A List of the Most Common

Property Selling Mistakes

What is standing in

the way of

success?

Interesting Statistics about Residential

Property Buyers and Sellers

New properties represent nearly 16 percent of all purchases.

The typical residential property that was purchased in 2013 had three

bedrooms and two bathrooms.

Heating and cooling costs are important for 85 percent of the buyers.

42 percent of buyers started the search by looking for online info.

A homebuyer views 10 houses before making a purchase.

47 percent of the property sellers said that they decreased the asking

price at least once during the process of negotiations.

* Source: National Association of Realtors 2013 Profile of Home Buyers and Sellers

Mistake 1: Unrealistic Property Price

Having a very high or a very low original price is the first mistake that will

stand in the way of a successful property sale. Many owners are affected by

their attachment to the property, by the cost of improvements and by the

amount of money they invested in the house.

A professional valuation can decrease the risk of failing to sell due to

incorrect pricing. Real estate

valuators know which factors

affect the price calculation.

To prevent the house from staying on the

market over the long term and to

get a good price from the

potential buyer, you will need

professional valuation.

Mistake 2: No Marketing

Promotion is the key to selling everything,

including residential property.

Failing to advertise will deprive you from

the opportunity to reach a large group of

potential buyers, especially if you are

trying to sell property privately. The good

news is that you can rely on a wide range

of great marketing channels.

Internet promotion and using specialized

real estate publications will help you

reach a targeted audience of people that

will actually be interested in buying

residential property. The more channels

you use, the quicker you will reach your

goal of selling the house.

Mistake 3: No Improvements

Some renovation projects will make the real estate for sale by owner much

more attractive. The buyer wants a house that looks modern and cozy. A few

basic projects that are quite inexpensive can add a lot of value to the house you

are selling.

Thorough cleaning, decluttering and adding a fresh coat of paint before you

begin showing the house to potential buyers can do miracles. The same applies

to a little bit of home staging.

When planning innovations, think about the exterior and your landscaping. A

great first impression can help you sell property quickly.

Mistake 4: Hiring the Wrong Agent

Many house owners think that hiring a

real estate agent will automatically

increase their chances of success. An

inexperienced agent or a broker that is

too busy, however, will fail doing

everything necessary to sell the house

quickly.

If you want to use the services of an

agent, it is essential to research the

qualifications and the experience of

that professional. Alternatively, you

can attempt to sell on your own. Very

often, you will be entirely capable of

selling the house without additional

assistance.

Mistake 5: Lack of Flexibility

The lack of flexibility during negotiations with potential buyers can discourage

these people from completing the deal. A buyer will probably need a small

bonus or something on top of the original asking price, in order to feel 100

percent certain about the purchase.

Sometimes, you will have to make a compromise in order to sell your property.

Decreasing the price a little bit is much better than keeping the house on the

market for too long and being forced to finally sell at a price that is a fraction of

the original.

We can help you be a successful

private property seller!

Coming up with a private property sale strategy is the key

to being a successful seller. We have the experience and

the marketing channel that will help you succeed. Just visit

this page or contact our team today to get started with

your private property sale.

More information is available at:

www.coasttocoastmagazine.com