their house in a right manner. That is why we see a lot of house sellers shouting the reality that their house is not getting sold and they are not getting the proper response for their house. But the fact is that it is happening because you haven’t marketed your house in a right manner. There are so many channels available by which you can market your house e.g. social media, free ads etc. You can always take help from these marketing channels. And make your house visible to all the potential customers.


Inexperienced real estate agent

Another big mistake in this regard could be that you are not having a sincere or an experienced real estate agent and he doesn’t know that how to sell your house and does not have the a lot of potential customers. Whenever you plan to hire an agent make sure that he is experienced and professional. Because the last thing you would want is to end up having a bad agent.

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