5 common first-time home seller mistakes to avoid. YahooFinance
Putting your home on the market for the first time can be a daunting milestone. After all, the road that lies ahead is not exactly what one would call simple – there are viewings, negotiations, and paperwork to keep up with.Mistake #1: Engaging many agents to increase your unit’s exposure It may be tempting to hire more than one agent in order to increase your chances of snagging a buyer, but this falls under the assumption that more agents=more potential buyers.
The bitter truth is that the renovations you’re hoping the buyer will fall in love with will ultimately become an afterthought after the property changes hands. Especially within today’s property market, units that fetch a premium price – even those with glowing features – are still not impervious to depreciating factors such as dwindling balance leases and increased supply of flats with fulfilled MOP. These factors all contribute to indicate a Buyer’s market in 2019.
This is often referred to as home staging and can be extremely effective in helping buyers see your unit in a more appealing light. However, this is not necessarily the case for all big 120+ sqm units, as some may not have the ideal layout for that extra bedroom to be possible. Unfortunately, buyers may not be as willing to pay more when that option is off the table.
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