– This month’s blog at Matthews Benjamin Sales & Lettings looks at common mistakes first time sellers make. For information, contact our team.
Selling your home is a very big financial decision, and naturally you will want to achieve the highest possible sale price. However, many homeowners unknowingly make mistakes that can slow down the sale process, reduce the final sale price, or cause the deal to fall through.
At Matthews Benjamin Sales & Lettings, this month’s blog looks at the common mistakes first time sellers make. For information, don’t hesitate to contact our team.
Not just first-time sellers, but most people putting their home on the market tend to set the asking price too high. This is often due to emotional attachment or past market trends. However, overpricing discourages potential buyers, reduces interest, and can extend time on the market. Alternatively, under-pricing may lead to financial loss and missed opportunities.
Engaging in a reputable estate agent ensures accurate pricing. Combining market data and local knowledge, a reputable estate agent will determine a fair value.
First impressions are essential when someone comes to view a property. Cluttered, untidy or poorly maintained properties will fail to attract buyers and decrease property value. Address small repairs to ensure your home is more appealing to potential buyers.
Additionally, declutter by removing personal items and unnecessary furniture out of sight. Buyers need to picture themselves living in the property.
If you don’t market your property properly, it will be harder to sell. Poor photography, limited listings and lack of digital promotion can reduce enquiries and offers. Consider the best features of your property and local amenities nearby you can highlight.
Emotional attachment can lead to sellers rejecting reasonable offers. This can lead to sales falling through or a lower final sale price. Set some clear objectives by defining your target price and minimum offer you will accept.
A professional estate agent will manage negotiations and suggest adjusting expectations accordingly.
Not all estate agents have the same approach and expertise. Choosing an estate agent based on low fees can go wrong if they lack experience, local market knowledge or a proactive approach.
At Matthews Benjamin Sales & Lettings, we have a proven track record and reputation for sales in Cumbria and Lancashire. Don’t be afraid to ask questions about an estate agent’s strategy for selling your home. We offer comprehensive support, ensuring your property sale is as stress free as possible.
If you require further advice for selling your home, don’t hesitate to contact our team at Matthews Benjamin. We are on hand to discuss any queries you may have.