REALTORS FOR CHARITY! DO YOUR BIT!
First of all, click on this banner below. It links to my agency, and my principal has promised me $1 for each visit! Do it! All monies go to HOSPICE and RSPCA!
Today I am going on a little rant… so buckle up
Selling a house is a challenging endeavor. Even the most seasoned of real estate agents do not take every home sale easily, and always a challenge. Because that’s what it is. And for homeowners even, selling a home is but a big challenge as well – and it does not even matter whether you’re doing it on your own or with an agent.
Home selling is challenging.
But as with any challenge, the biggest way to combat it is to prepare. Here are some of the most common home selling problems and tips on how to counter them:
- Low home value. No homeowner would want to sell his house for a minimum, especially if it’s a grand unit over at Ken Bangsar. But sometimes, even the best of estimates give a value that falls short of expectation. If the fair market value of your home is too low, you can try doing some home improvements that will raise the price tag of your home for a minimal cost. Repainting the homes or adding some light fixtures and maybe adding a cabinet or two will create a brand new look and a brand new value for your home. Consult a home designer.
- Bad market. This is one of the biggest, most frustrating problems that sellers encounter when selling homes. It is frustrating because you can’t do practically anything about it. It’s the market – it’s like a storm. You see it coming but you can’t do anything to stop it and the only thing you can do is stay away and stay safe. That’s what you should do too in a bad real estate market. If your home selling is not urgent, postpone it by all means and wait ‘til the skies clear up again for home sellers.
- Bad or uncooperative agent. Agents are supposed to go out there and find the right buyer for you. But sometimes, they can cost you a sale. If your agent is not much of help to you, or your relationship with your agent is not getting better, then maybe it’s time to sack the agent. ‘Break up’ with your agent nicely and professionally, and hire another one or do the selling yourself.
- Tight competition. Someone somewhere is trying to sell his house to the exact same type of buyer as you. This is typical when it comes to investing on real estate– tight competition. His house is as big as yours, as old as yours, and practically a clone of yours. There is no telling which house is better and its very existence is a threat to your own house’s marketability. What do you do? Compete. Compete in packaging, create something that makes your property better than theirs. Market aggressively and don’t leave everything to your agent.
- Fickle buyers. They are buyers who are interested today and disinterested tomorrow. And just when you’re ready to move on, they come back the next day to take the house again. There are those, too, that would try to bargain their way to rock bottom levels. That’s common. And the only way to get past them is to never let anything get official until everything is signed, sealed and delivered. In these cases, verbal contracts hardly win so be on the safe side.