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Selling Privately can be a problem. See why.
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Mistake #1 -- Placing the Wrong Price on Your Property Every seller obviously wants to get the most money for his or her product. Ironically, the best way to do this is NOT to list your product at an excessively high price! A high listing price will cause some prospective buyers to lose interest before even seeing your property. Also, it may lead other buyers to expect more than what you have to offer. As a result, overpriced properties tend to take an unusually long time to sell, and they end up being sold at a lower price.
Mistake #2 -- Mistaking Re-finance Appraisals for the Market Value Unfortunately, a re-finance appraisal may have been stated at an untruthfully high price. Often, lenders estimate the value of your property to be higher than it actually is in order to encourage re-financing. The market value of your home could actually be lower. Your best bet is to ask your realtor for the most recent information regarding property sales in your community. This will give you an up-to-date and factually accurate estimate of your property value.
Mistake #3 - Not to Hire a Full Time Real Estate Professional Don't get stuck with a part time realtor or you will get part time service. Part time service means less exposure which leads to lower sale price and longer time on the market. Selling real estate today is more then sticking a sign on the lawn, put it on the realtor.ca and doing open houses. Marketing with the internet is a whole new world of telling buyers about your home. Pictures are important...but do you have 20-30 pictures of your home taken with a professional SLR camera with a Super Wide Angle Lens. Are these pictures uploaded to a virtual tour and linked to 30+ other web sites. Most people (80%) today find their home or begin their search of homes on the internet. Using a full time realtor to sell your home will get you more money in the end.
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What do you like most about your current house?
(A) Neighborhood
(B) Size
(C) Amenities
(D) Yard
(E) Other
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