Sell your home faster
Whether you are selling in the city or hoping to move your rural property into new hands, don’t make these mistakes.
If you're one of the many Canadians looking to take advantage of the spring real estate market and upsize, downsize or simply relocate, selling your current home is an important task. You will want it to sell quickly, and for a reasonable price. In this article from Moneysense, Gail Vaz-Oxlade examines common mistakes many sellers make when they put their homes on the market, and how to avoid them.
The most common mistake sellers will make is overpricing their property. Selling your house is an emotional experience, as years of work has likely gone into making the house a home. It is easy to let emotions take control when determining how much you think your home is worth, but overpricing the property will severely limit buyer interest, and it is usually difficult to bounce back from. It is prudent to consult a real estate agent, examine what comparable properties in the area are selling for, and price your home accordingly.
Other common missteps to avoid include limited availability to show the house, not being prepared for showings, and disallowing inspections. There are new homes appearing on the market every day, and you only get one chance to make a first impression with yours.