|
How to Sell
Your Home at the Highest Possible Price
Making a
mistake in selling a home can cost you hundreds or thousands of Euro in
lost profit. Often home sellers make the same mistakes over and over.
Avoiding these mistakes is easy and takes little time and effort on
your part. Take the time with your home sale and follow our top 10 tips
for sellers.
- Distress
Selling
At times, selling quickly is unavoidable. That’s when knowing
the
right techniques to sell your home without looking desperate and making
yourself a target for low bidders really pays off. Know all there is to
know about the market before listing and work hand in hand with the
right real estate professional. Ensure that you are not settling for
the first offer through the door.
- Best
Home in
the Neighborhood
Your home is one of your most personal possessions. Don’t be
blind to flaws and needed cosmetic improvements. This will cause
overvaluing of the home, hurting it’s chances to be sold.
Listing
with the right agent gives you a well informed third eye that will help
you price your home at a fair market price.
- Limited
Home
Viewing
Buyers want to view a home on their own time schedule. Unfortunately
their time schedule does not always coincide with your time schedule.
Leave a lockbox or key with your agent so your home can be shown when
you are not around. You never know if the one who got away was your
buyer.
- Restrain
Emotional Decisions
Don’t allow a few hundred Euro to ruin a sale. That money
will
mean very little to you in the long run. Take a look at the big picture
and react rationally. Use sound business judgment!
- Make
Cosmetic
Improvement
Prospects make up their minds within the first twenty seconds. First
impressions can make all the difference in selling your home. Spending
€1,200 on a new carpet might add another €4,000 to
the price
of your home. Get an objective point of view from your real estate
professional. They can provide you with a list of items that will
maximize the profit of your home sale.
- Disclose
Property Flaws
Property disclosure laws require sellers to list any flaws. If you are
unaware of flaws or attempt to cover them up, you risk losing the sale
and finding yourself in hot water. Get professional assistance from
your agent who can advise you how to handle any of these problems.
- For
Sale By
Owner - not so easy
Most homeowners who decide to sell their own home do so because they
believe they can save the commission paid to the real estate agent.
Everything has a price and selling your own home is no different. The
enormous amount of time and effort required to sell a home often
surprises the "For Sale By Owner."
- Refusing
to
Trust Your Agent
Would your GP that you’ve decided to run your own tests and
come
to your own diagnosis? By choosing the right Estate Agent, you can
relax and trust their judgment. The right agent is a valuable team
member who will protect your best interests and make your sale as
profitable as possible.
- Know
Your Market
Most homes that do not sell in their first listing period are priced
too high. Conversely, most homes that sell quickly are priced too low
and cheat the homeowner out of profits. You need to understand the
market and evaluate the value of your home based on fact, not gut
instinct or conventional wisdom. A professional agent knows the market,
just as you know the market for your home.
- Choosing a Estate Agent Based on
Personal
Relationships
Home sellers
often pick a friend or family member
as their agent. Choose an agent with a strong track record and
aggressive Marketing Plan. A top producer knows the market well and can
generate many buyers. Selling your home is one of the most important
decisions you’ll ever make! Base it on good, sound business
sense
and the rewards will add up.
Before
you make one of your most
important decisions regarding your home sale shouldn’t you
become
as informed as possible? By aligning yourself with a top agent you
ensure that all the important issues and seemingly insignificant but
often very important details are handled professionally. Your home sale
should not be a grueling ordeal. The more informed you are, the better
chance you have of making a sound business decision.
|