Newbies who try to sell their own homes for sale in Vaughan often end up being their own worst enemies. Without experience, they make common blunders that could be avoided by hiring and listening to a real estate agent. If you're dead set against hiring a realtor to help you with your sale, at least let us give you the benefit of our experience by outlining some common errors to avoid when you go to sell your home. It could make all the difference.
Equating Sentimental Value with Market Value
You've lived in your Scarborough real estate for many years. You've made memories there, and you're naturally attached to it. You think it's the best home in the world. It's important to remember, though, that your memories mean nothing to buyers. They're looking purely at the house and its potential. If they think you've badly overpriced it, you could scare them off, so make sure you know the true market value of this size property in your neighborhood.
Failing to Prepare the Home
When you live in a piece of Richmond Hill real estate for any length of time, you gradually become accustomed to its flaws. You stop fixing every nick and crack. You don't notice that the fixtures are outdated and the paint is dull. But buyers will. Before you put your home on the market, you need to look at your property with a critical eye and fix all of the glaring issues that buyers will try to use against you in the negotiating process. Sometimes that even means renovating or staging your home.
Some people are so afraid of being taken advantage of during the negotiations that they infuse their spines with steel and refuse to budge from the price they put on the Toronto condo listings. This is a mistake. You should always expect to give a little on your asking price in order to meet the buyer in the middle. This way everyone feels like they've accomplished something. And it's not just the price - you should also be flexible on the move in day, closing day, and division of closing costs as well.
Not Protecting Themselves
Some sellers are so eager to get rid of their properties that they become the victims of scam artists. You should always check up on any buyer that makes an offer. You'll want to know if Calgary mortgage brokers have actually agreed to lend to them, that they really are who they say, and that they're not wanted for fraud already. Take all contracts to a real estate lawyer for review before you sign them and familiarize yourself with the common types of real estate scam that are out there.