Search

Selling a private home is much the same as selling an apartment, but it has its peculiarities. What mistakes are there when selling a personal residence, and when is the best time to start trading? What should and should not be written in the ad for sale?

Inadequate price

To sell a house quickly, you need to assess its value properly. There are two approaches: cost-based and comparative. The first option involves determining the costs of buying the same land and building a similar house. Also, when selling a home, many people estimate its value based on the costs of purchasing and repairing it, equipping the site, installing a new fence, etc. This is a mistake since these amounts may not be comparable - especially with inflation and wear and tear on the repairs and the house.

In the second option, you compare your home to similar ones for sale and determine its market value: the more comparisons, the more accurate the result.

Consider the following parameters when comparing your home to similar homes:

Parameters of the house and the lot

The location of the house;
The materials from which the house is made;
The possibility of year-round residence;
the condition of the access road;
presence of gas, electricity, a well with water, and autonomous sewerage;
the type of land area ;
The environmental situation in the area.

In addition, the speed of the sale of the house depends on the activity on the market. If there are a lot of transactions in it, that is, it is not during the crisis or economic downturn, and you do not manage to sell the house within a month, the price of it may be inflated. In a period of low activity in the real estate market, such a period maybe six months. If the house doesn't sell, try lowering the price. If this does not help, many realtors advise to temporarily removing the ad from the sites for sale and after some time updating it and try again.

Unscrupulous realtors.

If you contact a real estate agent for help selling your home, check how the listings look and clearly state all the terms and costs of its services in the contract, or go to a proven homelight cash offer reviews https://www.fastexpert.com/blog/homelight-review/.

Another mistake is trying to cooperate with several real estate agencies at once. So choose only what suits you and whom you trust.