If you’ve just purchased your dream home and have to sell it because you’ve been transferred to another city or you’re overmortgaged and sinking fast, there are a few things you should not do.
First, don’t go it alone. Second, be careful not to overprice your home.
Sellers are often tempted to sell their homes themselves, particularly if money is tight.
It’s best to resist the temptation, though, especially if you are in a hurry to sell a home.
It’s a fact that homes that are sold by their owners often take longer to sell than those sold through a real estate agent.
As well, selling yourself takes up a lot of your valuable time.
And time, as they say, is money.
Overpricing is the main reason many homes are slow to sell.
Sellers often have an exaggerated idea of their home’s value.
They may be blind to its faults and overestimate its good points.
For a reality check, visit neighbourhood open houses.
It’s also wise to review local listings for prices of similar homes in your area.
Your best bet to move that house quickly is to find a local real estate agent who can bring special expertise about your neighbourhood.
Such an agent will have networks of contacts who may be looking for properties in your area.
Sellers should listen to their real estate agent.
The agent will know the comparables and be able to advise you on changes that could make the property more salable.
The real estate agent will also study comparable properties to establish the true value of your home.
That way you can price it correctly and develop a marketing strategy that will work for you.