Thinking of Selling Your House? Know What You Must Avoid When Doing So

Selling your own home could be more challenging than you can imagine- both emotionally and otherwise. You also must be prepared to put your time and effort into the procedure, for you don't know how long before you find the right buyer. 

People on a Honolulu property search will want the most at the best price, which can sometimes inconvenience the seller. However, that does not mean you will never get the right buyer and an acceptable price. To sell your house at the right price, you must avoid inevitable serious mistakes that could bar you from making a profitable sale. First-time sellers must always keep a handbook of what to avoid while meeting and negotiating with potential customers.

Top Things to Avoid While Selling Your Home

Getting Emotional

Like we said, selling your own house can be emotionally stressful, especially if you have memories of growing up in that property or purchased it yourself. People often find it challenging to keep their emotions in check when bidding farewell to a house, leading them to make mistakes and get a bad deal.

Since you must part with your house, you better seal the best deal you can. And the first step is to think like a business person and not from your heart. Prepare yourself to view the transaction as purely financial. 

Setting an Unrealistic Price 

Before you set the price, make sure that you are thorough with your research about properties in Hawaii and their types and cost. Try to understand what kind of homes provide what facilities and according to what factors the sellers set their price. Only then can you compete on a professional level with other sellers. For example, before putting a price, make sure that you know if your house is a condominium or an apartment, or a villa. Try to make points about condominiums vs. apartments vs. villas and see how and why they are priced differently. And set a price that justifies the position of your property.

Not Being Open for Negotiation

Very few properties make a sale on their quoted price. This is because the buyers would always want to strike a negotiation. Therefore, while pricing, make sure you keep some negotiation space. This could make the buyer feel that they are getting the property at a bargain. 

Similar Link: Selling Your House? Make Sure You Price It Right.

Selling During Winters

The winter months are a time for celebration and holiday. Thus people like to stay at home and not look around too much. Most of your potential buyers would be caught up in social gatherings or away for a holiday, which means fewer buyers will be looking for properties making it not the right time to sell. As a result, you may not get the money you deserve for your property. Therefore, it is advisable to wait out the holidays. 

Not Listing Photos and Videos

The more photos and videos you will have of your home, the better. This will attract buyers who would want to look at your property. Several properties listed have poor pictures, and if you do a good job, you will be able to set your listing apart and get the upper hand. 

The quality of your photos and videos should be crisp and clear. Try taking them in the daylight and show off the best assets of your house. Tidy up every room and corner to make them look attractive. You can also hire a professional photographer as they can give you the best pictures.

Should You Hire an Agent or Not

Unless you know the dynamics of the Hawaiian real estate market, it is safe to hire an agent as they have excellent knowledge about the market and how to make a property sell. Since they have experience, you can expect them to do better than yourself, especially if it is your first time. In addition, agents have contacts and can bring you the most suitable buyers, thereby eliminating too many disappointing meetings.

A good agent always works in their client's interest and can strike you the best bargain. They can also help you with legal and financial situations, like enlightening you about the requirements for mortgage pre-approval that you might need in certain circumstances. They are familiar with all the paperwork involved in transactions, and you need not worry about running from one desk to the other every time there is an issue.

With all the advantages, one cannot overlook that real estate agents charge a hefty commission ranging from 4% to 7%. Try to get the best service at the best price. If you work hard enough to find a suitable agent, the rest of the journey will become smooth.

Keeping in mind what to avoid while selling your property can work in your best interest. However, if you still find the procedure troublesome and think you cannot handle it all by yourself, it is best to hire an agent who will help you throughout the process and get you the best rate and customer for your house.