Unrealistic price: When you overprice your home it simply doesn’t sell or it could stay on the market for a very long time …I’ve seen properties on the market for as much as 3 years!
Remember when you were getting ready to buy and you looked at so many properties before finally deciding on the one you really loved? Remember how hard you negotiated? Well today’s buyers are no different and they have more access to information about the property. When you set the price for your property at what the market can actually bear, you will generally get multiple offers and sometimes that helps to push your price up. So in the end you actually get what you want. However, sometimes it is unrealistically priced because you are…
Staying emotionally attached: If you are not “emotionally’ ready to sell your property then maybe you should wait. If you are not emotionally ready to let go most times you’ll set an unrealistic price and remember it is a transaction for the buyer
I know it may be very hard for you because this is the house where you got married, this is where I had my children but remember for the buyers, it is purely a transaction and you don’t want to put yourself in a position where you could actually sabotage the success of the sale. Sometimes we know you may be forced to sell your property but be upfront with your realtor and get your family or friends to support you as well. You don’t want to be in a situation where your realtor is suggesting one thing and your constantly resisting.
Hiring an inexperienced agent: While we are on the note of Realtors…there are good listing agents and ones that are…well.
Ensure you do your research before you get an agent to list your property. You should hire a good listing agent, especially one that knows what’s going on in the market, one who has experience and understands how to deal with your type of property. You also want to ensure it’s a listing agent who has knowledge of what is going on in the industry and a sphere of influence that will be able to pull and attract more eyes to your property.
So remember, interview your agent and ask all the right questions. If you’re wondering-well, how do I know if it’s the right agent, download our free ebook. It gives you all the questions you should be asking of your realtor, your bank, your attorney, your valuator and your land surveyor.
Need more information? Get all the details in our free ebook, How to Buy an Apartment or Condo in Jamaica.
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