It’s a common thing to sell a property—like your first home or your parent’s home—when it’s no longer convenient for you to maintain it. And in case you’ve never done this before, we have this list to help you out. Stay on the right track and make property selling as smooth as possible by avoiding these common newbie mistakes.
- Leaving Areas Cluttered
A cluttered facade or lawn area gives an impression that the home isn’t well taken care of. Before advertising that your home is for sale, tidy your space up—declutter the backyard, trim the lawn, water the plants and clean the garage. You will never regret putting in extra effort to make your property look inviting.
- You’re Not Open to Negotiating the Price
There’s nothing wrong with gaining a small profit when selling your house, but you also have to allow for some wiggle room just in case your prospect buyer wants to haggle. Refusing to give in to these small requests can easily drive potential buyers away.
- You Don’t Trust Your Agent’s Judgments
For most buyers, purchasing a house is the largest financial investment they do in their lifetime. People often do it two to four times in their lives, so they’re often extremely cautious. The harder a property seller comes across, the more difficult it is for you to negotiate better outcome to your potential buyer. To boost your chances of finally closing a deal, simply trust your property sales agent and let them do their expertise—that’s their job after all.
- Spending Too Much on Pre-Sale Renovations
Another newbie mistake is spending too much on home renovations. While it’s certainly ideal to patch any holes in the walls and take care of minor fixes of the property, it’s not a smart idea to spend thousands of dollars on major home renovations for the purpose of beautifying it before putting it on sale. There’s practical and inexpensive work that you can do to add to the overall aesthetic of a property. A fresh coat of paint is okay, but replacing the entire flooring is too much.
- Relying Too Much on Traditional Marketing
Traditional marketing like posting on classified ads is still essential, but digital marketing—such as social media sharing, submitting ads on relevant websites and creating a virtual tour of your home—reach wider scope of audience. Take advantage of Facebook and other property selling sites in fishing for potential buyers.
Selling a property isn’t easy, especially when ‘sales’ isn’t your expertise. The best you can do is to hire a realtor and avoid committing these common mistakes.