
The biggest mistakes when selling real estate
Problem 1: Sightseeing.
It is not uncommon for serious interest in buying to be low because other aspects are much more interesting to the visitor. In the worst case, these may include whether there is an alarm system or where valuables are kept. But even if there is a genuine intention to buy, a pending transaction involves risks.
Problem 2: Unreported defects.
Under certain circumstances, the purchase can be reversed. For example, if serious defects in the property are not disclosed.
The time required is underestimated. Organizing the sale is also a challenge. Naturally, a buyer wants to find out about the property's history. This involves gathering documents such as the building and floor plans, the energy performance certificate, the living space calculation, the land register extract, any existing right of residence agreements, or simply the condominium association minutes and tradesmen's invoices for the last five years.
Problem 3: Finding the right price.
Here, too, many portals promise expertise. However, it is not the asking prices in the neighborhood that are decisive, but the demand in the immediate vicinity. Price trends can vary fundamentally from one street corner to the next or in the neighboring village. It is helpful to consult a local real estate expert who has been following price developments over a long period of time and can accurately assess the value of the property based on their experience. It is understandable that a property owner does not want to set the price of their home too low. However, if the price is set too high when listing on a real estate portal, there is a risk that the property will become too expensive and difficult to sell, and will ultimately be sold at a price below its actual market value. Real estate valuation is a complex process that can be simplified by software, but still requires the experience of an expert who can estimate the price at which the property should be put on the market.
Problem 4: Lack of availability.
People who are busy at work appreciate their free time after work. If you sell your property yourself, you have to expect to be contacted by interested parties at any time—yes, even in the evenings. There will be inquiries, price negotiations, and viewing appointments. There is no receptionist. And if someone knows the address, they may well ring the doorbell. You can save yourself this stress by hiring a local real estate expert.