It can be difficult to sell a home if you have never done it before.
It may feel like an invasion of privacy if strangers come into your home, open your closets and cabinets, and look around. They will criticize a place that has become more than just four walls and a roof to you, and to top it all off, they will offer less money than you think your home is worth.
In addition, it is easy for first-time home sellers to make mistakes due to their lack of experience. Many of the pitfalls can be avoided with a little know-how.
Learn how to sell your house without losing your mind and get the highest possible price within a reasonable period of time by avoiding these common mistakes.
Getting Emotional
Selling your first home can be emotional. You saved up for your down payment and furniture and spent a lot of time looking for the right one. When it’s time to say goodbye, people have trouble controlling their emotions.
Think it isn’t doable? It isn’t.
You should start thinking of yourself as a salesperson when you sell your home. Forget that you’re the homeowner.
You will need to distance yourself from the emotional aspects of the transaction if you look at it from a financial perspective.
Try to remember how you felt when you were shopping. Most buyers will be emotional. If you know that you are selling a piece of property as well as an image and lifestyle, you will be more likely to put in the extra effort of staging and minor remodeling to get more value for your home.
Setting an Unrealistic Price
Setting the right asking price is crucial when working with an agent or alone. Did you ever do a comparative market analysis when you bought your home? If you sell your home, you should be one step ahead of the buyers. You may think your home is worth more, but remember to set a realistic price for similar homes in the area.
Overpricing is the top mistake that sellers make, according to 70% of real estate agents in a survey conducted by HomeLight. It is possible to underprice your home in order to get more interest in your listing and to refuse an offer that is too low.
Selling to Unqualified Buyers
It is reasonable to expect a buyer to bring a pre-approval letter from a mortgage lender or proof of funds for cash purchases to show that they have the funds to buy the home. Signing a contract with a buyer may be contingent on the sale of their own property, which may put you in a serious bind if you need to close by a particular date.
From the other hand, qualified buyers will not waste your time and will most likely value your property and never try to under estimate it.
Final Thoughts
Staying focused on the business of selling your home is more important than keeping your emotions in check. It is not expensive to hire an agent in Dubai, and it can take a lot of the guess work out of the process.
Especially if you follow our RIVA process.
Key Clue Properties has taken the time to provide property owners with a guide to several successful selling strategies through our REALTY Investment Value Analysis, RIVA.
Our goal from RIVA is to equip landlords with the information needed to make well-informed decisions and choose the right selling strategy.
RIVA is a process to make sure that your investment is sound and profitable and that you make the right decision based on facts, numbers and market data.
What to expect when you list your home with us
1. Receive expert advice and combrehassice report.
2. Find buyers through internal database matching.
3. Experience tactical & aggrissive marketing.
4. Have viewings & offers arranged on your behalf.
5. Win a smooth closing.
If you plan to sell your property in Dubai, click the button below and get in touch with us today.
