The decision to sell your property, your most prized possession, seldom an easy one. People sell their properties for a variety of reasons which include financial problems, relocating, the need to upsize or downsize into a suitable home. This can prove to be a daunting task for those who are not familiar with best practices and can lead to discomfort and stress. It is for this very reason that sellers employ the services of an estate agent. There are however, many pitfalls that sellers should be aware of. Let’s take a look at a few pointers to get you started in the right direction.
Tip #1 – Only sign a sole mandate with an Estate Agent if they offer you an excellent deal
It’s a numbers game. The more agents you have working on your property, the greater chance you have of selling it. Agents may tell you that unless you sign a sole mandate with them, that they are not willing to advertise your property. We can assure you that for every one agency that takes this stance, there are ten who don’t and will happily work with you on an open mandate basis. If you do decide on a sole mandate, limit the time period to as short as possible.
Tip #2 – Don’t try and sell privately unless you are prepared to play your part.
Our options include sellers to “do it on their own” and not use estate agents. Although this has huge merit, remember that your primary goal is to sell your property to a qualified purchaser for the price you want. Do not lose sight of this goal ! We recommend that you use all the resources at your disposal to sell your property for the right price and in the shortest possible time frame.
Tip #3 – Finding a reputable agent
Although we encourage you to use all the resources at your disposal, it is important to find one agent who you are comfortable working with and giving them priority over the others. This agent should be mindful of your requirements and willing to make a real effort in selling your property. Make sure that the agent you decide to work with has a nice attitude and treats you with respect. You are the customer and you are doing them a favour by giving them the business.
Remember that selling your house does require participation from you and there are a few important points to remember to make sure that everything goes according to plan. Set aside viewing times during the week and weekend, when you or your agent can bring clients to view your property. Keep in mind that many people are going to be walking in and out of your home. Selling property is no easy task and if you go the estate agent route, the agent requires your support to do so.