Selling your home is indeed a challenging task and requires a lot of patience. No one can find the perfect buyer overnight and sell their house at the price they desire. Nevertheless, with a little know-how, you can easily sell off any of your 3 BHK flats in South Mumbai or villas in Versova. You just have to avoid the common mistakes sellers make.
Wondering what these mistakes are? Read this article to know about common mistakes people make while selling their home:
Don’t Let Your Emotions Control You
You must have heard the phrase that ‘don’t let your emotions run your life’. We are well aware that selling your house can be difficult for the majority of people because of the emotional bonding with it. However, if you want to sell your home efficiently, then you have to keep your emotions in control.
You need to think of the property from the buyer’s perspective. Only then you will be able to sell it at good rates.
Hiring an Agent
Most people struggle to decide whether they should engage a broker or not. Engaging a broker may cost you some bucks but it’s totally worth it as they’re experts in this field. A good realtor will try their best to sell your place at a price that meets your needs. Additionally, these agents have close links with other agents so they can sell your house faster as they’ll help in bringing in potential buyers to inspect your place. Similarly, they’ll help you in setting up a realistic price to ask for based on the market conditions.
But that’s not all, your real estate agent will also help you in sealing the deal as well as in completing the documentation. You can also completely leave the paperwork to your agent as they’ve got the right experience of doing so. This will further ensure the error-free and smooth selling of your house.
Demanding Unrealistic Price
A major mistake that most people make is that the price they demand is too much as per the current market conditions. Demanding a price that isn’t market compatible will get you nowhere as you won’t be able to sell your property in time. Therefore, it’s always wise to ask for a realistic price rather than demanding too much for your home as it’s only going to hinder the selling
process. The main reason behind this common mistake is the misconception that many people have that their house is worth more than the price that people are giving. So, it’s always a good idea to survey the market yourself and know about the ongoing property prices. By doing so, you’ll be able to set a realistic and market competitive price for your place.
Choosing the Wrong Time to Sell
You must be amazed to know that even there are times and seasons to sell your house. If you put your house up for sale during the colder months, it will take longer to sell. Due to harsh weather conditions, people avoid going out and there are fewer buyers in the market. Similarly,
at the end of the year, the number of serious buyers in the market is less. In most parts of the world, the best time to sell your property is during the months of May, April or June. As per stats, the selling of property during the first two weeks of May is 18.5 days faster than the rest of the year.
Hiding the Problems
Another big mistake that many homeowners make is to hide the problems that are present in their houses. This way you’re not only deceiving the buyer but are committing fraud intentionally. Therefore, it’s always a good idea to get your place inspected prior to listing it in the market for sale. There are many problems that your house can have for instance if you live in any of the sea view apartments in Mumbai then rusted windows is a common problem that you might be facing. So, address it before putting your place up for sale and you won’t face any problem in selling it off.