Selling a property involves a lot of considerations. These include the asking price, the minimum and maximum value of the property, the right agent and many more. Making an uninformed decision when it comes to any of these factors could result in adding problems to an already complicated process. To get the smoothest sale possible, it is important to be aware of these fundamental dos and don’ts of selling property.
Do make sure that your rooms match how they are described in the promotion of your property. So if you have described a room as a bedroom, ensure it is set up with a bed rather than full of stacked storage boxes. Potential buyers will be more attracted to properties where they can see the full potential of each room.
Don’t set the asking price too high. Remember that the price should be appropriate for the market value (what buyers are willing to pay) rather than what you want. If the asking price is too high, it will take much longer to sell and could end up being sold for less than if it had been priced appropriately from the start.
Do make improvements so that your property looks the best that it can. At a minimum, this will involve cleaning it and fixing any problems. However, you may need to do more extensive work to ensure your home appeals to more buyers. For example, you may need to replace countertops or add more storage.
Don’t spend all your money on huge property renovations before selling. These are unlikely to bring a huge return when you sell. As noted above, smaller changes that enhance the property’s assets, like replacing tired countertops in a spacious kitchen, are more likely to have an impact on your sale price.
Do spend time researching different estate agents in order to find the right one for you. Some agents are more experienced in selling particular types of property than others, often based on value. So it’s important to find a business that has the knowledge and expertise that apply to the characteristics of your property.
Don’t make it difficult for potential viewers to view your home. The aim is to get as many buyers through your front door as possible. So try to be as flexible and accommodating as possible when it comes to viewings. During this time, you should try to keep your home as clean and tidy as possible so you that you can say yes to viewings at short notice.
Do find a reputable law firm to deal with the legal aspects of selling your property. Asking family and friends for a recommendation is a good place to start. You’ll also need to work with a lawyer if you are buying a new property. So it’s important to make the effort to find a good one who you are happy to have a long-term relationship with.
And finally, do continue researching information on selling property. It is a complex process but the more you know about it, the more likely you are to do it well.