Main Mistakes that will Prevent You from Completing a Property Sale
6
Click here to load reader
-
Upload
v-f -
Category
Real Estate
-
view
120 -
download
1
description
Selling property privately can be challenging, especially if you are doing it for the first time. You can commit a range of mistakes that will prevent your property from selling quickly. Overpricing and doing no marketing are two common mistakes that will stand in the way of success.
Transcript of Main Mistakes that will Prevent You from Completing a Property Sale
Why isn’t Your Home
Selling?
Main reasons for the inability to
complete a property sale quickly
and efficiently
Mistake 1: Overpricing Property
Inadequate pricing will be detrimental,
especially for private property sellers.
People dealing with real estate for sale
by owner tend to take emotional factors
in consideration, when calculating the
price. Both overpricing and underpricing
can discourage potential buyers to
contact you.
The solution: Professional real estate
valuation. Property valuators
understand the important factors and
they base the price on the criteria that
matter the most. Spending a bit on a
professional valuation can help you
complete a private property sale much
quicker than expected.
Mistake 2: No Marketing
To reach buyers, you have to advertise the property sale in all possible
ways. Both internet marketing and print publications can help you.
Targeted traffic is the key to success. If you fail advertising and just wait for
people to show up at your door, you will be disappointed.
The Solution: Promote, promote,
promote! Specialized real estate
publications, online ad listings and
real estate forums can all be very
beneficial. Flyers and word of mouth
promotion will spread the news lo-
cally, which can also be great.
Mistake 3: Selling at the Wrong Time
Sometimes, your private property sale
attempts will fail, no matter what you
do. In such instances, the market can
be to blame. Having little demand or
too many similar properties being
offered for sale at the same time can
affect your attempts and the duration
of the private property sale.
The Solution: If possible, wait a bit.
Choosing the right time for the
property sale is as important, as doing
renovations and getting the house
ready for the sale in other ways. If you
have to complete an emergency sale,
you will probably be forced to
decrease the asking price, in order to
succeed.
Mistake 4: Doing Little to Improve the
Interior Design and Curb Appeal
Property buyers are looking for a new
home and you have to convince them
that your house is the right place. Doing
no renovations and improvements will
interfere with your chances of
completing a private property sale.
The Solution: Work on improving the
appearance of the house. There are
some inexpensive projects that can add
a lot of value and increase the appeal of
real estate for sale by owner
significantly. It isn’t about doing too
much, it’s all about the finishing touches
that make the house look new and
properly maintained.
We can help you be a successful
private property seller!
Coming up with a private property sale strategy is the key
to being a successful seller. We have the experience and
the marketing channel that will help you succeed. Just visit
this page or contact our team today to get started with
your private property sale.
More information is available at:
www.coasttocoastmagazine.com
References:
Photos courtesy of ddpavumba, Salvatore Vuono and Stuart Miles
