How to avoid the most common seller mistakes

How to avoid the most common seller mistakes

There are some common mistakes that can be made by vendors when looking to sell a home. These mistakes can have a negative impact on the sales process, and should be avoided if possible.

Seeking more than your home's value
Consulting local agents and formulating a realistic price expectation of your property based on their expert knowledge of market conditions will be beneficial. This way, you can avoid overpricing and turning away potential buyers.

Getting overly frustrated
According to CoreLogic RP Data from January 2016, the typical Australian capital city home spends around 41 days on the market. For some properties, a quick sale may occur and for others, it may be longer than average. It is important to avoid getting angry or frustrated if your property isn't selling. Perhaps your local market may not be experiencing a period of strong demand in comparison to the wider Australian market, or there may be a large amount of property on the market at the same time as yours.

Avoiding making simple home improvements
Where your home may be encountering a slower market, there is no need to be idle, sitting back and waiting until a buyer comes along. Even the smallest changes can potentially make a world of difference to your home on the market.

Small cosmetic renovations can enhance value in the eyes of buyers. For example, kitchens and bathrooms are rooms that attract the most attention so updates such as new cabinetry or modern fixtures can improve visual appeal without breaking the bank. Outdoors, landscaping can also influence a buyer's first impressions so adding garden beds, fresh plants, new pavers or outdoor furniture can alter how your home is perceived in terms of value.

Posted by Charles Tarbey on 04/03/2016 at 5:48 PM | Categories:

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