Because of the internet, there are now so many things that we are able to do at an unprecedented speed. One of the things that the internet has definitely improved is our way of selling things. With a plethora of online selling platforms, it’s relatively easy to sell whatever it is you’re trying to unload.
But it’s an entirely different story when it comes to selling houses. The internet has, indeed, improved the way we sell houses as well. But the game hasn’t changed one bit when it comes to the principles that sell houses. The same rules still apply and well, listing your house is only one aspect of house selling.
These are some of the things that you should do your best to avoid if you’re planning on selling a house:
Hiring A Right Realtor Who Isn’t the Right Fit
Whether you’re buying or selling a house, you’re going to want to hire the right realtor for you. First of all, less than 10% of the total number of “For Sale By Owner” houses actually get sold. That in itself should be a clear indication that selling your house requires expert help.
The second aspect to consider is that you need to be able to make sure that the realtor that you’ve just hired is skilled in the type of property you’re selling. This article is a guide on how to find such a realtor. The rationale behind this is that not all realtors are equal. There are some that are more skilled than others and it’s a big mistake to settle for anyone that you find.
Overpricing/Underpricing Your House
Everybody wants to earn some profit when selling a house. However, if you want to get your house sold, you need to be able to ask for the right price for it. The main reason here is closely related to buyer trust.
See, one might think that underpricing a house is going to increase the chances of being able to sell the house, but that’s far from the truth. If a house is underpriced, buyers are more likely to be suspicious of the listing “why is it priced so cheap? There must be something wrong with the house.” That and it also shows a lack of market knowledge. Nobody wants to deal with someone who doesn’t know what they’re doing.
This failure to price the house properly also means that you’re unable to negotiate properly for it. Either way, nobody’s going to want to deal with you. Do your market research and price your house accordingly.
This is one of the quickest ways to lose potential buyers and worse, they may even warn other buyers of you. And while you may not intend to be dishonest, the thing is that if you’re perceived to be dishonest, it’s not going to make a difference at all.
When selling a house, one is required to know what details they should be disclosing to their buyer. Lying and lying by omission are forms of dishonesty. Vital information about the house should be shared with the buyer if you don’t want to run into legal problems. This includes any defects, structural or emotional.