Moving home can be one of the most exciting times in someone’s life. Especially for sellers, the idea of packing up and setting off for pastures new or putting their stamp on a new home can be thrilling. However, for some, the stress of selling can be overwhelming.
A poll of 2,000 people by lifestyle magazine Real Homes has reported that moving house is even more stressful than divorce for 40% of people. Sometimes with all the preparations and desperation to move, mistakes can happen which can sadly increase your costs or mean you don’t get value for money from your property sale.
Here are four costly mistakes when selling your home and how to avoid them.
The wrong estate agent for your property
Finding an estate agency that knows the local area well and understands the property market is key. If a prospective buyer is on the fence about your home, the wrong agent can be enough to tip the scales against you.
Good estate agencies may also have connections to help you with the process of selling your home, like surveyors and conveyancing solicitors Hemel Hempstead such as https://www.samconveyancing.co.uk/Conveyancing-Solicitors/conveyancing-solicitors-hemel-hempstead. If you aren’t happy with your estate agent, then give someone else the business.
Poor Presentation
Your version of clean and tidy may not be your prospective buyer’s idea of what a well-presented home looks like. While most buyers will understand that the property will look very different once the seller has moved out, a filthy or cluttered home can be hard to look past and make it difficult for home buyers to imagine themselves living there, which is key to a good offer.
If you are moving, it’s a great time to declutter anyway. Your property should be clean and in good condition.
Pricey Renovations
Speaking of a property’s condition, homeowners with an eye to asset growth should only spend money on a property that they know they can recoup at sale. A light and airy kitchen extension can add thousands, but paving a garden or adding fake grass that can’t be undone could reduce your property’s value by thousands.
Overpricing
With the incredibly hot property market in the UK, it can be tempting to be ambitious when setting your initial asking price for a property. However, overdoing it can lead to a lack of interest and this can give the impression that your home has been left on the shelf. This makes it even harder to sell and inevitably you will have to drop your price. Get a few valuations for your property and do your own research on the local area.
