Ever heard of a real estate transaction going smoothly? We are not saying that there are no good stories. However, the ones where the seller ends up losing the sale are due to his mistakes. Every process has its challenges, and handling them before they arise is something only a professional Orlando realtor can do.
Certain factors make selling a house impossible. Some of them are due to lack of information and others because of the current market trends. Let’s look at them:
Selling Your House Out of Season
The best time to sell your house is in spring. There’s a theory behind it and a good one. In winter, people stay cooped up in the house. They seldom go out, and all that angst comes out in full force when the weather clears. Most people choose this time to change their house because the inventory is high despite there being too much competition.
Getting Emotionally Involved
Selling a house that you have lived in for years can be a little difficult because you have created many memories here. This very connection can sink your house sale if you take an emotional interest in the process. Whether you like the buyer or not is not a real concern. Your point of focus should be making sure that the buyer is serious about purchasing your Orlando real estate.
FSBO is not something that you should consider if you don’t know anything about real estate transactions. If your thinking is that you will be saving on the real estate commission, you are misguided. You will probably end up paying much more. Since you don’t have any connection to the professionals that help throughout the home-buying process, most of your time will be spent finding someone trustworthy.
Overpricing the House
If your house’s worth is not close to the asking price, you will probably receive only a few offers. The asking price of a house is based on its age, structural integrity, wear and tear, unique features, and modern renovations. You can’t just choose number of your liking and mention them on the listing. In this situation, your real estate agent helps you by getting the house’s valuation and finding its real value.
Rejecting Lowball Offers
If you have received multiple lowball offers, your asking price is wrong. Do not get offended by such offers. The reason you are getting them is that the market trends might have changed or similar houses in the neighborhood are priced differently.
Now that you know what’s tanking your house sale, you can take the necessary actions to avoid them, the first one being hiring a Downtown Orlando realtor. Taking the FSBO route is a mistake; without any knowledge and experience about real estate transactions, you might get scammed. To get in touch with a real estate agent, visit Megan Dowdy Realty. For information, call 407-509-9279.