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. Keep an eye on the real estate market- As it is commonly said Timing is Everything, if the current market is booming you can get a good price for your home. So avoid selling when the market is cynical as you may lose a large percentage of your profit.
. Never over quote- If you raise the price by even 5% above the market value, the buyers will definitely get discouraged. Hence, it is important to realize that your selling price should be based on the current market rate to click a good deal. The price must be reasonable or else it will be rejected.
. Dont underestimate the market- If you quote the home price much higher than the current rate with the idea of lowering it later, you are sabotaging your own profit. Always remember, keeping the home in the market for a longer duration can sometimes incur carrying and upkeep costs.
. Never hire relatives as real estate agents- Hiring a relative is the most common mistake a seller makes and this mistake can lead to heavy loss. Selling your home is a major decision and transaction, so hire a professional and not a relative or friend as it can make all the difference in getting you a good deal.
. Dont believe the realtor completely- You might be happy with your realtor, but sometime situations can change and so can humans. Protect yourself by asking for a 'guarantee of performance' so that you are at the liberty to cancel the contract if you are not satisfied with your realtor.
. Never lie about your home to the buyer- Always tell the truth to the buyer, as it does not pay to deliberately misinterpret. Most sellers dont misinterpret but sometimes they go overboard with the room size, decks, porches or unfinished basements. So dont disappoint the buyers because once they lose interest in the property, then its difficult to recapture them.
. Never scare the buyers- Keep your house clean. A cluttered garage or an unkempt yard can put off a prospective buyer even before he tours the house. So improve the appearance of your house and do whatever it takes to enhance your interior and exterior so that it gives a Buy Me look.
. Make necessary repairs- Repair your home before it is put to sale as it can increase the sale value. Even small fixtures can enhance the overall look of the house and thus increase the sale of your home.
. Dont interfere with the sale or when the house is shown- Leave the realtor to handle the sale. Buying a home is an emotional decision, so you should leave the buyers alone to think and take a decision. Maintain a low profile when your house is being shown, as the realtor can do a better job.
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