Selling a house is a big deal for any individual as a single mistake can cost you a lot. It involves complex steps of listing your house, making repairs, finding a buyer, and navigating the closing process.
Therefore, the decision of selling a house needs insight into several issues related to laws and rules.
To sell your house profitability, you can take help from estate agents or conveyancers to work with your marketing strategy. You can also improve your chances of selling your house successfully by avoiding certain mistakes.
Here are the common mistakes that you must avoid while selling a house in Enfield, London.
1- Pricing the House Incorrectly
Figuring out the right price for your house is a difficult task. The housing market in Enfield is seasonal and fluctuates from time to time. Therefore, it requires research to come up with a realistic price.
The value of your house should reflect what the market wants. While an underpriced house is not a good deal for the seller, an overpriced house does not attract buyers.
The most common mistake committed by sellers is overpricing their houses as everyone wants the highest price for their property. But the longer your property is on the market, the less chance you have of selling it at a good price.
Therefore, avoid overpricing your house. You can use different methods to find the realistic price:
- Use the UK House Price Index or Foxtons to see the changes in house prices.
- Check the prices of similar homes in your area.
- Take advice from estate agents.
2- Skipping Marketing of Your House
Avoiding marketing your house can lead to losing your potential buyers. Therefore, marketing is crucial when selling your house.
You can use different advertising methods to entice your buyers. Here are a few methods:
- Signage outside your home
- Word of mouth advertising
- Internet listings
To appeal to the largest number of potential buyers, you need to use innovative ways to improve your marketing. Use photos of your house and virtual tours of the home to engage buyers.
3- Trying to Sell Without A Solicitor
It is not a great idea to sell your house on your own if you do not have prior experience. Selling a house involves dealing with a lot of paperwork, negotiating home sales, and getting a better price for your house.
Therefore, it is better to hire experienced conveyancing solicitors in Enfield who have solid understanding of property deals.
Also, ensure that you select the right agent for selling your house. Since there is a huge pool of real estate agents and convincing lawyers, it is possible to land on someone who is not qualified for the job.
Thus, take time and research to find the right agent. You can take referrals from your friends or people in your network.
You can also visit a few real estate agents, ask about their past clients, and check their licensing and credentials.
4- Ignoring Maintenance Issues
Ignoring major property maintenance issues such as leaking roofs, ancient pipes, and holes in the wall could put off buyers.
When buyers conduct a home assessment, they also look for items that are broken, in poor condition, or can affect the structure and functionality of the house.
Here are the solutions to deal with maintenance issues:
- Fix these issues ahead of time
- Price your house below the market value
- List your house at a normal price and offer a credit to buyers to fix the issues.
It makes sense to fix major maintenance issues along with staging and tidying your house before you put it on the market.
5- Avoiding Land Registration
The land registration document is most important while selling your home in Enfield, London.
If your property is not owned or leased by you, then it must be registered with the legal authorities. In case it is not registered, your sale deal can be canceled. Also, it brings superfluous stress on the buyer and seller too.
Therefore, get a lease agreement drawn with the help of a professional agent and transfer it to the new owner’s name.
People sell their houses due to different reasons, such as the need for finance, change of location, or mortgage. In such cases, you must avoid the above mistakes to get the best deals.
Therefore, it is always better to hire an experienced and knowledgeable conveyancing lawyer in Enfield who can handle the legal sides, avoiding any unanticipated situations. Hiring a conveyancer also helps you to have higher success rates, transparency, clear communication, and a fast-processing rate.