An appraisal by a professional home appraiser is a very useful tool in selling a vacant house. Having one prior to listing the home is helpful in setting the listing price, working with comparable sales and local market trends. Having an appraisal to show buyers gives the seller credibility, and may reduce the negotiation period. Buyers who can see an appraisal will feel more comfortable with your selling price and their offer price.
NOT OBTAINING REPAIR ESTIMATES
Whether you plan to repair the house before listing or leave undone, obtain estimates for any necessary or desirable repairs, and get them from more than one source. If you plan to sell the house, this will give you leverage in negotiating the sales price since you know exactly how much the repairs will cost, or how much you paid for them.
SHUTTING OFF UTILITIES TILITIES
One mistake sellers make is turning electric and water utilities off. Keeping utility services on will help prevent weather damage. Additionally, a house without lights is difficult to show and gives buyers the impression that the house needs more repairs than it does. Keeping utilities on will make it more comfortable for anyone seeing the house.
MISPRICING THE PROPERTY
Both overpricing and underpricing are serious mistakes when it comes to real estate selling. Pricing must follow a thorough understanding of the present market scenario. Do enough research and take the advice of the real estate professionals in fixing the right price of your home. Get familiar with the comps in the local area and clearly understand what price is right for your home. Underpriced properties are likely to give an
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