Burnaby Real Estate: In the current Real estate market sellers have to work harder to get their properties' being perceived and sold for the price they are targeting. This necessitates planning and preparation and avoiding the pitfalls many sellers, especially first time sellers, often face. Here we have listed some of the costly mistakes sellers make while selling their home,
Not Cleaning Before the Open House:
There's nothing that's a bigger turn-off to potential home-buyers than other people's messes. This will cause a lot of home-buyers to move on to the next property. Although all rooms of your house should be cleaned and spiff up when you show your home to the potential buyer, the bathroom and kitchen are especially important.
Revealing the reason for the sale:
You should never betray the reason for selling your property because it might weaken your negotiating position. For instance, if buyers find out that you're selling because of financial difficulties, or that you've bought elsewhere or because you've got a job transfer, this will give them the upper hand and they'll use this against you to get a lower price.
Asking Too Much:
Many home-sellers try to get more out of their home than it's actual worth. They're not hard-nosed about the value of their home and price it at what they would like to get out of it, rather than what the market determines that its value is. This causes the home to sit on the market for an extended period of time, and ultimately the home-seller will end up making less on their home because they didn't price it right to begin with.
Cluttering your Home:
Anything which is not furniture or is a decoration should be taken out of plain site.
Hiring the Wrong Realtor:
Don't simply hire someone as your realtor, just because they are your friend or you know them from your church. You should hire a realtor who is having a history of success. Ask potential realtors how many homes they've sold in the last 6 months. Ask them for references, and contact those references and make sure that you're dealing with a high-quality "gets the job done" realtor.
Spending too much on advertising:
You can spend some money for marketing your property but don't be coerced into paying thousands of dollars in needless advertising. Buyers are more interested in location and will visit an area or suburb first to make sure it is where they want to live. It's the area and not the advertising that attracts the buyers, so be wary of spending on advertising directed at people who are not interested in buying in your neighborhood. In most cases you really shouldn't need to embark on an expensive advertising campaign. In fact, quite often, a ‘for sale' sign on the front of your property and an online listing will get buyers to your doorsteps.
Ignoring Curb Appeal:
Many sellers concern only about the appearance of the inside of their home, but they often neglect how their home looks from the outside. If your home isn't presentable when someone first drives up to your home, that picture will stay in their minds while they look at the inside. Make sure that your sidewalks area cleared, that the lawn is properly mowed, that your bushes are trimmed, that the paint on your home isn't chipper, and that there isn't any dead branches or other lawn waste sitting around.
These are just a few of many home-selling mistakes commonly made by people who are selling their home. You should spend time researching thoroughly what it takes to get a home sold. Ask your realtor for advice, since they can able to tell you what you need to do in your specific situation.
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