Before you begin the process of selling a property there are some important factors to keep in mind:
You are Selling a House
You should put your personal feelings about your property aside. Of course, this is easier said than done. It is perfectly normal to have feelings about the place that you have been living in. However, these feelings will NOT sell your property.
Your Timeframe
One of the most important questions to ask yourself at this point is "How much time do I have to sell?" The answer to this all-important question will dictate much of your course of action, including the asking price and how aggressively you need to market the house. Timing, coupled with current market conditions, are probably the two most critical factors to consider.
Determine your Asking Price An important factor to consider when choosing a price is your time frame. If you are looking for a quick sale, you will probably need to consider a lower asking price. If your time frame is more flexible, you can adjust the price accordingly. To get an idea of the value of your property you should research the current market and look at similar properties that are 'For Sale' or that have been recently sold in your area and choose a price that will benefit you and attract the largest pool of buyers. Remember if your price is substantially higher than the going price for neighbouring homes, you will have a difficult time making a sale. If your asking price is too low, you risk losing money.
Your Priority
Of course, you want to get the best possible price you can get for your home. That is why you are choosing to sell without an estate agent in the first place. However, the biggest mistake sellers tend to make is to overprice their home, hoping for a large return. By asking for a price that is considerably higher than comparable homes in your area, you are already deterring potential buyers from making an offer. Buyers are fully aware that selling your home without an estate agent eliminates the brokers commission (which averages 1.5%) and therefore they do expect to negotiate a better deal.
Neat & Tidy We cannot stress enough how important is is that your property
is immaculate for viewings. It is a well know fact in the property world that the appearance of a well kept home adds value and enables a house to be sold quickly and at a higher profit.
