Money Matters - Simplified

Selling Your House? Avoid these Pitfalls

Many of us think that selling a property or house is easy. Not nearly. Here're some pitfalls to avoid while selling your house.

A sale of something as large as a house has a lot of factors influencing it, and you would do well to take care of certain basics to ensure the sale goes through properly.

These are a few things you should not be doing when you are out to sell your house:

1. Do not Slack off on Marketing
There are many among us who feel that selling a house involves putting up the required advertisements and sitting back and waiting for the buyers to queue up outside. That is not usually the case; selling in any form involves some level of marketing and you would do well to look at multiple options for advertising and marketing your sale so the chances of prospective buyers increase.

It is as simple as this: The more mediums you choose to advertise in, the greater the visibility your sale gets.

2. Do not Skip on the Real Estate Agent
A real estate agent may seem to you like someone who gets paid just for talking people into buying properties, but that is a tough job in itself. Not only that, a real estate agent is networked and can get you far more prospective buyers in a week than you possibly could in a month.

Get a Real Estate Agent that Meets Your Requirements. Each of us has our own requirements, and those requirements are what should dictate which real estate agent we hire. Most of the time, you would do well to take on an agent that has the necessary experience and credentials. Do not take on an agent just because his rates are cheap; you may end up losing a lot more.

3. Do not Overprice

Many a times a seemingly good deal falls through because of the price. It is a good idea to get your house assessed and evaluated so you know the exact price you can quote on the market. That way, you keep your expectations realistic and increase the chances of realizing the sale.

4. Do not Give a Bad First Impression

Majority of the times, it is the first impression that finally decides on the possibility or otherwise of a sale. Check your house for any repairs you may need to make prior to showing it to a prospective buyer, and make sure you get the fixes made accordingly. It might just make or break the sale.

5. Do not Hide Potential or Existing Problems

When you talk to your real estate agent, make sure you inform him about any problems existing in the house. Hiding a problem is not a solution. It is, on the other hand, a good way of ensuring that things fall down later on when the problems are discovered.