MARINA DAVYDOVAUnderselling. This happens when a property is sold for significantly less than its market value. You would think only fraudulent real estate agents would be behind this. Well, you are wrong. Often it happens to Vendors as a lack of poor research.
Before you make one of the biggest decisions in your life, the decision to sell your home. DO SOME RESEARCH!
It sounds so simple and I feel mad for writing this, but believe me it is rarely done. This is why vendors miss out on good early offers.
If you are not confident, inexperienced (even if you feel a touch emotional) or simply unsure about the value of your home, some expert independent advice should be considered.
Independent is the key word. Make sure that your adviser does not have vested interest in your property or their advice may be biased – e.g. don’t get three real estate agents to give you three different values – after all they are trying to win your business. An independent valuation can assist, as this will take the guesswork out of setting a price for your home.
Time is money in real estate. This means, the longer a home is on the market, the more it costs to keep, to advertise and the lower the buyer levels become. Less buyers means less competition and therefore equals less money.
Bottom line - Get the price right and you will never undersell your most valuable asset.
Rate this:
Like this:
Leave a Comment so far
Leave a comment
