What do you think about your property before selling it? Do you choose the right real estate agent, price your property as per the current market value, or sell your real estate at the right time?
Selling your beloved property aligning with your personal, financial, and future goals can help you get the best price. However, many homeowners overestimate the property, avoid staging, hide property issues, choose the wrong selling time, or the wrong agent. These mistakes can make you wait longer than necessary and impact your selling process.
For this reason, finding a real estate agency in Geelong who can help you avoid these mistakes is crucial. This blog will discover the mistakes that you may be making and how a real estate agent can avoid them.
- Overpricing Property
Listing a property with a higher selling price than the current market value is the first mistake. Sellers overprice the property either due to emotional attachment, incorrect market insights, or improper knowledge of the market valuation.
Consequences:
- Overpricing leads to buyers avoiding the property as they think it is not worth their budget.
- Asking for high selling prices can extend the listing period.
- Overpricing the property and then reducing its prices can stale your listing, giving away the perception that the property is sitting on the market for too long.
How to Avoid this Mistake?
A professional real estate agency in Geelong who can calculate a real property value based on market conditions is helpful. Make sure that you understand the current market and are fine with price adjustments to attract potential buyers.
- Neglecting Home Staging
If you are not paying attention to home improvements, leaving the home untidy, and not maintaining the aesthetics before listing, you are unintentionally delaying the sale. Many of you might assume that a buyer might buy a property regardless of how it looks. Or, you may perceive that presenting a home in the best light before selling it is a waste of time and money.
Consequences:
- Avoiding home staging or poorly presenting can make it difficult for buyers to imagine living there.
- Low maintained property is likely to attract less good offers.
- Skipping home staging can also lower the property’s value as others may think it has some limitations.
How to Avoid this Mistake?
Consider maintaining the property with a nice power wash, do necessary repairs, repaint a house, and hire a professional photographer. High quality photos of a house or flat can make the property look new and presentable. If you need further advice, Pavilion Property in Geelong is a real estate agency that guides you through the staging process.
- Hiding Property Issues
Transparency in property sale can make your property come across as a valuable asset. But when you fail to tell your property defects, structural problems, or conditions before selling it, it can likely put a buyer into a frustrating experience later. In rare cases, this can become a part of legal dispute in the court.
If you think non-disclosing the easements and property disputes along with the other legal issues can scare off the buyers, think about the legal issues that might face afterward.
Consequences:
- You may have to bear legal penalties.
- It can label you as a misleading seller and complicate the process.
How to Avoid this Mistake?
Ensure that you make a buyer know of any current defects and problems regarding the property. Companies like Pavilion Property in Geelong is a real estate agency that can further perform pre inspection and gives you peace of mind.
- Choosing the Wrong Selling Time
If you are selling a property in a rush, or to relocate for a new job, or need money for personal reasons, without considering the right time, then you are missing out on fair deals. Many times, it can happen that you list a property any time without any prior knowledge of the selling factors.
Consequences:
- Choosing the wrong time to sell a property can attract fewer offers.
- You might miss out on good offers that are only available during certain market times or seasons.
How to Avoid this Mistake?
Choosing the right market conditions for a property sale will bet the favourable and quick offers. During certain months, buyers actively search for properties, so taking the help of a professional agent is useful. Pavilion Property Geelong real estate agency which can guide you through the best times and market demands.
- Not Choosing the Right Real Estate Agent
If you think that hiring an agent would affect sales and will only charge you commission fees without any benefit, you may be wrong. A right agent brings their expertise on the real estate market, trends, and resources. Not considering real estate agents can put you into following consequences.
Consequences:
- Handling property sale on your own can make it difficult to understand the limitations.
- Not having any assistance can make your property listing stay longer.
How to Avoid this Mistake?
Make sure that you choose the right real estate agent who has market knowledge, follows a personalised approach, negotiates the sale, and relies on modern technology to handle the transactions.
Final Words
We hope you found this blog useful. Clearly, a real estate agency in Geelong can make thoughtful decisions before listing a property for sale. Their local expertise in real estate sale and purchase, personalised approach, transparency, and a strong network within the community can be a gamechanger for your property sale. Pavilion Property Group is a real estate agency that adheres to quality. Contact today.
